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 43795.
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 of such bonds and accrued interest to the date of redemption shall be placed in a special fund for that purpose, and interest on such bonds ceases on the redemption date.
(Added by Stats. 1949, Ch. 79.)