California Government Code 43781 – When the legislative body of any city has acquired any district bonds …
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When the legislative body of any city has acquired any district bonds pursuant to this article, it may, as an alternative to the procedure prescribed in Sections 43775 to 43780, inclusive, cancel all or any of such district bonds, if in its opinion the public interest and welfare will be better served by such cancellation than by enforcing the lien securing the bonds.
(Added by Stats. 1949, Ch. 79.)
Terms Used In California Government Code 43781
- City: includes "city and county" and "incorporated town" but does not include "unincorporated town" or "village. See California Government Code 20
- legislative body: means board of trustees, city council, or other governing body of a city. See California Government Code 34000
- Lien: A claim against real or personal property in satisfaction of a debt.