California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 5. LOCAL AGENCIES |
Division 1. CITIES AND COUNTIES |
Part 1. POWERS AND DUTIES COMMON TO CITIES AND COUNTIES |
Chapter 3. Bonds |
ARTICLE 2. Registration of Bonds |
Section 50632.
Latest version.
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If the registered bonds and coupons are not presented for payment within thirty days from mailing of the notice the treasurer shall apply the fund set aside to the payment of the unpaid registered bonds and coupons next in order, until all registered bonds and coupons have been called.
(Added by Stats. 1949, Ch. 81.)