Section 52601 Of Article 5. Cancellation From California Water Code >> Division 15. >> Part 8. >> Chapter 3. >> Article 5.
52601
. If, upon the expiration of one year after an issue of
refunding bonds, heretofore or hereafter issued was deposited with
the county treasurer, all or part of the refunding bonds are unsold
or unexchanged, the board, by an order entered in its minutes, may
cancel all proceedings taken in connection with the unsold or
unexchanged refunding bonds as provided in Article 5, Chapter 2 of
this part.