California Government Code ARTICLE 15 - Acquisition and Cancellation of Bonds of Consenting Bondholders

• Section 59560.
  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...
• Section 59561.
  Any such proposal or contract may provide such terms of exchange as are agreed upon by the holder and the legislative body and may contain...
• Section 59562.
  When the new bonds or money is delivered to the bondholders, they shall concurrently deliver to the legislative body or its representatives the original bonds...

Last modified: October 22, 2018