CHAPTER 12. Advance Retirement of Bonds

Chapter 12 added by Stats. 1951, Ch. 463.

§§ 9450–9456 · 7 sections

• § 9450 Whenever there is in the redemption fund two thousand dollars ($2,000) or more available for the payment of principal of bonds, and not collected for the…
• § 9451 The treasurer shall, by notice published once not less than 30 days prior to the date designated in some financial journal having a national circulation,…
• § 9452 The proposals for the sale of bonds shall be opened in public at the time and place specified in the notice. The legislative body in its discretion may reject…
• § 9453 If no proposals are received at a price of less than par and accrued interest, or if an insufficient amount of bonds are tendered at less than par and accrued…
• § 9454 Notice of the calling of bonds for redemption shall be given by publication once in a financial journal having a national circulation, unless the holders of…
• § 9455 All refunding bonds so purchased or redeemed pursuant to call shall be canceled by the treasurer.
• § 9456 All costs of publication provided for in this chapter shall be payable from the redemption fund.