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(REVERSE OF BOND) <br /> <br /> CITY OF PLEASANTON <br /> ASSESSMENT DISTRICT NO. 1988-1 <br /> OLD SANTA RITA ROAD <br /> SERIES NO. 1988-1 <br /> ADDITIONAL PROVISIONS OF THE BOND <br /> <br /> This Bond is one of several annual series of bonds of like <br />date, tenor and effect, but differing in amounts, maturities and <br />interest rates, issued by the City of Pleasanton under the Act and <br />the Resolution of Issuance, for the purpose of providing means for <br />paying for the improvements described in said proceedings, and is <br />secured by the moneys in said redemption fund and by the unpaid <br />portion of said assessments made for the payment of said <br />improvements, and, including principal and interest, is payable <br />exclusively out of said fund. <br /> <br /> This Bond is transferable by the registered owner hereof, in <br />person or by the owner's attorney duly authorized in writing, at <br />said office of the Bank, subject to the terms and conditions <br />provided in the Resolution of Issuance, including the payment of <br />certain charges, if any, upon surrender and cancellation of this <br />Bond. Upon such transfer, a new registered Bond or Bonds, of any <br />authorized denomination or denominations, of the same maturity, for <br />the same aggregate principal amount, will be issued to the <br />transferee in exchange therefor. <br /> <br /> Bonds shall be registered only in the name of an individual <br /> (including joint owners), a corporation, a partnership or a trust. <br /> <br /> Neither the City nor the Bank shall be required to make such <br />exchange or registration of transfer of bonds during the fifteen <br /> <br /> 4 <br /> <br /> <br />