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bond, with annual installments of principal and semiannual <br />interest payments equal to the corresponding annual principal <br />maturities and aggregate interest payments corresponding to those <br />specified in Section 14. <br /> <br /> The Refunding Bonds shall bear interest from the <br />interest payment date next preceding the date of authentication <br />and registration thereof, unless such date of authentication and <br />registration is on a day during the period from the sixteenth <br />(16th) day of the month next preceding an interest payment date <br />to such interest payment date, both inclusive, in which event <br />they shall bear interest from such interest payment date, or <br />unless such date of authentication and registration is on a day <br />on or before the fifteenth (15th) day of the month next preceding <br />the first interest payment date, in which event they shall bear <br />interest from July 15, 1993. Such interest shall be payable on <br />March 2, 1994, and thereafter semiannually on September 2 and <br />March 2 of each year until and at the respective maturity dates <br />of the Refunding Bonds. <br /> <br /> The interest on and principal of and redemption <br />premiums, if any, on the Refunding Bonds shall be payable in <br />lawful money of the United States of America at the office of the <br />Finance Director of the City (the "Finance Director") in <br />Pleasanton, California. Payment of the interest on the Refunding <br />Bonds due on or before the maturity or prior redemption thereof <br />shall be made by check mailed to the registered owners of the <br />Refunding Bonds at their addresses as they appear at the close of <br />business as of the fifteenth (15th) day of the month prior to <br /> <br />SF2-~SS48.~ 6 <br /> <br /> <br />