Section 29975 Of Article 3. Special Improvement Bonds From California Government Code >> Division 3. >> Title 3. >> Chapter 6. >> Article 3.

. 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 the bonds and accrued interest to the date of redemption shall be placed in a special fund for that purpose, and interest on the bonds for which provision is made shall cease on the redemption date.