RES 92118 - Laserfiche WebLink

(REVERSE OF BOND) CITY OF PLEASANTON ASSESSMENT DISTRICT NO. 1986-7 NORTH PLEASANTON IMPROVEMENT DISTRICT NO. 2 SERIES B SERIES NO. 1986-7B ADDITIONAL PROVISIONS OF THE BOND The unpaid amount of assessments in Assessment District No. 1986-7, North Pleasanton Improvement District No. 2, is $113,016,466.63. On December 2, 1986, Series A bonds were issued in the amount of $105,996,679.00. This Series B bond issue is in the amount of $5,575,000.00. All bonds of this Series B issue, together with all bonds previously isssued as authorized shall be administered as a single consolidated bond issue for all purposes contemplated by the Improvement Bond Act of 1915. Each bond of this Series No. 1986-7B 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.