Statute · California Government Code
Cal. Gov't Code § 59562 — Acquisition and Cancellation of Bonds of Consenting Bondholders
Cal. Gov't Code § 59562
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
When the new bonds or money is delivered to the bondholders, they shall concurrently deliver to the legislative body or its representatives the original bonds which are refunded and all outstanding unpaid interest coupons, constituting the entire indebtedness of the district, which shall…
Citator
Cal. Gov't Code § 59562 — Acquisition and Cancellation of Bonds of Consenting Bondholders is in force in the current edition of the Code, and nothing recorded condemns it.
When the new bonds or money is delivered to the bondholders, they shall concurrently deliver to the legislative body or its representatives the original bonds which are refunded and all outstanding unpaid interest coupons, constituting the entire indebtedness of the district, which shall immediately be canceled.