California § 59560. 59560. (Added by Stats. 1951, Ch. 331.)

California Statutes

§ 59560. — 59560. (Added by Stats. 1951, Ch. 331.)

California § 59560.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.1.

Title 6.DIVISION 1. GENERAL

Ch. 5.CHAPTER 5. Special Assessment and Bond Refunding Law of 1939

Art. 15.ARTICLE 15. Acquisition and Cancellation of Bonds of Consenting Bondholders

This text of California § 59560. (59560. (Added by Stats. 1951, Ch. 331.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 59560. (2026).

Text

If the holders of all of the original bonds agree to refund them as proposed in the refunding proceeding, all new refunding bonds, all money collected on the reassessments levied in the refunding proceeding, and any public contributions after payment of the incidental expenses, shall be paid and delivered to them, in the amounts and proportions fixed by the proposals or other contract with bondholders.

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If the holders of all of the original bonds agree to refund them as proposed in the refunding proceeding, all new refunding bonds, all money collected on the reassessments levied in the refunding proceeding, and any public contributions after payment of the incidental expenses, shall be paid and delivered to them, in the amounts and proportions fixed by the proposals or other contract with bondholders.

Legislative History

Added by Stats. 1951, Ch. 331.

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California § 59560., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/59560..