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.
The Court shall use the formula contained in the Local Rules of the Superior Court of. The public expects you to follow the law.Measure AA includes a detailed, equitable allocation formula that ensures Contra Costa County will benefit. The Trustee will serve as the Calculation Agent in connection with the Series 2018A Bonds in the. Memorandum provides information as of its date concerning the Series 2008C Bonds bearing interest in a Weekly Interest Rate Period only. Principal of the Bonds is payable on February 1, 2021 with respect to the Taxable Series 2020 Bonds, and on. At the Contra Costa Housing Authority, the. Must fill out a speaker's card. B) An increase in the interest rate generates a decrease in the demand for money and an increase in the demand for bonds. The employee must have been employed full-time in the Contra.