Section 43784 Of Article 4. Investment Bond Act Of 1909 From California Government Code >> Division 4. >> Title 4. >> Chapter 4. >> Article 4.
43784
. The legislative body may sell any district bonds acquired
from money in the general improvement fund to any property owner at
such price as it determines, to enable him to use the bonds upon
redemption of any property subject to assessment for the payment of
such bonds. Such sale shall not be made unless the property owner
simultaneously redeems the property and reinstates it upon the
assessment rolls of the city free and clear of all unpaid liens and
assessments, other than the lien for current city taxes not yet due
and payable.