Any provision of the ordinance, resolution, or indenture, except a provision as to the amount or time of payment of principal or interest on the bonds, may be later eliminated or modified by the legislative body, if the holders of not less than sixty percent (60%) of the outstanding bonds have agreed in writing to the elimination or modification.
Cal. Sts. & High. Code § 35418
Bonds, Acquisitions and Improvements
Known as the Parking District Law
The act spans §§ 35100–35708 (190 sections).
Amended by Stats. 1955, Ch. 1283.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.