California Law (Last Updated: March 4, 2014) |
Streets and Highways Code - SHC |
Division 7. THE IMPROVEMENT ACT OF 1911 |
Part 5. IMPROVEMENT BONDS |
Chapter 5. Division of Land and Bond |
Section 6485.
Latest version.
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The treasurer shall add to each apportioned amount a sum equal to 5 percent thereof but in no event more than ten dollars ($10) and shall make and sign a new bond in the same form as the existing bond, to represent each such apportioned amount, and the amount so added if the apportioned amount is fifty dollars ($50) or more.
(Amended by Stats. 1967, Ch. 790.)