Demand For Bond Market In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00415BG
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Word;
Rich Text
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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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What is the potential impact on Oakland accessing the bond market? After completing a public bank feasibility study in.A new study suggests the Port of Oakland's debt structure may be more complicated than those of othe. We believe that the Federal Reserve should establish a program to provide muchneeded liquidity to the shorttenn municipal bond market. The public agency completed its bond pricing Nov. "A new campus in the heart of downtown Oakland will support our vision of doubling enrollment in the next ten years. Oakland Park successfully priced its 20-year bonds at a total interest cost of 2.26 percent. Taxfree investment, usually a municipal bond, features interest payments exempt from taxes at the municipal, state and federal levels. Bond. Rating. Purpose. The public agency completed its bond pricing Nov.
