Government Code - GOV
TITLE 4. GOVERNMENT OF CITIES [34000 - 45345]
( Title 4 added by Stats. 1949, Ch. 79. ) DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904]
( Division 4 added by Stats. 1949, Ch. 79. ) CHAPTER 4. Bonds [43600 - 43904]
( Chapter 4 added by Stats. 1949, Ch. 79. ) ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797]
( Article 4 added by Stats. 1949, Ch. 79. ) 43774.
The purchase price of any bonds sold and the accrued interest on them shall be placed in the general improvement fund and may be reinvested in bonds, or, if such reinvestment is not permitted, shall be used to pay principal and interest of the bonds issued pursuant to this article.
(Added by Stats. 1949, Ch. 79.)