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07
City of Pleasanton
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CITY CLERK
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2017
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020717
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07
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2/3/2017 12:46:45 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
2/7/2017
DESTRUCT DATE
15Y
DOCUMENT NO
07
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thereof, as the case may be, and the principal of and redemption premiums, if any, on such <br /> Bonds, and (3) in the event such Bonds are not by their terms subject to redemption within the <br /> next succeeding sixty (60) days, the Authority shall have given the Trustee in form satisfactory <br /> to it irrevocable instructions to mail as soon as practicable, a notice to the Holders of such Bonds <br /> that the deposit required by clause (2) above has been made with the Trustee and that such Bonds <br /> are deemed to have been paid in accordance with this section and stating the maturity date or <br /> redemption date upon which money is to be available for the payment of the principal of and <br /> redemption premiums, if any, on such Bonds <br /> SECTION 9 02 Unclaimed Money Anything contained herein to the <br /> contrary notwithstanding, any money held by the Trustee in trust for the payment and discharge <br /> of any of the Bonds which remains unclaimed for two (2) years after the date when such Bonds <br /> have become due and payable, either at their stated maturity dates or by call for redemption prior <br /> to maturity, if such money was held by the Trustee at such date, or for two (2) years after the <br /> date of deposit of such money if deposited with the Trustee after the date when such Bonds have <br /> become due and payable, shall be repaid by the Trustee to the Authority as its absolute property <br /> free from trust, and the Trustee shall thereupon be released and discharged with respect thereto <br /> and the Holders shall not look to the Trustee for the payment of such Bonds, provided, however, <br /> that before being required to make any such payment to the Authority, the Trustee may, and at <br /> the request of the Authority shall, at the expense of the Authority, cause to be published once a <br /> week for two (2) successive weeks in a Financial Newspaper of general circulation in San <br /> Francisco and in Los Angeles, California and in the same or a similar Financial Newspaper of <br /> general circulation in New York,New York a notice that such money remains unclaimed and <br /> that, after a date named in such notice, which date shall not be less than thirty (30) days after the <br /> date of the first publication of each such notice, the balance of such money then unclaimed will <br /> be returned to the Authority <br /> ARTICLE X <br /> MISCELLANEOUS <br /> SECTION 10 01 Liability of Authority Limited to Revenues <br /> Notwithstanding anything contained herein, the Authority shall not be required to advance any <br /> money derived from any source other than the Revenues as provided herein for the payment of <br /> the interest on or principal of or redemption premiums, if any, on the Bonds or for the <br /> performance of any agreements or covenants herein contained The Authority may, however, <br /> advance funds for any such purpose so long as such funds are derived from a source legally <br /> available for such purpose without incurring any indebtedness <br /> The Bonds are limited obligations of the Authonty and are payable, as to interest <br /> thereon, principal thereof and any premiums upon the redemption of any thereof, solely from the <br /> Revenues as provided herein, and the Authonty is not obligated to pay them except from the <br /> Revenues All the Bonds are equally secured by a pledge of and charge and lien upon the <br /> Revenues, and the Revenues constitute a trust fund for the security and payment of the interest <br /> on and principal of and redemption premiums, if any, on the Bonds as provided herein The <br /> Bonds are not a debt of the Authority, the State of California or any of its political subdivisions, <br /> and neither the Authority, said State nor any of its political subdivisions is liable thereon, nor in <br /> -30- <br /> 2762680 2 <br />
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