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Current as of January 01, 2023 | Updated by FindLaw Staff
The governing body may issue and sell the bonds at not less than their par value. The proceeds of the sale shall be placed in the city treasury to the credit of the proper improvement district fund and shall be applied exclusively to the purposes and objects specified in the resolution calling the election.
Cite this article: FindLaw.com - California Code, Health and Safety Code - HSC § 4623 - last updated January 01, 2023 | https://codes.findlaw.com/ca/health-and-safety-code/hsc-sect-4623/
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