ARTICLE 5. Cancellation

Article 5 added by Stats. 1951, Ch. 336.

§§ 52280–52285 · 6 sections

• § 52280 The board, by an order entered in its minutes, may cancel all proceedings taken in connection with bonds remaining unsold one year after they are delivered to…
• § 52281 A certified copy of the order shall be filed with the county treasurer of each county wherein lands affected by the assessment on which the bonds were based…
• § 52282 Upon receipt of the order, the county treasurer to whom the unsold bonds have been delivered shall cancel the unsold bonds and all coupons attached thereto.
• § 52283 Cancellation of unsold or unissued bonds shall not affect the validity of the assessment upon which the bonds were issued, and the board may call for the…
• § 52284 When a portion of any bond issue is canceled, the board shall call the portion of the assessment securing the canceled bonds, in such installment or…
• § 52285 Calls of assessments pursuant to Section 52284 shall be limited to amounts which will leave uncalled a sufficient portion of the assessment to pay principal…