§ 9260
51 words·~1 min read·
/ca/streets-and-highways-code/9260A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The treasurer shall keep a redemption fund designated by the name of the bonds, into which he shall place all sums received by him from the collection of the reassessments made for such refunding and upon the security of which the refunding bonds are issued and all interest and penalties thereon.