Statute · California Streets and Highways Code

Cal. Sts. & High. Code § 35418 — Bonds, Acquisitions and Improvements

Cal. Sts. & High. Code § 35418

Type: Statute
Source: California Streets and Highways Code
Jurisdiction: California
Current through: Nov 2, 2026 (California Legislative Counsel)

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…

Citator

Cal. Sts. & High. Code § 35418 — Bonds, Acquisitions and Improvements is in force in the current edition of the Code, and nothing recorded condemns it.

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.