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* -- Per Wikipedia: The actual reason the signs read "MAXIMUM SPEED" is that signs that read "SPEED LIMIT" in California are actually only guidelines with respect to the "Basic Speed Law" which says that the maximum speed for a vehicle on a road shall be the highest "reasonable and prudent" speed for traversing that road. That 'prima facie' traffic law provides some amount of wiggle room, as in most cases it is no doubt theoretically possible to argue the maximum "reasonable and prudent" speed for travel on a given road is indeed above the posted speed limit.
Due to the mandatory federal speed limit laws, however, California needs to also have in its arsenal a sign that indicates that the Basic Speed Law is not in effect. This indication is given by the "MAXIMUM SPEED" signs which state quite explicitly what the maximum speed on a road is, irrespective of any higher reasonable and prudent speed.**
** - You learn something every day, huh?
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