DIVISION 11. REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915” 9000-9481›CHAPTER 4. Election of Landowners to Pay Original Assessment 9160-9165

§ 9162

California Streets and Highways Code · 2018-11 edition · updated 2026-10-04 · California

Outstanding bonds payable serially as the assessments are payable, and in principal amount equal to the principal of the assessments included in written notices given pursuant to this chapter shall not be canceled in the refunding proceeding but, with interest, shall be payable as provided in the original proceedings.

(Added by Stats. 1951, Ch. 463.)

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California Streets and Highways Code

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