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of the City (the "Finance Director") in Pleasanton, California, <br />and the interest hereon is payable by check mailed to the owner <br />hereof at the owner's address as it appears on the registration <br />books of the Finance Director, or at such address as may have <br />been filed in writing with the Finance Director for that purpose, <br />at the close of business as of the fifteenth (15th) day of the <br />month next preceding each interest payment date. <br /> <br /> This bond is one of several annual series of bonds of <br />like date, tenor and effect, but differing in amounts, maturities <br />and interest rates, issued by the City under the Act and the <br />resolution providing for its issuance (the "Resolution") for the <br />purpose of providing funds for refunding assessment bonds <br />originally issued to pay for the improvements described in said <br />proceedings, and is secured by the moneys in the Redemption Fund <br />provided in the Resolution and by the unpaid portion of <br />reassessments levied for the payment hereof, and, including <br />principal and interest, is payable exclusively out of said fund. <br /> <br /> This bond will continue to bear interest after maturity <br />at the rate above stated; provided, it is presented at maturity <br />and payment thereof is refused upon the sole ground that there <br />are not sufficient moneys in said Redemption Fund with which to <br />pay the same. If it is not presented at maturity, interest <br />thereon will run until maturity. <br /> <br /> This bond, or any portion of it in the amount of five <br />thousand dollars ($5,000) or any integral multiple thereof, may <br />be redeemed and paid in advance of maturity upon the second day <br />of March or September in any year by giving at least thirty (30) <br />days' notice by registered or certified mail to the registered <br />owner hereof at the owner's address as it appears on the <br />registration books of the Finance Director by paying principal <br />and accrued interest together with a redemption premium equal to <br />the following prescribed percentage of the principal amount of <br />bonds redeemed: <br /> <br /> Redemption Dates Premium <br /> <br />September 2, and March 2, 3% <br />September 2, and March 2, 2% <br />September 2, and March 2, 1% <br />September 2, and thereafter 0% <br /> <br /> This bond is transferable by the registered owner <br />hereof, in person or by the owner's attorney duly authorized in <br />writing, at the office of the Finance Director, subject to the <br />terms and conditions provided in the Resolution, including the <br />payment of certain charges, if any, upon surrender and <br />cancellation of this bond. Upon such transfer, a new registered <br />bond or bonds, of any authorized denomination or denominations, <br />of the same maturity, for the same aggregate principal amount, <br />will be issued to the transferee in exchange therefor. <br /> <br />SF2-:SS50.~ 11 <br /> <br /> <br />