§ 6800
73 words·~1 min read·
/ca/health-and-safety-code/6800A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding the provisions of any other section of this article, the board may, out of any surplus funds remaining in the bond fund, the running expense fund or the sewer construction fund, purchase in the open market its outstanding unmatured bonds.
No bonds shall be purchased at a price above par and accrued interest plus an allowance of six months interest from the date of purchase. All bonds so purchased shall be canceled.