Gov. Code, § 59273 · Article 5. Notice to Bondholders of Proposed Refunding and Invitation for Proposals
Gov. Code, § 59273
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
In the notice the legislative body shall invite the holders of the original bonds to submit to it one or more written proposals stating the terms upon which they will deliver their bonds for cancellation to the legislative body or to any official it designates in consideration for any one of the following:
(a) Delivery of new bonds against the district described in the resolution of intention.
(b) A cash sum to be specified in the proposal.
(c) The delivery and payment of any combination of such bonds and cash specified in the proposal.
Notes and commentary — not statutory text
History
Added by Stats. 1951, Ch. 331.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=59273.
- Text hash
- sha256 ef7fac5748d4c541a5c124a99de6e35b5a8f0b5c2f40bcfda86a4089cf1d7d52
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.