§ 43901 Bond Destruction Notice Requirements

• •The government must tell people before they destroy old bonds (like old IOUs).
• •They have to put a notice in the local newspaper for 4 weeks in a row.
• •If the city doesn’t have an official newspaper, they can pick any newspaper that people in the city read.

Imagine your city has old bonds from 50 years ago that no one uses anymore.

Before the city throws them away, they have to put a notice in the newspaper every week for a month to let everyone know. This way, if someone still cares about those old bonds, they can speak up.