Public Utilities Code - PUC
DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]
( Division 10 repealed and added by Stats. 1955, Ch. 1036. ) PART 9. THE SANTA BARBARA METROPOLITAN TRANSIT DISTRICT [95000 - 97007]
( Part 9 added by Stats. 1965, Ch. 1835. ) CHAPTER 7. Bonds [96400 - 96591]
( Chapter 7 added by Stats. 1965, Ch. 1835. ) ARTICLE 4. Refunding [96500 - 96506]
( Article 4 added by Stats. 1965, Ch. 1835. ) 96501.
The issuance of refunding bonds shall not be construed as the incurring or increase of an indebtedness within the meaning of this act, and the approval of the voters is not required for the issuance of refunding bonds. The board may provide for the call and redemption of any or all of the bonds on any interest payment date prior to their fixed maturity in the ordinance authorizing the issuance of the refunding bonds.
(Added by Stats. 1965, Ch. 1835.)