§ 31161
72 words·~1 min read·
/ca/streets-and-highways-code/31161A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.