Statute · California Streets and Highways Code

Cal. Sts. & High. Code § 9061 — Consent of Bondholders

Cal. Sts. & High. Code § 9061

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

If the owners of 75 percent or more of the principal amount of the outstanding bonds of any issue join in the contract or contracts, the city may proceed under this division to refund all of the bonds of that issue.

Citator

Cal. Sts. & High. Code § 9061 — Consent of Bondholders is in force in the current edition of the Code, and nothing recorded condemns it.

If the owners of 75 percent or more of the principal amount of the outstanding bonds of any issue join in the contract or contracts, the city may proceed under this division to refund all of the bonds of that issue.