Section 19530 Of Article 6. Bonds From California Education Code >> Division 1. >> Title 1. >> Part 11. >> Chapter 8. >> Article 6.
19530
. Whenever any bonds issued under this article remain unsold
for the period of six months after having been offered for sale in
the manner prescribed by the supervising board of supervisors, the
board of trustees of the library district for or on account of which
the bonds were issued, or of any library district composed wholly or
partly of territory which, at the time of holding the election
authorizing the issuance of the bonds, was embraced within the
district for or on account of which the bonds were issued, may
petition the supervising board of supervisors to cause the unsold
bonds to be withdrawn from the market and canceled.