Section 1004.2 Of Article 5. Issuance Of Refunding Debentures From California Military And Veterans Code >> Division 4. >> Chapter 7. >> Article 5.
1004.2
. Refunding debentures may be issued in a principal amount
sufficient to provide funds for the payment of all debentures or
obligations to be refunded thereby and in addition to the payment of
all expenses incident to the calling, retiring or paying of
outstanding debentures or obligations and the issuance of refunding
debentures. Those expenses include any amount necessary to be made
available for the payment of interest upon refunding debentures from
the date of sale thereof to the date of payment of the debentures or
obligations to be refunded, or to the date upon which the debentures
or obligations to be refunded will be paid pursuant to the call
thereof or agreement with the holders thereof, and the premium, if
any, necessary to be paid in order to call or retire the outstanding
debentures or obligations and the interest accruing thereon to the
date of the call or retirement.