Cal. Sts. & Hy. Code § 35418

Current through the 2023 Legislative Session.
Section 35418 - Elimination or modification

Any provision of the ordinance, resolution, or indenture, except a provision as to the amount or time of payment of principal or interest on the bonds, may be later eliminated or modified by the legislative body, if the holders of not less than sixty percent (60%) of the outstanding bonds have agreed in writing to the elimination or modification.

Ca. Sts. and High. Code § 35418

Amended by Stats. 1955, Ch. 1283.