ARTICLE 2. The Redemption Fund [9260. - 9263.]

Article 2 added by Stats. 1951, Ch. 463.

§§ 9260–9263 · 4 sections

• § 9260 The treasurer shall keep a redemption fund designated by the name of the bonds, into which he shall place all sums received by him from the collection of the…
• § 9261 A city proceeding under this division may at its discretion temporarily transfer money into the redemption fund from other funds in which such moneys are not…
• § 9262 From the redemption fund the treasurer shall disburse and pay the refunding bonds and the interest due thereon upon presention of the proper bonds and coupons.…
• § 9263 All money in the redemption fund upon the date the statement of the auditor is approved by the legislative body shall be paid to the holders of outstanding…