§ 43900
63 words·~1 min read·
/ca/government-code/43900A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.