§ 16742. — 16742. (Added by Stats. 1953, Ch. 1698.)

California § 16742.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 4.
• Title 2.: DIVISION 4. FISCAL AFFAIRS
• Part 3.: PART 3. STATE BONDS
• Ch. 4.: CHAPTER 4. State General Obligation Bonds
• Art. 3.: ARTICLE 3. Preparation and Execution of Bonds

Text

Whenever the committee may determine by resolution that for any reason any bonds which have been prepared and executed under the foregoing provisions should not be sold or issued, the State Treasurer shall cancel them by perforation with a suitable device in a manner to indicate such cancellation and the date thereof. Upon the committee so determining by resolution, new bonds, conforming to its directions, may be prepared and executed in lieu of any bonds so canceled, and may be sold and issued in the same manner as provided for other bonds in this chapter.

Legislative History

Added by Stats. 1953, Ch. 1698.