§ 35418
59 words·~1 min read·
/ca/streets-and-highways-code/35418A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any provision of the ordinance, resolution, or indenture, except a provision as to the amount or time of payment of principal or interest on the bonds, may be later eliminated or modified by the legislative body, if the holders of not less than sixty percent (60%) of the outstanding bonds have agreed in writing to the elimination or modification.