ARTICLE 2. Consent of Bondholders

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

§§ 9055–9061 · 7 sections

• § 9055 The legislative body may enter into a written contract or contracts with the owner or owners of such bonds and provide therein for the cancellation of the…
• § 9056 When any bond is presented by any person to the legislative body for refunding, such person shall be deemed the owner thereof, and the legislative body may…
• § 9057 The contract or contracts shall determine the terms and conditions upon which the outstanding bonds shall be exchanged for the refunding bonds.
• § 9058 The bonds to be refunded may be deposited with the city treasurer or with any duly incorporated bank or trust company doing business in the State, which shall…
• § 9059 The State of California or any city, county, or other political subdivision or public corporation, owning any bonds which might be refunded under the…
• § 9060 The city may at any time prior to the actual issuance and exchange of the refunding bonds make additional contracts with any owners of bonds for the surrender…
• § 9061 If the owners of 75 percent or more of the principal amount of the outstanding bonds of any issue join in the contract or contracts, the city may proceed under…