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(REVERSE OF BOND) <br /> <br /> CITY OF PLEASANTON <br /> STONERIDGE BUSINESS CENTER REFUNDING DISTRICT NO. 1986-3 <br /> <br /> ADDITIONAL PROVISIONS OF THE BOND <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 Act <br />and the Resolution of Issuance, for the purpose of refunding bonds <br />described in said proceedings, and is secured by the moneys in <br />said redemption fund and by the unpaid portion of said <br />reassessments made for the payment of said bonds, and, including <br />principal and 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, of <br />the same maturity, for the same aggregate principal amount, will <br />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 shal'l be required to make <br />such exchange or registration of transfer of bonds during the <br />fifteen (15) days immediately preceding any interest payment date. <br /> <br /> The City and the Bank may treat the owner hereof as the <br />absolute owner for all purposes, and the City and the Bank shall <br />not be affected by any notice to the contrary. <br /> <br /> This bond or any portion of it in the amount of $5,000 <br />or any integral multiple thereof, may be redeemed and paid in <br />advance of maturity upon the second day of March or September in <br />any year by giving at least 60 days' notice by registered mail to <br />the registered owner hereof at such owner's address as it appears <br />on the registration books of the Bank and by paying principal and <br />accrued interest together with a premium equal to three percentum <br />of the principal. <br /> <br /> I hereby certify that the following is a correct copy of <br />the signed legal opinion of STURGIS, NESS, BRUNSELL & SPERRY a <br />professional corporation, Emeryville, California, on file in my <br />office. <br /> City Clerk <br /> <br /> <br />