Section 29281 Of Article 10. Past Due Bonds From California Public Utilities Code >> Division 10. >> Part 2. >> Chapter 8. >> Article 10.
29281
. Upon receipt of the first money in the treasury applicable
to their payment, the treasurer shall set apart the amount necessary
to pay the past due bonds, notes, coupons or other evidence of
indebtedness that have been registered for want of funds. He shall
give notice by registered mail to the owner or holder of the
registered bonds, notes, coupons, and other evidences of
indebtedness, at the address last filed, stating that he is ready to
pay for them. The bonds, notes, coupons and other evidences of
indebtedness shall be paid from such money, in the order of their
registration.