Cal. SHC § 31161
This is the official text of Cal. SHC § 31161, part of California’s Streets and Highways Code — governs the construction and maintenance of public roads.
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Official statutory text
All provisions of this chapter apply with like force and effect to the issuance of any bonds of the new authorized issue, and the holders thereof are subrogated to all the rights and powers of the holders of the bonds which are surrendered in exchange therefor, except as such rights and powers are modified by the express terms of the bonds of the new authorized issue or the proceedings authorizing their issuance.
Status: in_force · Read it on the official government site
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