LOS ANGELES — Stockton, Calif., City Council members will be asked Tuesday to stop making general fund payments toward several bond issues and to take the first step toward a Chapter 9 bankruptcy filing, according to a disclosure statement filed Friday morning on the Municipal Securities Rulemaking Board’s EMMA website.

If council members approve the resolution, the city of 290,000 will suspend payments toward seven general-fund-backed bond issues and enter a mediation process that is the first step toward bankruptcy under California’s recently enacted AB 506.

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