Code Section

Streets and Highways Code - SHC

DIVISION 11. REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915” [9000 - 9481]

  ( Division 11 added by Stats. 1951, Ch. 463. )
  

CHAPTER 8. Payment and Collection of Reassessments [9250 - 9291]

  ( Chapter 8 added by Stats. 1951, Ch. 463. )
  

ARTICLE 2. The Redemption Fund [9260 - 9263]
  ( Article 2 added by Stats. 1951, Ch. 463. )

  
9260.  

The treasurer shall keep a redemption fund designated by the name of the bonds, into which he shall place all sums received by him from the collection of the reassessments made for such refunding and upon the security of which the refunding bonds are issued and all interest and penalties thereon.

(Added by Stats. 1951, Ch. 463.)