California Government Code 50668.5 – The local agency shall preserve and protect the security of the bonds …
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The local agency shall preserve and protect the security of the bonds and the rights of the bondholders and shall warrant and defend the rights of the bondholders against all claims and demands of all persons.
(Added by Stats. 1985, Ch. 320, Sec. 2.)
Terms Used In California Government Code 50668.5
- Local agency: means any county, city, or city and county, including a chartered city, or special district, including a school district. See California Government Code 50665.1