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

§ 9074

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

Whenever any money is placed in any fund for the retirement or payment of the bonds of nonconsenting holders such money shall be used only for that purpose. After all of the bonds of the nonconsenting holders have been paid or retired any sum remaining in the fund shall be returned to the city or person which advanced the money.

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

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California Streets and Highways Code

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