Cal. Gov. Code § 59560

Current through the 2023 Legislative Session.
Section 59560 - Payment to holders of original bonds

If the holders of all of the original bonds agree to refund them as proposed in the refunding proceeding, all new refunding bonds, all money collected on the reassessments levied in the refunding proceeding, and any public contributions after payment of the incidental expenses, shall be paid and delivered to them, in the amounts and proportions fixed by the proposals or other contract with bondholders.

Ca. Gov. Code § 59560

Added by Stats. 1951, Ch. 331.