DIVISION 5. Public Banks 57600-57607›CHAPTER 4. District Indebtedness 58950›ARTICLE 15. Acquisition and Cancellation of Bonds of Consenting Bondholders 59560-59562

§ 59562

California Government Code · 2026-09 edition · updated 2026-09-27 · California

When the new bonds or money is delivered to the bondholders, they shall concurrently deliver to the legislative body or its representatives the original bonds which are refunded and all outstanding unpaid interest coupons, constituting the entire indebtedness of the district, which shall immediately be canceled.

(Added by Stats. 1951, Ch. 331.)

Retrieved: 2026-09-24T17:57:10.684495+00:00

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California Government Code

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