Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 4./Title 4.: DIVISION 4. FINANCIAL PROVISIONS/Ch. 4.: CHAPTER 4. Bonds/Art. 4.: ARTICLE 4. Investment Bond Act of 1909/§ 43776.
California Statutes

§ 43776. — 43776. (Added by Stats. 1949, Ch. 79.)

California § 43776.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.4.
Title 4.DIVISION 4. FINANCIAL PROVISIONS
Ch. 4.CHAPTER 4. Bonds
Art. 4.ARTICLE 4. Investment Bond Act of 1909

This text of California § 43776. (43776. (Added by Stats. 1949, Ch. 79.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Government Code - GOV Code § 43776. (2026).

Text

When bonds are acquired at less than their par value, the legislative body may reduce the total principal amount of any issue acquired and held by it to a total principal amount to be fixed by ordinance. The reduced total principal amount of the issue shall not be less at par than the total purchase price of the total principal amount of the issue acquired by the legislative body.

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Legislative History

Added by Stats. 1949, Ch. 79.
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California § 43776., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/43776..