Section 59598 Of Article 16. Acquisition And Cancellation Of Bonds Of Nonconsenting Bondholders From California Government Code >> Division 1. >> Title 6. >> Chapter 5. >> Article 16.

. If the discharge of the original bonds of any nonconsenting holders at less than par has been authorized by any final decree or order confirming a plan of readjustment pursuant to a federal bankruptcy law in any proceedings initiated pursuant to this chapter, the legislative body may perform all acts necessary to discharge the bonds pursuant to the decree or order.