GroundRules
GOV § 43900
Where this section sits in the code
- Government Code - GOV
- TITLE 4. GOVERNMENT OF CITIES [34000. - 45345.]
- DIVISION 4. FINANCIAL PROVISIONS [43000. - 43904.]
- CHAPTER 4. Bonds [43600. - 43904.]
- ARTICLE 8. Destruction of Unsold Bonds [43900. - 43904.]
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 purposes.
(b) The bonds have been executed but not sold and disposed of.
(c) The sale and disposal of the bonds is deemed by the legislative body to have become inexpedient, and their destruction desirable.
Collected 2026-09-14T05:56:33Z. Source file · JSON