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2021 California Code
Streets and Highways Code - SHC
DIVISION 11 - REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915”
CHAPTER 2 - Preliminary Proceedings
ARTICLE 3 - Nonconsenting Bondholders
Section 9071.
Universal Citation: CA St & Hwy Code § 9071 (2021)
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 or retire the bonds of the nonconsenting holders. In the event the city makes all or any part of such advancement it may reimburse itself entirely or partially by taking all or any part of the refunding bonds at par.
(Added by Stats. 1951, Ch. 463.)
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