§ 52754
69 words·~1 min read·
/ca/water-code/52754A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If no bids are received, or if the bids accepted are not sufficient to exhaust the money available for the purchase of outstanding bonds or refunding bonds, the county treasurer may, with the written assent of at least two members of the board, purchase at private sale with available money in the sinking fund, any of the refunding bonds for the payment of which the sinking fund was created.