Laserfiche WebLink
Redevelopment Agency of the City of San Leandro <br />2009 <br />Page 2 <br />4. The Bonds have been duly authorized, executed and delivered by the Agency and <br />are valid and binding special obligations of the Agency, payable solely from the sources <br />provided therefor in the Indenture. <br />5. The interest on the Bonds is exempt from personal income taxation imposed by <br />the State of California. <br />The rights of the owners of the Bonds and the enforceability of the Bonds and the <br />Indenture may be subject to bankruptcy, insolvency, reorganization, moratorium and other <br />similar laws affecting creditors' rights heretofore or hereafter enacted and may also be subject <br />to the exercise of judicial discretion in appropriate cases. <br />Respectfully submitted, <br />A Professional Law Corporation <br />E-2 <br />