Whenever a district has any of its unsold general obligation bonds which it is not necessary to sell for the purpose of raising funds, the board may, at a general election, or at a special election called for the purpose, submit the proposition of whether or not the bonds should be destroyed.
Cal. Water Code § 36210
Destruction and Redemption of Bonds
Known as the California Water District Law
The act spans §§ 34000–38501 (855 sections).
Added by Stats. 1951, Ch. 390.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.