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3.24.150 - Revenue bonds—Purchase.

Part of the Code of Ordinances of Commerce, CA.

Local law · Updated May 13, 2025 · 2,277 sections

The text

The city shall have the power out of any funds available therefor to purchase its revenue bonds. The city may hold, pledge, cancel, or resell such revenue bonds, subject to and in accordance with agreements with the bondholders.

(Ord. 301 §6(J), 1981).