California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 3. GOVERNMENT OF COUNTIES |
Division 3. FINANCIAL PROVISIONS |
Chapter 6. Bonds |
ARTICLE 3. Special Improvement Bonds |
Section 29975.
Latest version.
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If any bonds called are not presented for redemption on the date fixed, on the day following a sum sufficient for the payment of the principal the bonds and accrued interest to the date of redemption shall be placed in a special fund for that purpose, and interest on the bonds for which provision is made shall cease on the redemption date.
(Added by Stats. 1947, Ch. 424.)