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shall be numbered, shall mature and shall bear interest at the <br /> <br />rates set forth in the table attached as Exhibit A. <br /> <br /> Section 3. APPOINTMENT OF PAYING AGENT. REGISTRAR AND <br />TRANSFER AGENT. The City Council hereby appoints Bank of <br />America National Trust and Savings Association as payin~ a~ent, <br />registrar and transfer a~ent for the bonds in accordance with an <br />a~reement between the City and Bank of America National Trust <br />and Savings Association heretofore approved by the City Council. <br /> <br /> Section 4. FORM AND EXECUTION. Bonds shall be issued <br /> <br />as fully registered bonds in the form set forth as Exhibit B to <br />this resolution. The bonds shall be si~ned by the City <br />Treasurer and the City Clerk and the seal of the City shall be <br />affixed. Both signatures and seal may be reproduced on the <br />bonds by facsimile, but upon its registration or rere~istration <br />each bond shall be authenticated by the manual signature of the <br />registrar. <br /> <br /> The payin~ a~ent shall assign to each bond <br /> <br />authenticated and registered by it a distinctive letter, or <br />number, or letter and number, and shall maintain a record <br />thereof which shall be available to the City for inspection. <br /> <br /> Section 5. ESTABLISHMENT OF SPECIAL FUNDS. For <br />administerin~ the proceeds of the saleof bonds and payment of <br />interest and principal on the bonds, there are hereby <br />established three funds to be known as the improvement fund, the <br />redemption fund and the special reserve fund, respectively, for <br />North Pleasanton Improvement District No. 1982-4. <br /> <br /> Section 5.1. IMPROVEMENT FUND. Except as provided in <br /> <br /> <br />