ARTICLE 15. Acquisition and Cancellation of Bonds of Consenting Bondholders

Article 15 added by Stats. 1951, Ch. 331.

§§ 59560–59562 · 3 sections

• § 59560 If the holders of all of the original bonds agree to refund them as proposed in the refunding proceeding, all new refunding bonds, all money collected on the…
• § 59561 Any such proposal or contract may provide such terms of exchange as are agreed upon by the holder and the legislative body and may contain terms relating to…
• § 59562 When the new bonds or money is delivered to the bondholders, they shall concurrently deliver to the legislative body or its representatives the original bonds…