California Government Code ARTICLE 8 - Destruction of Unsold Bonds

• Section 43900.
  The legislative body of any city may destroy any bonds remaining in the possession of the city if:(a) The bonds were voted to be issued for...
• Section 43901.
  The legislative body shall give notice of its intention to destroy the bonds by publication of a notice for four successive weeks in the official...
• Section 43902.
  The notice shall state:(a) The time and place of the destruction.(b) The reason for the destruction.(c) A general description of the character and amount of the bonds.(Added by...
• Section 43903.
  At the time and place stated in the notice, the legislative body shall publicly destroy the bonds unless at least three days before the designated...
• Section 43904.
  No other issue of bonds in place of those destroyed shall be made by the city, unless again authorized by a vote of the people.(Added...

Last modified: October 22, 2018