ARTICLE 14. Cancellation of Bonds

Article 14 enacted by Stats. 1976, Ch. 1010.

§§ 18550–18553 · 4 sections

• § 18550 Whenever any bonds issued under the provisions of this chapter remain unsold for the period of six months after having been offered for sale in the manner…
• § 18551 Upon receiving the petition, signed by a majority of the members of the board of trustees, the supervisors shall fix a time for hearing the petition, which…
• § 18552 At the time and place designated in the notice for hearing the petition, or at any subsequent time to which the hearing may be postponed, the supervisors shall…
• § 18553 Thereupon the bonds and the vote by which they were authorized to be issued, shall cease to be of any validity whatever.