§ 59562
46 words·~1 min read·
/ca/government-code/59562A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.