§ 26319 Bond Payment Requirements

Government Code·California

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Key Takeaways

•If a company or government issues bonds (like borrowing money from people), they must pay back the money on time.
•They also have to pay the interest (extra money for borrowing) on the dates they promised.
•The rules for paying back must be clear in the agreement (the paper they signed).

Example

A city borrows money by selling bonds to build a new park.

The city must pay back the money it borrowed on the exact dates they agreed to, plus extra money (interest) for using it. If they don’t, they’re breaking the rules.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 26319 Bond Payment Requirements

An indenture may include a clause relating to the bonds issued thereunder requiring the board to pay or cause to be paid punctually the principal of all such bonds and the interest thereon on the date or dates, at the place or places, and in the manner mentioned in such bonds and in the coupons appertaining thereto in accordance with such indenture. (Added by Stats. 1947, Ch. 815.)

Last verified: January 22, 2026

Key Terms

agreement accordance

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 26319.

Key Takeaways

Example

Key Terms

Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

References