SECTIONS 53920-53921 - California Statutes

GOVERNMENT CODE

SECTION 53920-53921

53920. As used in this article:
(a) "Local agency" means city, county, or other public or
municipal corporation.
(b) "Fiscal agent" means any bank within or without the State
which is authorized to pay the principal and interest of bonds of any
local agency.

53921. Under such conditions as the treasurer of a local agency
fixes, with the approval of the legislative body, he, or fiscal
agents, or other duly authorized agents, may destroy or cremate any
or all bonds and any or all coupons pertaining thereto which have
been previously paid or canceled.