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DIVISION 17. TOLL FACILITIES AND RELATED MATTERS 30000-31490›CHAPTER 5. El Dorado County Toll Tunnel Authority Act 31100-31246›ARTICLE 4. Bonds 31140-31175

§ 31160

California Streets and Highways Code · 2026-09 edition · updated 2026-10-03 · California

Out of the proceeds derived from the sale of any such additional bonds there shall be set aside an amount of money sufficient to retire such outstanding bonds as may be thereafter presented for payment. Bonds of the new authorized issue may be delivered in part in exchange for a like principal amount of outstanding bonds of the original issue if the holders of the outstanding bonds to be exchanged consent thereto.

(Added by Stats. 1968, Ch. 923.)

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California Streets and Highways Code

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