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TITLE 4. GOVERNMENT OF CITIES 34000-45345›DIVISION 4. FINANCIAL PROVISIONS 43000-43904›CHAPTER 4. Bonds 43600-43904›ARTICLE 4. Investment Bond Act of 1909 43760-43797

§ 43793

California Government Code · 2018-11 edition · updated 2026-10-04 · California

A proposal shall not be accepted unless the sale price is less than par and accrued interest. If no proposals are received, or if those received are rejected or are insufficient to exhaust the money available for the redemption of bonds, the legislative body shall call in numerical order such outstanding bonds as can be redeemed from the money available for that purpose.

(Added by Stats. 1949, Ch. 79.)

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California Government Code

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