Section 43900.
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 municipal purposes. (b) The bonds have been executed but not sold and disposed of. (c) The sale and disposal of the bonds is deemed by the legislative body to have […]
Section 43853.
43853. The question shall be voted upon as an entirety. If two-thirds of the electors vote in favor of it, by ordinance the legislative body shall declare the bonds described in the notice due and payable. (Added by Stats. 1949, Ch. 79.)
Section 43901.
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 newspaper of the city, if there is one, or if there is none, in any newspaper designated by the legislative body published and circulated in the city. (Added by […]
Section 43854.
43854. The legislative body shall carry the compromise into effect and consent to the judgment specified in the notice of election and the proposed method of paying the judgment in installments. By resolution, it shall designate the officers and attorneys to sign the necessary documents. (Added by Stats. 1949, Ch. 79.)
Section 43902.
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 Stats. 1949, Ch. 79.)
Section 43855.
43855. It shall provide for the collection of an annual tax sufficient to pay the interest on the judgment as it falls due and such portion of the principal as is designated in the notice of election. (Added by Stats. 1949, Ch. 79.)
Section 43903.
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 time, written objections to the destruction are filed with the city clerk, signed by a majority of the city voters as shown by the vote cast at the last […]
Section 43856.
43856. The rights of any nonconsenting holder of bonds specified in the notice are not affected by the proceedings. (Added by Stats. 1949, Ch. 79.)
Section 43904.
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 by Stats. 1949, Ch. 79.)
Section 43857.
43857. In any action brought upon any of the bonds described in the notice, the judgment of a court of competent jurisdiction is conclusive as to the regularity of all proceedings taken. (Added by Stats. 1949, Ch. 79.)