§ 43850
70 words·~1 min read·
/ca/government-code/43850A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever a city has an outstanding indebtedness evidenced by bonds the legislative body may submit to the electors of the city, at any election held for that purpose, a proposition:
(a)Declaring all or any of the bonds to be at once due and payable.
(b)Compromising the bonded indebtedness.
(c)Consenting to a judgment in favor of the bondholders.
(d)Providing for the payment of such judgment in installments.