Section 22811 Of Article 4. Cancellation Of Unsold Bonds From California Public Utilities Code >> Division 9. >> Part 2. >> Chapter 5. >> Article 4.
22811
. If any bonds remain unsold for six months after having been
offered for sale, the board of directors of the district for which
the bonds were issued or of a district containing any territory which
at the time of the bond election was embraced within the district
for which the bonds were issued, may petition the board of
supervisors to cause the unsold bonds to be withdrawn from the market
and canceled.