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Section 43782 Of Article 4. Investment Bond Act Of 1909 From California Government Code >> Division 4. >> Title 4. >> Chapter 4. >> Article 4.
43782
. Before ordering the cancellation, by ordinance the
legislative body shall:
(a) Determine that the public interest and welfare will be best served by the cancellation of all or part of the principal and interest of the bonds.
(b) Designate the issue of bonds to be canceled or the principal amount, numbers, and denominations of the bonds proposed to be canceled, if less than all.
(c) Fix the time and place of the proposed cancellation. The ordinance is subject to referendum as other ordinances of the city.
(a) Determine that the public interest and welfare will be best served by the cancellation of all or part of the principal and interest of the bonds.
(b) Designate the issue of bonds to be canceled or the principal amount, numbers, and denominations of the bonds proposed to be canceled, if less than all.
(c) Fix the time and place of the proposed cancellation. The ordinance is subject to referendum as other ordinances of the city.
