Statute · California Government Code
Cal. Gov't Code § 43850 — Compromise
Cal. Gov't Code § 43850
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Whenever a city has an outstanding indebtedness evidenced by bonds the legislative body may submit to the electors of the city, at any election held for that purpose, a proposition:
Citator
Cal. Gov't Code § 43850 — Compromise is in force in the current edition of the Code, and nothing recorded condemns it.
Whenever a city has an outstanding indebtedness evidenced by bonds the legislative body may submit to the electors of the city, at any election held for that purpose, a proposition:
(a) Declaring all or any of the bonds to be at once due and payable.
(b) Compromising the bonded indebtedness.
(c) Consenting to a judgment in favor of the bondholders.
(d) Providing for the payment of such judgment in installments.