CHAPTER 2. Protection of Bond Guarantors

Chapter 2 enacted by Stats. 1943, Ch. 134.

§§ 5100–5108 · 9 sections

• § 5100 This chapter shall be liberally construed to the end that the purpose hereof may be made effective.
• § 5101 As used in this chapter, “bonds” means State, county, municipal, or other public corporation or district bonds.
• § 5102 As used in this chapter, “guarantor” means the person or persons guaranteeing the payment of bonds, the repurchase thereof, or the payment or repurchase of any…
• § 5103 As used in this chapter, “issuing body” means the State, any subdivision thereof, municipality, public corporation, or district.
• § 5104 As used in this chapter, “order” means declaration, proclamation, or order of any officer or court having jurisdiction to make the declaration, proclamation,…
• § 5105 Whenever by operation of law or by order the bonded indebtedness of any issuing body is reduced in amount, the interest thereon reduced, the time for the…
• § 5106 Whenever by operation of law or by order any issuing body defaults in the payment of its bonded indebtedness, the obligations of guarantors shall be extended…
• § 5107 The relief of guarantors is limited to the extent of defaults in principal, interest, or both principal and interest of the bonds guaranteed.
• § 5108 If the guarantors function in the capacity of trustee or if the custody of the bonds is in the possession of a trustee, and administered by the trustee, he…