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Legal Resources | Government Code |  GC  53391  

Community Rehabilitation District Law; Senior Obligation Bonds   

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If any member of the legislative body whose signature appears on bonds ceases to be a member of the legislative body before delivery of the bonds, his or her signature is as effective as if he or she had remained in office. Bonds issued pursuant to this chapter are fully negotiable.

(Added by Stats. 1985, Ch. 906, Sec. 1.)