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DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 1. GENERAL 36501-36525›CHAPTER 7. City Attorney 41801-41805›ARTICLE 4. Investment Bond Act of 1909 43760-43797

§ 43781

California Government Code · 2026-09 edition · updated 2026-09-27 · California

When the legislative body of any city has acquired any district bonds pursuant to this article, it may, as an alternative to the procedure prescribed in Sections 43775 to 43780, inclusive, cancel all or any of such district bonds, if in its opinion the public interest and welfare will be better served by such cancellation than by enforcing the lien securing the bonds.

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

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California Government Code

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