California Statutes
§ 59590. — 59590. (Added by Stats. 1951, Ch. 331.)
California § 59590.
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. 16.ARTICLE 16. Acquisition and Cancellation of Bonds of Nonconsenting Bondholders
This text of California § 59590. (59590. (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 § 59590. (2026).
Text
If the holders of one or more of the original bonds do not enter any proposal or contract with the legislative body to refund the bonds but the holders of 75 percent or more of the bonds do contract with the legislative body which conducts the proceedings, it may refund all of the bonds pursuant to this chapter. In such event, prior to recording the reassessment, sufficient money to provide adequately for the retirement or payment of the original bonds of the nonconsenting holders shall be set aside in the proper fund for that purpose.
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Legislative History
Added by Stats. 1951, Ch. 331.
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Bluebook (online)
California § 59590., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/59590..