Statute · California Government Code
Cal. Gov't Code § 43793 — Investment Bond Act of 1909
Cal. Gov't Code § 43793
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Gov't Code § 43793 — Investment Bond Act of 1909 is in force in the current edition of the Code, and nothing recorded condemns it.
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.