California Streets and Highways Code 9061 – If the owners of 75 percent or more of the principal amount of the …
Current as of: 2024 | Check for updates
|
Other versions
If the owners of 75 percent or more of the principal amount of the outstanding bonds of any issue join in the contract or contracts, the city may proceed under this division to refund all of the bonds of that issue.
(Added by Stats. 1951, Ch. 463.)
Terms Used In California Streets and Highways Code 9061
- City: includes "city and county" and "incorporated town. See California Streets and Highways Code 15
- Contract: A legal written agreement that becomes binding when signed.