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(d) The appointment of one or more hanks or trust companies within or <br />without the state having the necessary trust powers as trustee, fiscal agent, <br />paying agent; or bond registrar, <br /> <br /> (e) The execution of a fiscal agent agreement, trust agreement or <br />indenture securing the bonds. <br /> <br /> (9 The pledge or assignment of any revenues of the community facilities <br />district to the repayment of the bonds. <br /> <br /> (g) The investment of any bond proceeds and other revenues, including <br />special tax revenues, by the trustee or fiscal agent in any securities or obligations <br />described in the resolution, fiscal agent agreement, indenture, trust agreement, or <br />other instrument providing for the issuance of the bonds. <br /> <br /> (h) The date or dates to be borne by the bonds and the time or times of <br />maturity of the bonds and the place or places and time or times that the bonds <br />shall be payable. <br /> <br />(i) The interest, fixed or variable, to be borne by tl~e bonds. <br /> <br />~j) The denominations, form, and registration privileges of the bonds. <br /> <br /> (k) Any other terms and conditions determined to be necessary by the <br />City Council. <br /> <br />Section 20-70. Action to foreclose liens; cumulative remedy; resolution to <br />diligently pursue foreclosure action. <br /> <br /> (a) As a cumulative remedy, if bonds are outstanding, the City Council <br />may, not later than four years after the due date of the last installment of <br />principal thereof, order that any delinquent special taxes levied in whole or in part <br />for payment of the bonds, together with any penalties, interest, and costs, be <br />collected by an action brought in the superior court to foreclose the lien of special <br />tax. <br /> <br /> (b) The City Council may covenant for the benefit of bondowners to <br />commence and diligently pursue to completion any foreclosure action regarding <br />delinquent installments of any amount levied as a special tax for the payment of <br />interest or principal of any bonds that are issued. <br /> <br />Section 20-71. Credits for delinquent taxes. <br /> <br /> (a) When any foreclosure actions are ordered, the tax collector shall be <br />credited upon the current tax roll with the amount charged on account of the <br />delinquent special taxes to be sued on, including applicable penalties, interest, and <br />costs, and the tax collector shall be relieved of further duty in regard thereto. Any <br />amounts not the subject of a foreclosure action shall remain collectible by the tax <br />collector. <br /> <br />-30- <br /> <br /> <br />