ARTICLE 1. Unsold Bonds

Article 1 added by Stats. 1949, Ch. 81.

§§ 53400–53401 · 2 sections

• § 53400 A county, city, district, or political subdivision may sell any of its bonds, authorized by the electors and unsold, at a price which will net the purchaser…
• § 53401 This article does not apply to bonds authorized under a law permitting their sale at a price netting the purchaser more than 6 percent.