§ 43767
48 words·~1 min read·
/ca/government-code/43767A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bonds shall not be sold at less than their par value. They may be exchanged at their par value for the outstanding bonds if the outstanding bonds are taken in exchange at a price not exceeding the maximum purchase price stated in the ordinance calling the election.