DIVISION 11. REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915” 9000-9481›CHAPTER 9. Sale for Delinquency 9300-9318›ARTICLE 1. General Provisions 9300-9308
§ 9300
California Streets and Highways Code · 2026-09 edition · updated 2026-10-03 · California
Upon default in payment of any installment of a reassessment, or interest or penalties thereon, the lands securing the reassessments shall be sold in the same manner in which real property in the city is sold for the nonpayment of general taxes, and shall be subject to redemption within one year from date of sale in the same manner as such real property is redeemed from such delinquent sale, and upon failure of such redemption shall in like manner pass to the purchaser.
(Added by Stats. 1951, Ch. 463.)
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