Section 44056 Of Article 3. Transfer Or Deposit Of Bonds From California Water Code >> Division 14. >> Part 6. >> Chapter 6. >> Article 3.

. The bonds may:
  (a) Call for the payment of interest not exceeding 6 percent per year.
  (b) Be of the denomination specified in the contract.
  (c) Call for the repayment of the principal at such times as specified in the contract.