ARTICLE 3. Nonconsenting Bondholders

Article 3 added by Stats. 1951, Ch. 463.

§§ 9070–9076 · 7 sections

• § 9070 In the event that the holders of one or more of the outstanding bonds do not enter any contract to refund the same, nevertheless, if the holders of 75 percent…
• § 9071 The city which is conducting the refunding proceedings may make an advancement or contribution or an additional contribution in order to provide money to pay…
• § 9072 If any person advances money to provide for the payment or retirement of the bonds of nonconsenting holders the legislative body may deliver at par all or any…
• § 9073 Any other methods of raising funds for the payment or retirement of the bonds of nonconsenting holders which will, prior to the time the assessment is recorded…
• § 9074 Whenever any money is placed in any fund for the retirement or payment of the bonds of nonconsenting holders such money shall be used only for that purpose.…
• § 9075 In the event that the discharge of the bonds of any nonconsenting holders at less than the par value thereof has been authorized by any final decree or order…
• § 9076 The reassessment shall not be recorded until adequate provision has been made in accordance with the terms of this article for the payment or retirement of…