{"code":"GOV","codeName":"Government Code","section":"43850","citation":"Gov. Code, § 43850","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 4. GOVERNMENT OF CITIES [34000. - 45345.]","url":"https://blackletter.si/government-code/title-4"},{"name":"DIVISION 4. FINANCIAL PROVISIONS [43000. - 43904.]","url":"https://blackletter.si/government-code/title-4/division-4"},{"name":"CHAPTER 4. Bonds [43600. - 43904.]","url":"https://blackletter.si/government-code/title-4/division-4/chapter-4"},{"name":"ARTICLE 6. Compromise [43850. - 43860.]","url":"https://blackletter.si/government-code/title-4/division-4/chapter-4/article-6"}],"history":"Added by Stats. 1949, Ch. 79.","effective":null,"html":"<p>Whenever a city has an outstanding indebtedness evidenced by bonds the legislative body may submit to the electors of the city, at any election held for that purpose, a proposition:</p><p>(a) Declaring all or any of the bonds to be at once due and payable.</p><p>(b) Compromising the bonded indebtedness.</p><p>(c) Consenting to a judgment in favor of the bondholders.</p><p>(d) Providing for the payment of such judgment in installments.</p>","text":"Whenever a city has an outstanding indebtedness evidenced by bonds the legislative body may submit to the electors of the city, at any election held for that purpose, a proposition: (a) Declaring all or any of the bonds to be at once due and payable. (b) Compromising the bonded indebtedness. (c) Consenting to a judgment in favor of the bondholders. (d) Providing for the payment of such judgment in installments.","otherVersions":[],"url":"https://blackletter.si/government-code/compromise-43850","source":"California Legislative Information bulk export (pubinfo)"}