Bonds may be callable upon such terms, conditions, and notice as the authority determines, and upon the payment of the premium, if any, fixed by the authority in the proceedings for their issuance. No bond shall be subject to call or redemption prior to its fixed maturity date unless the right to exercise such call is expressly stated on its face.
Cal. Sts. & High. Code § 33133
Revenue Bonds
Known as the Parking Law
The act spans §§ 32500–33552 (111 sections).
Amended by Stats. 1951, Ch. 1388.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.