If the proposals or contract with the bondholders so provides, the legislative body may sell all of the new bonds for cash and pay the bondholders in cash at a price to be fixed in the proposals or contract.
(Added by Stats. 1951, Ch. 331.)
Section 59597
Gov. Code § 59597, under Acquisition and Cancellation of Bonds of Nonconsenting Bondholders.
Gov. Code § 59597