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upon the annual installments of reassessments or for the advance <br />retirement of bonds. <br /> <br /> The Director of Finance is authorized to retain <br />independent attorneys, accountants and other consultants to assist <br />in complying with Federal requirements. <br /> <br /> Section 5.5. ARBITRAGE REBATE FUND. Amounts in the <br />arbitrage rebate fund shall be invested in the same manner as <br />amounts in the other funds and shall be held in trust for rebate to <br />the United States at the times required by Section 148 of the <br />United States Internal Revenue Code and regulations adopted <br />thereunder. <br /> <br /> Section 6. PAYMENT ON BONDS. The principal and interest <br />on the bonds shall be payable at the office of Bank of America <br />National Trust and Savings Association, Corporate Agency Division, <br />P. 0. Box 37000, San Francisco, California 94137. Principal and <br />interest shall be paid by check, draft or warrant mailed to the <br />registered owner of each bond at the owner's address appearing on <br />the register maintained by the registrar on the 15th day preceding <br />the date of interest payment or maturity of each bond. <br /> <br /> Section 7. REREGISTRATION. Any bond may be registered <br />to a new owner by completing the assignment certificate on the <br />reverse of the bond and delivering the bond to the registrar. Upon <br />reregistration, any bond may be replaced by one or more bonds of <br />the same maturity and aggregate amount in denominations of $5000 or <br />any integral multiple thereof. <br /> <br />6 <br /> <br /> <br />