Section 43765 Of Article 4. Investment Bond Act Of 1909 From California Government Code >> Division 4. >> Title 4. >> Chapter 4. >> Article 4.

. If the bonds are to be issued to acquire outstanding bonds, the ordinance shall state generally:
  (a) What bonds are to be purchased or acquired.
  (b) The total principal amount of such bonds.
  (c) The maximum purchase price proposed to be paid for them. The maximum purchase price shall not exceed the amount stated.