The notice of election shall state:
(a) The bonded indebtedness which it is proposed to declare at once due and payable.
(b) The terms of the proposed compromise.
(c) The terms of the proposed judgment by consent in favor of the bondholders.
(d) The proposed method of paying the judgment in installments.
(Added by Stats. 1949, Ch. 79.)
Last modified: October 25, 2018