California Streets and Highways Code 9074 – Whenever any money is placed in any fund for the retirement or …
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Whenever any money is placed in any fund for the retirement or payment of the bonds of nonconsenting holders such money shall be used only for that purpose. After all of the bonds of the nonconsenting holders have been paid or retired any sum remaining in the fund shall be returned to the city or person which advanced the money.
(Added by Stats. 1951, Ch. 463.)
Terms Used In California Streets and Highways Code 9074
- City: includes "city and county" and "incorporated town. See California Streets and Highways Code 15
- Person: means any person, firm, partnership, association, corporation, organization, limited liability company, or business trust. See California Streets and Highways Code 19