ARTICLE 2. Exchange

Article 2 added by Stats. 1951, Ch. 336.

§§ 52530–52533 · 4 sections

• § 52530 The board, with the consent of the holders of any or all of the outstanding bonds to be refunded, may direct the county treasurer to deliver to such holders at…
• § 52531 The aggregate principal amount of the refunding bonds delivered to bond holders shall not exceed the aggregate principal amount of the bonds exchanged therefor.
• § 52532 The bonds delivered to the district in exchange for refunding bonds shall be immediately canceled by the county treasurer.
• § 52533 The outstanding bonds may be refunded pursuant to this article with the consent of the holders thereof at any time before or after their final maturity date.