Government Code - GOV
TITLE 4. GOVERNMENT OF CITIES [34000 - 45345]
( Title 4 added by Stats. 1949, Ch. 79. ) DIVISION 3. OFFICERS [36501 - 41805]
( Division 3 added by Stats. 1949, Ch. 79. ) PART 2. LEGISLATIVE BODY [36801 - 40592]
( Part 2 added by Stats. 1949, Ch. 79. ) CHAPTER 5. City Property [37350 - 37685]
( Chapter 5 added by Stats. 1949, Ch. 79. ) ARTICLE 8. Hospitals Managed by City Legislative Body [37650 - 37660]
( Article 8 added by Stats. 1949, Ch. 79. ) 37657.
In receiving a money donation, the city may agree to pay the donors interest not exceeding 7 percent a year upon the principal during the lifetime of the donors or the survivor. Such a payment shall not be made for more than 40 years. The principal of such a donation shall not be repaid.
(Added by Stats. 1949, Ch. 79.)