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 12. Advance Retirement of Bonds [9450 - 9456]
( Chapter 12 added by Stats. 1951, Ch. 463. ) 9450.
Whenever there is in the redemption fund two thousand dollars ($2,000) or more available for the payment of principal of bonds, and not collected for the purpose of paying the principal of bonds maturing on the next second day of July, the city shall purchase or call bonds as provided in this chapter.
(Added by Stats. 1951, Ch. 463.)