§ 43737
54 words·~1 min read·
/ca/government-code/43737A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The proceeds from the sale of the bonds shall be applied by the treasurer to the satisfaction of the judgment or the refunding of the indebtedness for which the bonds were issued, or the bonds may be exchanged at their par value for the evidences of indebtedness to be refunded, at their par value.