Added by Stats. 1951, Ch. 463.
When the contract between the city and 75 percent or more of the bondholders has been entered into, the legislative body shall direct the auditor to submit a complete and accurate statement showing the following:
(a)The total principal amount of the outstanding bonds of the issue to be refunded.
(b)The numbers of the bonds.
(c)The amounts of the due and unpaid interest coupons of the bonds.
(d)The several assessments remaining unpaid and the time in which they become due, together with the interest and penalties on any unpaid installments thereof.
(e)The amount of each reassessment and description of the property upon which such reassessment is proposed to be levied.
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