RES 88472 - Laserfiche WebLink

(REVERSE OF BOND) CITY OF PLEASANTON ASSESSMENT DISTRICT NO. 1986-9, NORTH PLEASANTON IMPROVEMENT DISTRICT NO. 3, SERIES B ADDITIONAL PROVISIONS OF THE BOND The entire amount of assessments levied in Assessment District No. 1986-9, North Pleasanton Improvement District No. 3 is $64,229,206.73. On August 28, 1987, Series A of bonds was issued in the amount of $22,126,599.24. The Series B bond issue is in the amount of $23,931,728.99. Additional bonds may be issued represented by the balance of assessments, less payment of assessments made in cash. All bonds of this Series B issue, together with all bonds previously issued or hereafter issued as authorized shall be administered as a single consolidated bond issue for all purposes contemplated by the Improvement Bond Act of 1915. This Bond is one of several annual series of bonds of like date, tenor and effect, but differing in amounts, maturities and interest rates, issued by the City of Pleasanton under the Act and the Resolution of Issuance, for the purpose of providing means for paying for the improvements described in said proceedings, and is secured by the moneys in said redemption fund and by the unpaid portion of said assessments made for the payment of said improvements, and, including principal and interest, is payable exclusively out of said fund. This Bond is transferable by the registered owner hereof, in person or by the owner's attorney duly authorized in writing, at said office of the Bank, subject to the terms and conditions provided in the Resolution of Issuance, including the payment of certain charges, if any, upon surrender and cancellation of this Bond. Upon such transfer, a new registered Bond or Bonds, of any authorized denomination or denominations, of the same maturity, for the same aggregate principal amount, will be issued to the transferee in exchange therefor. Bonds shall be registered only in the name of an individual (including joint owners), a corporation, a partnership or a trust. Neither the City nor the Bank shall be required to make such exchange or registration of transfer of bonds during the fifteen (15) days immediately preceding any interest payment date. The City will not obligate itself to advance available funds from the City treasury to cure any deficiency which may occur in the bond redemption fund. A determination not to obligate itself shall not prevent the City from, in its sole discretion, so advancing funds. The City and the Bank may treat the registered owner hereof