California Government Code ARTICLE 16 - Acquisition and Cancellation of Bonds of Nonconsenting Bondholders

  • Section 59590.
    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...
  • Section 59591.
    Any local agency authorized by this chapter to appropriate money to aid in refunding the original bonds of the district may make an advancement, contribution,...
  • Section 59592.
    When any local agency, person, or corporation advances money for the payment or retirement of the original bonds of nonconsenting holders, the legislative body may...
  • Section 59593.
    If the legislative body makes all or part of such advancement it may reimburse the local agency of which it is the legislative body, entirely...
  • Section 59594.
    Any cash collected on reassessments and not required to pay consenting bondholders may also be used to reimburse in whole or in part any local...
  • Section 59595.
    The legislative body may use any other method of raising funds for the payment or retirement of the original bonds of nonconsenting bondholders which will...
  • Section 59596.
    When money is placed in any fund for the retirement or payment of the original bonds of nonconsenting holders it shall be used only for...
  • Section 59597.
    If the proposals or contract with the bondholders so provides, the legislative body may sell all of the new bonds for cash and pay the...
  • Section 59598.
    If the discharge of the original bonds of any nonconsenting holders at less than par has been authorized by any final decree or order confirming...

Last modified: October 22, 2018