TITLE 6. DISTRICTS 58000-62262›DIVISION 1. GENERAL 58000-60375.5›CHAPTER 5. Special Assessment and Bond Refunding Law of 1939 59100-59674›ARTICLE 16. Acquisition and Cancellation of Bonds of Nonconsenting Bondholders 59590-59598
§ 59597
California Government Code · 2018-11 edition · updated 2026-10-04 · California
If the proposals or contract with the bondholders so provides, the legislative body may sell all of the new bonds for cash and pay the bondholders in cash at a price to be fixed in the proposals or contract.
(Added by Stats. 1951, Ch. 331.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code