SECTIONS 9160-9165 - California Statutes

STREETS AND HIGHWAYS CODE

SECTION 9160-9165

9160. The owners of property liable to pay assessments have the
right to pay such assessments, together with interest thereon as
provided by the proceedings and statute under which the outstanding
bonds were issued. If the owners of property against which
assessments remain unpaid so elect, by written notice given to the
legislative body at any time prior to the hearing on the refunding
and reassessment they may continue to pay assessments as provided by
the proceedings and statute under which the outstanding bonds were
issued. The notice shall describe the property upon which the owner
elects to continue to pay sufficiently to identify it.

9161. The assessments upon property as to which such written notice
has been given shall be paid and collected with interest and
penalties thereon as provided by the proceedings and statute under
which the bonds to be refunded were issued.

9162. Outstanding bonds payable serially as the assessments are
payable, and in principal amount equal to the principal of the
assessments included in written notices given pursuant to this
chapter shall not be canceled in the refunding proceeding but, with
interest, shall be payable as provided in the original proceedings.

9163. In the event any property owner elects to continue to pay
assessments as provided in this chapter, the proposed reassessment
upon his parcel of land as set forth in the statement on file shall
be marked "Not to be levied" and no reassessment shall be levied on
such parcel in the refunding proceeding.

9164. If in order that the principal amount of outstanding bonds
not canceled in the refunding proceedings which is payable annually
and interest thereon shall equal the principal amount of assessments
made under the original proceedings which are payable annually and
interest thereon, it is necessary to reduce the amount of any bond or
interest coupon, an appropriate notation showing the amount of
reduction shall be written, printed, or stamped upon the face of each
bond or coupon reduced in amount. The remaining amount of such bond
or coupon shall be payable, collectible, and enforceable in
accordance with the provisions of the Improvement Bond Act of 1915.

9165. If any property owner does not elect to continue to pay
assessments as provided in this chapter, then the legislative body
shall make a reassessment against his property in the refunding
proceedings.