Section 43850 Of Article 6. Compromise From California Government Code >> Division 4. >> Title 4. >> Chapter 4. >> Article 6.

. Whenever 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.