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TITLE 4. GOVERNMENT OF CITIES 34000-45345›DIVISION 4. FINANCIAL PROVISIONS 43000-43904›CHAPTER 4. Bonds 43600-43904›ARTICLE 8. Destruction of Unsold Bonds 43900-43904

§ 43900

California Government Code · 2026-09 edition · updated 2026-10-03 · California

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.

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

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California Government Code

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