Section 59597.
59597. If the proposals or contract with the bondholders so provides, the legislative body may sell all of the new bonds for cash and pay the bondholders in cash at a price to be fixed in the proposals or contract. (Added by Stats. 1951, Ch. 331.)
Section 59598.
59598. If the discharge of the original bonds of any nonconsenting holders at less than par has been authorized by any final decree or order confirming a plan of readjustment pursuant to a federal bankruptcy law in any proceedings initiated pursuant to this chapter, the legislative body may perform all acts necessary to discharge the […]
Section 59620.
59620. Upon any default in the payment of an installment of interest or principal of any new bond issued to represent a reassessment upon tax-deeded land, the land may be sold or a foreclosure suit brought pursuant to this chapter as in the case of other lands. (Added by Stats. 1951, Ch. 331.)
Section 59621.
59621. The State, or the city or other municipal or public corporation may be made a party defendant in such foreclosure suit, or in any quiet title suit brought by the purchaser at the treasurer’s sale or by his successor in interest. It is a sufficient service of process to serve the Attorney General for […]
Section 59640.
59640. Serial bonds shall be issued to represent the unpaid reassessments, including unpaid reassessments on tax-deeded land, pursuant to Bond Plan A, B, or C. The legislative body shall determine which bond plan shall be used. (Added by Stats. 1951, Ch. 331.)
Section 59641.
59641. Under Bond Plan A, a bond shall be issued to represent each of the assessments remaining unpaid and shall be entitled “Refunding Bond. Bond Plan A.” Such bonds shall be substantially in the form of the street improvement bonds provided for in the Improvement Act of 1911. (Added by Stats. 1951, Ch. 331.)
Section 59642.
59642. Under Bond Plan B or C bonds shall be issued to represent and be secured by the unpaid assessments upon the reassessment. (Added by Stats. 1951, Ch. 331.)
Section 59561.
59561. Any such proposal or contract may provide such terms of exchange as are agreed upon by the holder and the legislative body and may contain terms relating to the time and method of, and conditions precedent to, performance. (Added by Stats. 1951, Ch. 331.)
Section 59643.
59643. Bond Plan B bonds shall be: (a) Issued in the manner and form provided in the Improvement Bond Act of 1915. (b) Entitled “Refunding Bond. Bond Plan B.” (c) Substantially in the form of the street improvement bonds provided in such act. (Added by Stats. 1951, Ch. 331.)
Section 59562.
59562. When the new bonds or money is delivered to the bondholders, they shall concurrently deliver to the legislative body or its representatives the original bonds which are refunded and all outstanding unpaid interest coupons, constituting the entire indebtedness of the district, which shall immediately be canceled. (Added by Stats. 1951, Ch. 331.)