Section 24507 Of Article 2. Payment And Purchase Of Bonds From California Water Code >> Division 11. >> Part 8. >> Chapter 3. >> Article 2.

. Bonds so purchased may be canceled or held as a part of the district assets until the board determines that it is for the best interests of the district that the bonds or any of them be sold. Bonds not resold prior to the date of their maturity shall be canceled.