California § 6468.4. 6468.4. (Added by Stats. 1969, Ch. 770.)

California Statutes

§ 6468.4. — 6468.4. (Added by Stats. 1969, Ch. 770.)

California § 6468.4.

JurisdictionCalifornia

Code SHCStreets and Highways Code - SHC

Div. 7.DIVISION 7. THE IMPROVEMENT ACT OF 1911

Part 5.PART 5. IMPROVEMENT BONDS

Ch. 4.5.CHAPTER 4.5. Issuance of Bonds to Represent Unpaid Assessments Against Publicly Owned Property

This text of California § 6468.4. (6468.4. (Added by Stats. 1969, Ch. 770.)) 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.

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Cal. Streets and Highways Code - SHC Code § 6468.4. (2026).

Text

The treasurer shall keep a separate redemption fund, properly designated, into which he shall place all sums received by him from the collection of the assessments against public property for bonds issued under the provisions of this chapter and for interest and penalties thereon and from which fund he shall disburse and pay the bonds and the interest due thereon upon presentation of the proper bonds and coupons. Under no circumstances shall the bonds or the interest thereon be paid out of any other fund.

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The treasurer shall keep a separate redemption fund, properly designated, into which he shall place all sums received by him from the collection of the assessments against public property for bonds issued under the provisions of this chapter and for interest and penalties thereon and from which fund he shall disburse and pay the bonds and the interest due thereon upon presentation of the proper bonds and coupons. Under no circumstances shall the bonds or the interest thereon be paid out of any other fund.