California Streets and Highways Code

§ 33105.5

SHC § 33105.5Div. 18 · Part 2 · Ch. 5

Statute text

Nothing in this part nor in the specification, in the proceedings for the issuance of any bonds, of the sources of payment thereof, shall preclude any of the following:

(a)The payment of interest on or principal of any such bonds out of sums received as premiums or accrued interest on the sale thereof.

(b)The payment of principal of or interest on, or premiums on the redemption of, any such bonds out of the proceeds of the sale of refunding bonds issued for that purpose.

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Legislative history

Added by Stats. 1951, Ch. 1388.