Section 8937 Of Article 3. Sacramento And San Joaquin Drainage District Refunding Act From California Water Code >> Division 5. >> Part 4. >> Chapter 7. >> Article 3.

. Immediately upon the bonds authorized and directed to be canceled by this article being canceled, the board may order that assessment number six shall be paid in semiannual installments equal to not less than 3 1/2 per cent of the principal of the assessment for each installment.