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Earlier editions: 2020-112018-112026-09

DIVISION 11. REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915” 9000-9481›CHAPTER 12. Advance Retirement of Bonds 9450-9456

§ 9450

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

Whenever there is in the redemption fund two thousand dollars ($2,000) or more available for the payment of principal of bonds, and not collected for the purpose of paying the principal of bonds maturing on the next second day of July, the city shall purchase or call bonds as provided in this chapter.

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

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California Streets and Highways Code

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