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When any bonds issued hereunder are to be sold, they may be sold by the Board as it shall determine. The proceeds of such sale shall be placed in the City Treasury to the credit of the fund for which they had been issued, and shall be applied exclusively to the purposes and objects thereof.
(Added by Ord. 225-81, App. 5/5/81)
Bonds may be registered against theft as provided in Chapter 1 (commencing with Section 50,000), Division 6, Part 7, Title 1, or Article 7 (commencing with Section 43,880), Chapter 4, Division 4, Part 3, Title 4, of the Government Code, or as otherwise provided in the resolution authorizing their issuance.
(Added by Ord. 225-81, App. 5/5/81)
Bonds which have been mutilated or defaced or which have been lost or destroyed may be replaced as provided, respectively, in Article 2 (commencing with Section 53430) or Article 3 (commencing with Section 53460), Chapter 3, Part 1, Division 2, Title 4 of the Government Code, or as provided in the resolution authorizing their issuance.
(Added by Ord. 225-81, App. 5/5/81)
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