The indenture may contain covenants or other provisions whereby the consent or agreement of a stated percentage or number of the holders of the bonds may bind all bondholders to modifications of or changes in all or part of the provisions of the indenture authorizing or providing for the issuance of such bonds, and the provisions subject to modification or change shall be specified or stated in such indenture.
Cal. Gov. Code § 6562
Power to Issue Revenue Bonds
Known as the Joint Exercise of Powers Act
The act spans §§ 6500–6583 (150 sections).
Added by Stats. 1955, Ch. 329.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.