Section 43850.
Cal. Government Code - GOV § 43850.
in effectWhenever a city has an outstanding indebtedness evidenced by bonds the legislative body may submit to the electors of the city, at any election held for that purpose, a proposition:
(a)
Declaring all or any of the bonds to be at once due and payable.
(b)
Compromising the bonded indebtedness.
(c)
Consenting to a judgment in favor of the bondholders.
(d)
Providing for the payment of such judgment in installments.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026