The bonds are not subject to call or redemption prior to their fixed maturity date unless the right to exercise a call is expressly stated on the face of the bonds.
Cal. Gov. Code § 54404
Provisions Relating to Bonds
Known as the Revenue Bond Law
The act spans §§ 54300 to 54700 (157 sections).
Added by Stats. 1949, Ch. 81.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.