Section 36212 Of Article 4. Destruction And Redemption Of Bonds From California Water Code >> Division 13. >> Part 6. >> Chapter 3. >> Article 4.

. If at the time the vote cast at the election is canvassed a two-thirds majority of the votes cast upon the proposition favors the destruction of the unsold general obligation bonds, the president, in the presence of a majority of the members of the board, shall destroy the bonds.