Laserfiche WebLink
and interest not yet due from assessed property owners shall be <br />cancelled without payment. <br /> <br /> Section 6. PAYMENT ON BONDS. The principal and <br />interest on the bonds shall be payable at Bank of America <br />National Trust and Savings Association, Corporate Agency <br />Division, P.O. Box 37000, San Francisco, CA 94137. Principal <br />and interest shall be paid by check, draft or warrant mailed to <br />the registered owner of each bond at the owner's address <br />appearing on the register maintained by the registrar on the <br />15th day preceding the date of interest payment or maturity of <br />each bond. <br /> <br /> Section 7. REREGISTRATION. Any bond may be <br />registered to a new owner by completing the assignment <br />certificate on the reverse of the bond and delivering the bond <br />to the registrar. Upon reregistration, any bond may be replaced <br />by one or more bonds of the same maturity and aggregate amount <br />in denominations of $5,000 or any integral multiple thereof. <br /> <br /> Section 8. COVENANTS. In the event of a default in <br />the payment of any bond or any installment of interest thereon, <br />bondholders shall have the remedies set forth in the Improvement <br />Bond Act of 1915. In addition, the City Council makes the <br />following covenants, which shall constitute a contract with the <br />bondholders: <br /> <br /> Section 8.1. FORECLOSURE OF LIENS. If any <br />installment of the principal or interest of any assessment <br />levied in North Pleasanton Fire Protection Assessment District <br />No. 1982-6 becomes delinquent, the City Council shall cause an <br /> <br /> 5 <br /> <br /> <br />