Water Code section 9470

Any bonds purchased pursuant to the provisions of this article, may be delivered to the State Treasurer for cancellation and the bonds shall thereupon be canceled by the State Treasurer and after cancellation shall cease to be an indebtedness or obligation of the drainage district and the assessment, or either, for any purpose whatsoever.

Source: Section 9470, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=WAT§ionNum=9470.­ (updated Jan. 1, 1943; accessed Jul. 21, 2025).

Green check means up to date. Up to date

Verified:
Jul. 21, 2025

§ 9470's source at ca​.gov