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event it shall bear interest from its date, until payment of such <br />principal sum shall have been discharged, at the rate per annum <br />stated above, payable semiannually on March 2 and September 2 in <br />each year commencing on March 2, 1990. Both the principal hereof <br />and redemption premium hereon are payable at the principal corporate <br />trust office of the Bank of America National Trust and Savings <br />Association-Corporate Agency Division, or its successor, as Transfer <br />Agent, Registrar and Paying Agent, in San Francisco, California, and <br />the interest hereon is payable by check or draft mailed to the owner <br />hereof at the owner's address as it appears on the registration <br />books of the Bank, or at such address as may have been filed with <br />the Bank for that purpose, as of the fifteenth day immediately <br />preceding each interest payment date. <br /> <br /> REFERENCE IS MADE TO THE FURTHER PROVISIONS OF THIS BOND SET <br />FORTH IN THE REVERSE SIDE HEREOF WHICH SHALL FOR ALL PURPOSES HAVE <br />THE SAME EFFECT AS THOUGH FULLY SET FORTH HEREIN. <br /> <br /> This Bond will continue to bear interest after maturity at <br />the rate above stated, provided, it is presented at maturity and <br />payment thereof is refused upon the sole ground that there are not <br />sufficient moneys in said redemption fund with which to pay same. If <br />it is not presented at maturity, interest thereon will run until <br />maturity. <br /> <br /> This Bond shall not be entitled to any benefit under the <br /> <br />Act or the Resolution Authorizing Issuance of Bonds (the "Resolution <br />of Issuance"), or become valid or obligatory for any purpose, until <br /> <br /> <br />