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bear interest from such interest payment date, or unless this Bond <br /> is authenticated and registered prior to September 2, 1988, in which <br /> 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 September 2, 1988. Both the principal <br /> hereof and redemption premium hereon are payable at the principal <br /> corporate trust office of the Bank of America National Trust and <br /> Savings Association-Corporate Agency Division, or its successor, as <br /> Transfer Agent, Registrar and Paying Agent, in San Francisco, <br /> California, and the interest hereon is payable by check or draft <br /> mailed to the owner hereof at the owner's address as it appears on <br /> the registration books of the Bank, or at such address as may have <br /> been filed with the Bank for that purpose, as of the fifteenth day <br /> immediately preceding each interest payment date. <br /> <br /> REFERENCE IS MADE TO THE FURTHER PROVISIONS OF THIS BOND <br /> SET FORTH IN THE REVERSE SIDE HEREOF WHICH SHALL FOR ALL PURPOSES <br /> HAVE 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. <br /> If 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 />'Act or the Resolution Authorizing Issuance of Bonds (the "Resolution <br /> <br /> <br />