Bond Demand And Interest Rates In Contra Costa
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State:
Multi-State
County:
Contra Costa
Control #:
US-00415BG
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Word;
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Description
A Bond is a document with which one party promises to pay another within a specified amount of time. The term "demand" means that the principal plus any interest is due on demand by the bondholder rather than on a specific date. Bonds are used for many things, including borrowing money or guaranteeing payment of money. A bond can be given to secure performance of particular obligations, including the payment of money, or for purposes of indemnification. The validity of a "private" bond, payable upon demand, is determined by the same principles applicable to contracts generally. The purpose of the bond must not be contrary to public policy; it must be supported by a valuable consideration; and there must be a clear designation of the obligor and the obligee. A bond procured through fraud or duress may be unenforceable, but mistake on the part of the obligor as to the contents of a bond, or its legal effect, is not a defense to enforcement of the bond.
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The Clerk will administer the oath, have you sign the required documents and record the bond. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale.The Series 2015A Bonds will mature on March 1 in the years and bear interest at the rates, as set forth on the inside cover of this Official Statement. The role of Committee members is to monitor 4CD's bond expenditures of the 2014 Bond and ensure that all money spent is consistent with the language specified. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Capital appreciation: Bond prices can rise for several reasons, including a drop in interest rates and an improvement in the credit standing of the issuer. Bond interest payable. 55,088. 81,375. (d) Maximum Interest Rate. 07 with the East Contra Costa Regional Fee and. Financing Authority (ECCRFFA).
