California Statutes
§ 43900. — 43900. (Added by Stats. 1949, Ch. 79.)
California·Code GOV Government Code - GOV·Div. 4.·Title 4. DIVISION 4. FINANCIAL PROVISIONS·Ch. 4. CHAPTER 4. Bonds·Art. 8. ARTICLE 8. Destruction of Unsold Bonds
The legislative body of any city may destroy any bonds remaining in the possession of the city if:
(a)The bonds were voted to be issued for municipal purposes.
(b)The bonds have been executed but not sold and disposed of.
(c)The sale and disposal of the bonds is deemed by the legislative body to have become inexpedient, and their destruction desirable.
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California § 43900. (43900. (Added by Stats. 1949, Ch. 79.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1949, Ch. 79.