Section 8060 Of Article 6. Taxation From California Water Code >> Division 5. >> Part 1. >> Chapter 1. >> Article 6.

. The city council, at the time of fixing the general tax levy, and in the manner provided for the general tax levy, shall levy and collect each year for the term of 40 years, a tax sufficient to pay the annual interest on the bonds and also one-fortieth part of the aggregate amount of the indebtedness.