California Government Code ARTICLE 6 - Compromise

• Section 43850.
  Whenever a city has an outstanding indebtedness evidenced by bonds the legislative body may submit to the electors of the city, at any election held...
• Section 43851.
  The election shall be called and held in the same manner as other elections in the city.(Added by Stats. 1949, Ch. 79.)
• Section 43852.
  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...
• Section 43853.
  The question shall be voted upon as an entirety. If two-thirds of the electors vote in favor of it, by ordinance the legislative body shall...
• Section 43854.
  The legislative body shall carry the compromise into effect and consent to the judgment specified in the notice of election and the proposed method of...
• Section 43855.
  It shall provide for the collection of an annual tax sufficient to pay the interest on the judgment as it falls due and such portion...
• Section 43856.
  The rights of any nonconsenting holder of bonds specified in the notice are not affected by the proceedings.(Added by Stats. 1949, Ch. 79.)
• Section 43857.
  In any action brought upon any of the bonds described in the notice, the judgment of a court of competent jurisdiction is conclusive as to...
• Section 43858.
  In any action brought upon any of the bonds described in the notice of election, the plaintiff shall deposit in court the bonds upon which...
• Section 43859.
  When the judgment, rendered in accordance with the terms of the proposed compromise described in the notice, becomes final, the bonds sued upon shall be...
• Section 43860.
  If for any reason the judgment is reversed or set aside, or if any orders or writs under it are disobeyed by the defendant or...

Last modified: October 22, 2018