Cal. SHC § 9050
This is the official text of Cal. SHC § 9050, part of California’s Streets and Highways Code — governs the construction and maintenance of public roads.
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Official statutory text
Whenever any principal or interest of any issue of bonds issued under the “Improvement Bond Act of 1915” is past due and unpaid because of delinquency in the payment of assessments, the legislative body of the city in which the property assessed lies may determine by resolution that the public interest or necessity requires the refunding of such issue of bonds, and declare its intention to refund the bonds.
Status: in_force · Read it on the official government site
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