DIVISION 11. REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915” 9000-9481›CHAPTER 2. Preliminary Proceedings 9050-9081›ARTICLE 3. Nonconsenting Bondholders 9070-9076

§ 9072

California Streets and Highways Code · 2020-11 edition · updated 2026-10-04 · California

If any person advances money to provide for the payment or retirement of the bonds of nonconsenting holders the legislative body may deliver at par all or any portion of the refunding bonds which are not to be delivered to consenting bondholders to the person making such advance or advances, or may sell at par all or any part of the refunding bonds not to be delivered to consenting bondholders and from the proceeds thereof reimburse such person, and may contract to make such sale or delivery.

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

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California Streets and Highways Code

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