If a bond issue for the acquisition or construction of the toll tunnel is authorized
and sold in whole or in part and the authority deems it advisable and advantageous
to enlarge or extend the toll tunnel or to change the structure or design thereof
in order to afford new or greater facilities for any type or class of traffic, the
authority may issue additional bonds for the purpose of enlarging or extending the
toll tunnel or changing the structure or design thereof in order to afford such new
or greater facilities. Such additional bonds shall be issued only if the surrender and cancellation of
all outstanding bonds issued for the acquisition or construction of the toll tunnel
as originally designed can be assured or obtained by call or by consent of the holders
thereof. Such additional bonds shall not constitute a debt or obligation of the state or
of El Dorado County but shall be bonds of the authority of the same character and
payable from the same funds as other bonds authorized pursuant to this chapter. The pledge of the tolls and other revenues to be received from the operation of
the toll tunnel to the payment of outstanding bonds shall not be lessened, diminished,
or affected in any way by the issuance of such additional bonds.
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