Investment Bond Act of 1909
Known as the Investment Bond Act
The act spans §§ 43760–43797 (38 sections).
Added by Stats. 1949, Ch. 79.
If the bonds are to be issued to acquire outstanding bonds, the ordinance shall state generally:
(a) What bonds are to be purchased or acquired.
(b) The total principal amount of such bonds.
(c) The maximum purchase price proposed to be paid for them. The maximum purchase price shall not exceed the amount stated.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.