Statute · California Public Utilities Code
Cal. Pub. Util. Code § 31005 — Provisions Relating to the Los Angeles Metropolitan Transit Authority
Cal. Pub. Util. Code § 31005
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Whenever the board deems it necessary, it may issue bonds to refund all outstanding, unmatured bonds of the authority which are subject to call and redemption prior to maturity. The amount of such bonds shall include the principal and, if necessary, the interest of the bonds to be refunded, the…
Citator
Cal. Pub. Util. Code § 31005 — Provisions Relating to the Los Angeles Metropolitan Transit Authority is in force in the current edition of the Code, and nothing recorded condemns it.
Whenever the board deems it necessary, it may issue bonds to refund all outstanding, unmatured bonds of the authority which are subject to call and redemption prior to maturity. The amount of such bonds shall include the principal and, if necessary, the interest of the bonds to be refunded, the premiums payable upon call and redemption thereof and all expenses of the trustee for the refunding, the calling of said bonds for redemption and any other incidental expenses. The refunding bonds shall be authorized and issued in the manner provided for herein as a separate issue or as a part of another issue for any purpose authorized in this part.