Statute · California Streets and Highways Code

Cal. Sts. & High. Code § 9071 — Nonconsenting Bondholders

Cal. Sts. & High. Code § 9071

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

The city which is conducting the refunding proceedings may make an advancement or contribution or an additional contribution in order to provide money to pay or retire the bonds of the nonconsenting holders. In the event the city makes all or any part of such advancement it may reimburse itself…

Citator

Cal. Sts. & High. Code § 9071 — Nonconsenting Bondholders is in force in the current edition of the Code, and nothing recorded condemns it.

The city which is conducting the refunding proceedings may make an advancement or contribution or an additional contribution in order to provide money to pay or retire the bonds of the nonconsenting holders. In the event the city makes all or any part of such advancement it may reimburse itself entirely or partially by taking all or any part of the refunding bonds at par.