Said bonds may be made payable to the contractor or to his last assignee as shown by the assignment filed with and approved by the superintendent of streets. Said bonds may also be made payable to bearer in which case the words “or order” may be deleted.
Cal. Sts. & High. Code § 6465
Form and Content of Bonds
Known as the Improvement Act
The act spans §§ 5000–6794 (521 sections).
Added by Stats. 1949, Ch. 856.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.