California Government Code Section 53606
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California Laws > Government Code > California Government Code Section 53606
53606. 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.
Section: 53606
Last modified: February 22, 2013
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