Section 5881 Of Article 1. Issuance And Sale From California Harbors And Navigation Code >> Division 8. >> Part 2. >> Chapter 2. >> Article 1.

. All bonds issued under this part shall be payable substantially in the following manner: A part to be determined by the board of supervisors, which shall be not less than one-fortieth part of the whole indebtedness, shall be paid each year on a date, and at a place to be fixed by the board of supervisors, and designated in the bonds, together with interest on all sums unpaid at that date.