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(REVERSE OF BOND) <br /> <br /> CITY OF PLEASANTON <br /> ASSESSMENT DISTRICT NO. 1986-9, <br />NORTH PLEASANTON IMPROVEMENT DISTRICT NO. 3t SERIES C <br /> <br />ADDITIONAL PROVISIONS OF THE BOND <br /> <br /> The entire amount of assessments levied in Assessment <br />District No. 1986-9, North Pleasanton Improvement District No. 3 <br />is $64,229,206.73. On August 28, 1987, Series A of bonds was <br />issued in the amount of $22,126,599.24. On October 18, 1988, <br />Series B of bonds was issued in the amount of $23,931,728.99. <br />This Series C issue is in the amount of $16,004~369.10 and is the <br />final series of bonds to be issued in Assessment District No. <br />1986-9, North Pleasanton Improvement District No. 3. All bonds <br />of this Series C issue, together with all bonds previously <br />issued, shall be administered as a single consolidated bond issue <br />for all purposes contemplated by the Improvement Bond Act of <br />1915. <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 of Pleasanton under the <br />Act and the Resolution of Issuance, for the purpose of providing <br />means for paying for the improvements described in said <br />proceedings, and is secured by the moneys in said redemption fund <br />and by the unpaid portion of said assessments made for the <br />payment of said improvements, and, including principal and <br />interest, is payable exclusively out of said fund. <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 said office of the Bank, subject to the terms and <br />conditions provided in the Resolution of Issuance, 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 /> Bonds shall be registered only in the name of an <br />individual (including joint owners), a corporation, a partnership <br />or a trust. <br /> <br /> Neither the City nor the Bank shall be required to make <br />such exchange or registration of transfer of bonds during the <br />fifteen (15) days immediately preceding any interest payment <br />date. <br /> <br /> The City will not obligate itself to advance available <br />funds from the City treasury to cure any deficiency which may <br />occur in the bond redemption fund. A determination not to <br /> <br /> <br />