The bonds shall bear interest at the rate of 5 percent a year and be payable at the time as the board orders, not exceeding 20 years from date of issuance. The bonds shall be signed by the chair of the board of supervisors and the clerk of the board of supervisors.
(Amended by Stats. 2002, Ch. 221, Sec. 38. Effective January 1, 2003.)
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