Cal. Gov. Code § 53606

Current through the 2023 Legislative Session.

Section 53606 - Cancellation of bonds in satisfaction of sinking fund obligations or otherwise

The bonds purchased, which were issued by the purchaser, may be canceled either in satisfaction or sinking fund obligations or otherwise. When canceled, they are no longer outstanding, unless in its discretion, the legislative body holds then uncanceled. While held uncanceled, the bonds may be resold.

Ca. Gov. Code § 53606

Added by Stats. 1949, Ch. 81.