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

California Statutes

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

California·Code SHC Streets 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

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.

California § 6468.4. (6468.4. (Added by Stats. 1969, Ch. 770.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.