California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 4. GOVERNMENT OF CITIES |
Division 4. FINANCIAL PROVISIONS |
Chapter 4. Bonds |
ARTICLE 4. Investment Bond Act of 1909 |
Section 43779.
Latest version.
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If the bonds canceled are issued under the Improvement Bond Act of 1915, the legislative body shall reduce the principal amount of the assessments securing the bonds to the total principal amount of the unpaid and uncanceled bonds of the same issue.
(Added by Stats. 1949, Ch. 79.)