53400-53401

GOVERNMENT CODE
SECTION 53400-53401




53400.  A county, city, district, or political subdivision may sell
any of its bonds, authorized by the electors and unsold, at a price
which will net the purchaser not more than 8 percent a year, payable
semiannually, on the par value of the bonds.



53401.  This article does not apply to bonds authorized under a law
permitting their sale at a price netting the purchaser more than 6
percent.