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obligate itself shall not prevent the City from, in its sole <br />discretion, so advancing funds. <br /> <br /> The City and the Bank may treat the registered owner <br />hereof as the absolute owner for all purposes, and the City and <br />the Bank shall not be affected by any notice to the contrary. <br /> <br /> This Bond or any portion of it in the amount of $5,000 <br />or any integral multiple thereof, may be redeemed and paid in <br />advance of maturity upon the second day of March or September in <br />any year by giving at least 30 days' notice by registered mail to <br />the registered owner hereof at such owner's address as it appears <br />on the registration books of the Bank and by paying principal and <br />accrued interest together with a premium equal to three percentum <br />of the principal. <br /> <br /> This Bond is not subject to refunding pursuant to the <br />Refunding Act of 1984 (Division 11.5 of the Streets and Highways <br />Code) nor in connection with subsequent assessment proceedings <br />for additional improvements, prior to September 2, 1994. <br /> <br /> I hereby certify that the following is a correct copy <br />of the signed legal opinion of STURGIS, NESS, BRUNSELL & SPERRY a <br />professional corporation, Emeryville, California, on file in my <br />office. <br /> City Clerk <br /> <br />2 <br /> <br /> <br />