California Legal Codes and Statutes

§ 50662

Amended by Stats. 1951, Ch. 110.

When a local agency is authorized by charter to issue bonds payable solely from revenues of a municipal utility or a special fund, in negotiable form, the local agency may issue the bonds and any coupons for interest thereon in negotiable form, and they are negotiable instruments for all purposes.

Cite this section

Cal. Gov. Code § 50662 (2026)
https://ca.codecond.com/codes/gov/title-5-local-agencies/division-1-cities-and-counties/part-1-powers-and-duties-common-to-cities-and-counties/chapter-3-bonds/article-3-negotiability/section-50662

Other sections in Article 3 - Negotiability

§ 50660§ 50661§ 50662§ 50663

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