BlackletterCalifornia law

Streets and Highways Code § 35418

CHAPTER 3. Bonds, Acquisitions and Improvements

Current as of September 28, 2026Sts. & Hy. Code, § 35418Official source ↗

Amended by Stats. 1955, Ch. 1283.

Any provision of the ordinance, resolution, or indenture, except a provision as to the amount or time of payment of principal or interest on the bonds, may be later eliminated or modified by the legislative body, if the holders of not less than sixty percent (60%) of the outstanding bonds have agreed in writing to the elimination or modification.