ARTICLE 8. Destruction of Unsold Bonds

Article 8 added by Stats. 1949, Ch. 79.

§§ 43900–43904 · 5 sections

• § 43900 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…
• § 43901 The legislative body shall give notice of its intention to destroy the bonds by publication of a notice for four successive weeks in the official newspaper of…
• § 43902 The notice shall state: (a) The time and place of the destruction. (b) The reason for the destruction. (c) A general description of the character and amount of…
• § 43903 At the time and place stated in the notice, the legislative body shall publicly destroy the bonds unless at least three days before the designated time,…
• § 43904 No other issue of bonds in place of those destroyed shall be made by the city, unless again authorized by a vote of the people.