CA Gov't Code Section 43850

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.