Section 6610 Of Chapter 11. Foreclosure Of Bond Lien From California Streets And Highways Code >> Division 7. >> Part 5. >> Chapter 11.
6610
. As a separate, distinct and cumulative remedy, the holder of
any bond upon which any payment either upon the principal or of the
interest has become delinquent may, if the city which initiated the
proceedings is not a county, at any time after three months after the
date it is provided by ordinance or charter of the city that taxes
are due, or if a county initiated the proceedings or collects the
taxes for the city at any time after four months next succeeding the
fourth Monday of September, following the date of delinquency of
principal or interest and prior to the expiration of four years after
the due date of the last installment upon any bond or of the last
principal coupon attached thereto, file and maintain an action to
foreclose the lien of the bond and recover the amount due thereon.
No action shall be commenced pursuant to this section until the
expiration of 15 days after a notice containing the amount of the
payment due, the date the payment is or was due, penalties which may
accrue for failure to pay, and notice of the foreclosure action which
may occur if payment is not made is mailed, postage prepaid and
registered, by the bondholder, or his representative, to the owner of
the property at his last known address as it appears on the tax
rolls.