BlackletterCalifornia law

Government Code § 59597

ARTICLE 16. Acquisition and Cancellation of Bonds of Nonconsenting Bondholders

Current as of September 28, 2026Gov. Code, § 59597Official source ↗

Added by Stats. 1951, Ch. 331.

If the proposals or contract with the bondholders so provides, the legislative body may sell all of the new bonds for cash and pay the bondholders in cash at a price to be fixed in the proposals or contract.