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-4- <br /> <br /> I. The purchase price of each bond issue or series shall be paid in full <br /> <br /> when the bonds accompanied by the legal opinion and a non-litigation <br /> certificate are delivered to Buyer by Seller. <br /> <br /> J. All bonds to issue from each of the assessment districts are awarded to <br /> Buyer by Seller~ The bonds from all five districts shall be dated, issued, <br /> and delivered to Buyer for payment on or before September 2, 1978. In <br /> the event any of the bonds are not delivered by then, Buyer or Seller have <br /> the option to cancel this agreement. Buyer will not hold either Seller or <br /> the property owners liable in the event all or any part of the bonds are <br /> not issued by the Seller. <br /> <br /> K. Buyer may terminate this agreement any time prior to the delivery of any <br /> bond issue or series in the event legislation by the Congress of the <br /> United States has been enacted, a decision by a court of the United States, <br /> or a Tax Court of the United States has been rendered, or a ruling regula- <br /> tion, or official statement by or on behalf of the Treasury Department of <br /> the United States, the Internal Revenue Service or other governmental <br /> agency has been made with respect to federal taxation upon interest received <br /> on bonds which, in the opinion of Buyer, materially and adversely affects the <br /> market price of the bonds. <br /> <br /> IN WITNESS WHEREOF, the parties hereto have set their hands the Seller hy its <br />Mayor and attested by its City Clerk· as duly authorized by the City Council or the <br />City of Pleasanton, the Buyer bya partner thereof. <br /> <br />ATTEST: <br />City Clerk <br /> <br />"Seller" <br /> <br />CITY OF PLEASANTON, a municipal corporation <br /> <br /> Mayor <br /> <br /> <br />