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The interest shall be payable semiannually, except for the first payment which may be different, and computed from a date on or after the 31st day following the recordation of the assessment, subject, however, to Section 250.273 hereof.
(Added by Ord. 225-81, App. 5/5/81)
When any bonds issued hereunder are to be sold, they may be sold by the Board as it shall determine. The proceeds of such sale shall be placed in the City Treasury to the credit of the fund for which they had been issued, and shall be applied exclusively to the purposes and objects thereof.
(Added by Ord. 225-81, App. 5/5/81)
Bonds may be registered against theft as provided in Chapter 1 (commencing with Section 50,000), Division 6, Part 7, Title 1, or Article 7 (commencing with Section 43,880), Chapter 4, Division 4, Part 3, Title 4, of the Government Code, or as otherwise provided in the resolution authorizing their issuance.
(Added by Ord. 225-81, App. 5/5/81)
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