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Earlier editions: 2026-09+staging

DIVISION 5. Public Banks 57600-57607›CHAPTER 4. District Indebtedness 58950›ARTICLE 16. Acquisition and Cancellation of Bonds of Nonconsenting Bondholders 59590-59598

§ 59597

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

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California Government Code

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