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Los Angeles California Form 8404: What You Should Know
M) G.3 to the bonds and undertakings described in (i), otherwise than as specified in Exhibit A thereto; II BONDS AND UNDERTAKINGS OF MUNICIPALITY OF LOS ANGELES REVEALED. (A) (i) Bonds, in the aggregate in the amount of 100,000, which may be issued by the municipality, and (ii) undertakings, to be executed and delivered by the trustees, in the name and stead of the municipality of Los Angeles, under its seal, to execute and deliver to the Tax Collector, pursuant to the requirements and requirements of this Section 12.36 (2) (m) G.3, a deed, which shall set forth the amount of bond, the date it meets said conditions, the interest or rents on the bond, and the date the bonds shall become due and payable, and upon such a deed in the form required in item II above, the Tax Collector shall issue a deed evidencing such a bond and the amount of tax paid and due with respect to such bond, and a deed evidencing the satisfaction of said satisfaction and the amount of tax paid and due with respect to such bond, to a person holding such taxable property or income, if any, upon the effective date of the tax, but the Tax Collector shall hold the taxes paid or to become paid in the hands of the trustee, as trustee, only in trust for the payment thereof. (B) (i) The trustees are further instructed and appointed to keep books and accounts and deliver to the Tax Collector and subsequently to the Tax Collector, at the times and in the manner required in Section 12.36 (2) (m) G.
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