reglab/housing_qa huggingface dataset:
CA Govt Code § 43610.1 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43610.1.

43610.1.  The ordinance may provide that the estimated cost stated therein of the public improvements includes any or all of the following:(a) Legal or other fees incidental to or connected with the authorization, issuance and sale of the bonds.(b) The costs of printing the bonds and other costs and expenses incidental to or connected with the authorization, issuance and sale of the bonds.(c) If the public improvements are revenue-producing public works, bond interest estimated to accrue during the construction period and for a period of not to exceed 12 months after completion of construction.If such statement is made, the proceeds of the sale of the bonds may be used to pay such of the foregoing as are stated in the ordinance.This section shall not be construed to authorize a city to use the proceeds of the sale of bonds for a purpose for which it could not use its general fund.(Amended by Stats. 1967, Ch. 1079.)
CA Govt Code § 43611 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43611.

43611.  The ordinance shall be published once a day for at least seven days in a newspaper published at least six days a week in the city, or once a week for two weeks in a newspaper published less than six days a week in the city.If there are no such newspapers, it shall be posted in three public places in the city for two succeeding weeks.No other notice need be given.(Amended by Stats. 1957, Ch. 844.)
CA Govt Code § 43612 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43612.

43612.  If an election called pursuant to this article is consolidated with any other election, the ordinance calling the bond election need not set forth the election precincts, polling places and officers of election but may provide that the precincts, polling places and officers of election shall be the same as those set forth in the ordinance, order, resolution or notice calling or providing for or listing or designating the precincts, polling places and election officers for the election with which the election called pursuant to this article is consolidated, and shall refer to such ordinance, order, resolution or notice by number and title or date of adoption, or by date or proposed date of publication and the name of the newspaper in which publication has been or will be made, or by any other definite description.(Amended by Stats. 1949, Ch. 1050.)
CA Govt Code § 43613 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43613.

43613.  Except as otherwise provided in the ordinance, the election shall be conducted as other city elections.(Amended by Stats. 1949, Ch. 1050.)
CA Govt Code § 43614 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43614.

43614.  If two-thirds of the electors voting on the proposition vote for it, the bonds may be issued.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43615 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43615.

43615.  When two or more propositions for incurring indebtedness are submitted at the same election, the votes cast for and against each proposition shall be counted separately.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43616 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43616.

43616.  If any proposition is defeated by the electors, the legislative body shall not call another election on a substantially similar proposition to be held within six months after the prior election. If a petition requesting submission of such a proposition, signed by 15 percent of the city electors as shown by the votes cast for all candidates for Governor at the last election, is filed with the legislative body, it may hold an election before the expiration of six months.(Amended by Stats. 1961, Ch. 701.)
CA Govt Code § 43617 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43617.

43617.  The legislative body shall prescribe the form of the bonds and interest coupons, and fix the date of the bonds.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43618 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43618.

43618.  The legislative body may divide the principal amount of any issue into two or more series and fix different dates for the bonds of each series. The bonds of one series may be made payable at different times from those of any other series. The maturity of each series shall comply with this article.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43619 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43619.

43619.  The legislative body shall fix, and designate in the bonds, a time and place for payment of the bonds. Except as provided in Section 43620 of the code, not less than one-fortieth of the principal amount of each issue or series of bonds with interest on all sums unpaid shall be paid every year.(Amended by Stats. 1951, Ch. 1403.)
CA Govt Code § 43620 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43620.

43620.  The legislative body may fix a date, not more than two years from the date of issuance, for the earliest maturity of each issue or series of bonds and in the case of bonds issued for the acquisition, construction, or completion of revenue-producing public works may fix a date not more than 10 years from the date of issuance for the earliest maturity of each issue or series of bonds. Beginning with the date of the earliest maturity of each issue or series, not less than one-fortieth of the indebtedness of such issue or series shall be paid every year; provided, however, the bonds of any issue or series irrespective of the purpose for which the same are to be issued may be made to mature and become payable in approximately equal total annual installments of interest and principal, during the term of the bonds computed from the first year in which any part of the principal shall mature to the date of final maturity which annual installments may vary one from the other in amounts not exceeding in any year more than 5 percent of the total principal amount of the bonds of such issue or of the series thereof then proposed to be issued. The final maturity date shall not exceed 40 years from the time of incurring the indebtedness evidenced by each issue or series.(Amended by Stats. 1957, Ch. 844.)
CA Govt Code § 43620.1 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43620.1.

43620.1.  An action to determine the validity of bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure.(Amended by Stats. 1961, Ch. 1548.)
CA Govt Code § 43621 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43621.

43621.  The legislative body may provide for redemption of bonds before maturity at prices determined by it. A bond shall not be subject to call or redemption prior to maturity unless it contains a recital to that effect.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43622 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43622.

43622.  The bonds shall be issued in such denomination or denominations as the legislative body may prescribe.(Amended by Stats. 1963, Ch. 736.)
CA Govt Code § 43623 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43623.

43623.  The bonds shall be signed by the mayor, or such other officer as the legislative body authorizes by resolution adopted by a two-thirds vote of all its members, and the city treasurer. They shall be countersigned by the clerk or a deputy clerk.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43624 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43624.

43624.  The bond coupons shall be numbered consecutively and signed by the treasurer.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43625 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43625.

43625.  All signatures and countersignatures except that of the clerk or the clerk’s deputy may be printed, lithographed, or engraved.(Amended by Stats. 2018, Ch. 467, Sec. 57. (SB 1498) Effective January 1, 2019.)
CA Govt Code § 43626 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43626.

43626.  If any officer whose signature or countersignature appears on bonds or coupons ceases to be an officer before delivery of the bonds, that officer’s signature is as effective as if the officer had remained in office.(Amended by Stats. 2018, Ch. 467, Sec. 58. (SB 1498) Effective January 1, 2019.)
CA Govt Code § 43627 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43627.

43627.  The bonds may be issued and sold as the legislative body determines, but for not less than par. Before selling the bonds, or any part thereof, the legislative body shall give notice inviting sealed bids in such manner as the legislative body may prescribe. If satisfactory bids are received, the bonds offered for sale shall be awarded to the highest responsible bidder. If no bids are received, or if the legislative body determines that the bids received are not satisfactory as to price or responsibility of the bidders, the legislative body may reject all bids received, if any, and either readvertise or sell the bonds at private sale.(Amended by Stats. 1951, Ch. 1568.)
CA Govt Code § 43628 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43628.

43628.  All premiums and accrued interest received shall be placed in the fund to be used for the payment of principal of and interest on the bonds, and the remainder of the proceeds of the bonds shall be placed in the treasury to the credit of the proper improvement fund and applied exclusively to the purpose and object recited in the ordinance; provided, however, that when said purpose and object has been accomplished any moneys remaining in such improvement fund shall be transferred to the fund to be used for the payment of principal of and interest on the bonds. Further, when such purpose and object have been accomplished and all principal and interest on the bonds have been paid, any balance of money then remaining shall be transferred to the general fund.(Amended by Stats. 1951, Ch. 1568.)
CA Govt Code § 43629 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43629.

43629.  The legislative body may provide for delivery of any bonds at places outside the city or State, and for receipt and transmittal of the purchase price in cash or bank credits in the form of certified Federal Reserve bank funds.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43630 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43630.

43630.  After three years after a bond election the legislative body may determine, by ordinance adopted by a two-thirds vote of all of its members, that no part of the bond issue remaining unsold shall be issued or sold. When the ordinance takes effect, the bonds remaining unsold and described in the ordinance become void.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43631 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43631.

43631.  When the legislative body determines by resolution that the expenditure of money raised by the sale of bonds for the purpose for which the bonds were voted is impracticable or unwise, it may call a special election to obtain the consent of the electors to use the money for some other specified municipal purpose.The procedure shall be the same as when the bond proposition was originally submitted.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43632 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43632.

43632.  At the time of making the general tax levy after incurring the bonded indebtedness, and annually thereafter until the bonds are paid or until there is a sum in the treasury set apart for that purpose sufficient to meet all payments of principal and interest on the bonds as they become due, the legislative body shall levy and collect a tax sufficient to pay the interest on the bonds and such part of the principal as will become due before the proceeds of a tax levied at the next general tax levy will be available.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43633 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43633.

43633.  If the earliest maturity of the bonds is more than one year after the date of issuance, the legislative body shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for payment of the principal on or before maturity.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43634 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43634.

43634.  These taxes shall be levied and collected as other city taxes, and in addition to all other taxes. They shall be used only for payment of the bonds and interest.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43635 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43635.

43635.  A city may undertake to perform the work directly on any municipal improvement for which bonds are issued pursuant to this article, purchasing the materials and hiring the labor without following the ordinary procedure in awarding contracts.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43636 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43636.

43636.  When the city and the United States jointly perform work on such municipal improvements, the city may turn over its portion of the cost to the United States for expenditure by it.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43637 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43637.

43637.  By resolution, the legislative body may require the treasurer to give additional bonds for the safe custody and care of the public funds.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43638 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 1 - General|Section 43638.

43638.  When municipal improvements are being made pursuant to this article, the legislative body shall make all necessary regulations for carrying out and maintaining the improvements and appoint all necessary agents to look after the construction and operation of improvements.The board of public works shall perform these duties in cities having freeholders’ charters providing for such a board.The legislative body may contract with a specially qualified person, firm or corporation to act as fiscal agent. Such contracts may authorize the fiscal agent to act as agent for any city officer or employee in the performance of any duty required to be performed, or in taking any action authorized to be taken in connection with bonds issued pursuant to this chapter.(Amended by Stats. 1957, Ch. 1363.)
CA Govt Code § 43720 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43720.

43720.  The legislative body of any city, except a city and county, may provide for the funding or refunding of outstanding indebtedness pursuant to this article, if either of the following conditions exist:(a) The city has an outstanding indebtedness evidenced by bonds, warrants, notes or other evidences of indebtedness, or a judgment.(b) Any department, board, or special fund of the city has an outstanding indebtedness evidenced by bonds, warrants, or notes or other evidences of indebtedness, and such indebtedness has been created for a purpose for which bonds of the city could have been lawfully authorized and issued.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43721 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43721.

43721.  By a two-thirds vote of its number, the legislative body may fund or refund the indebtedness at, after, or before maturity and issue bonds of the city for the indebtedness.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43722 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43722.

43722.  The bonds shall be issued in denominations of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000) each, have not more than 40 years to run, and bear a rate of interest not to exceed 8 percent a year, payable semiannually.(Amended by Stats. 1975, Ch. 130.)
CA Govt Code § 43723 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43723.

43723.  The rate of interest during the entire term of the bonds need not be the same but different rates may be fixed for one or more interest payments.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43724 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43724.

43724.  The bonds shall be serial bonds, and not less than one-fortieth of the principal and interest on all sums unpaid shall be paid each year.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43725 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43725.

43725.  The legislative body may fix a date for the earliest maturity of the principal of the bonds, not more than three years from the date of the issue.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43726 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43726.

43726.  The bonds shall be payable in such money and at such places as the legislative body designates in the bonds.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43727 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43727.

43727.  The bonds may be sold in the manner provided by the legislative body, to the highest bidder, at such price that the interest rate paid by the city, computed on the sale price, will not exceed 8 percent a year, or may be exchanged for the outstanding evidences of indebtedness pursuant to this article.(Amended by Stats. 1975, Ch. 130.)
CA Govt Code § 43728 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43728.

43728.  The proceeds of any sale for cash shall be placed in the city treasury to the credit of the funding fund, and applied only to refunding the indebtedness for which the bonds are issued.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43729 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43729.

43729.  Any proceeds of the refunding bonds remaining after the indebtedness has been paid shall be deposited in the fund established for the payment of principal and interest on the refunding bonds and used only for the purpose of paying such principal or interest as it matures.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43730 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43730.

43730.  At the time of making the general tax levy after incurring the bonded indebtedness and annually thereafter until the bonds are paid or until there is a sum in the treasury set apart for that purpose sufficient to meet all payments of principal and interest on the bonds as they become due, the legislative body shall levy and collect a tax sufficient to pay the interest on the bonds and such part of the principal as will become due before the proceeds of the next general tax levy will be available.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43731 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43731.

43731.  If the earliest maturity of the refunding bonds is more than one year after the date of issuance, the legislative body shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for payment of the principal on or before maturity.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 43732 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 4 - FINANCIAL PROVISIONS|CHAPTER 4 - Bonds|ARTICLE 3 - Refunding Indebtedness|Section 43732.

43732.  The taxes shall be levied and collected as other city taxes, and are in addition to all other taxes. They shall be used only for the payment of the bonds and interest.(Added by Stats. 1949, Ch. 79.)