Statute · California Government Code

Cal. Gov't Code § 43782 — Investment Bond Act of 1909

Cal. Gov't Code § 43782

Type: Statute
Source: California Government Code
Jurisdiction: California
Current through: Nov 2, 2026 (California Legislative Counsel)

Before ordering the cancellation, by ordinance the legislative body shall:

Citator

Cal. Gov't Code § 43782 — Investment Bond Act of 1909 is in force in the current edition of the Code, and nothing recorded condemns it.

Before ordering the cancellation, by ordinance the legislative body shall:

(a) Determine that the public interest and welfare will be best served by the cancellation of all or part of the principal and interest of the bonds.

(b) Designate the issue of bonds to be canceled or the principal amount, numbers, and denominations of the bonds proposed to be canceled, if less than all.

(c) Fix the time and place of the proposed cancellation. The ordinance is subject to referendum as other ordinances of the city.