RS 39:1272
60 words·~1 min read·
/la/title-39/39-128A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 39:1272
§1272. Securities purchased may be cashed
The political subdivision may also, at any time that may be deemed advisable, cash and liquidate any or all of the bonds, notes or certificates purchased for any particular fund, and the proceeds of the liquidation shall be credited to the fund from which the bonds, notes or certificates were originally purchased.