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United States of America <br /> State of California <br /> County. of Alameda <br /> <br />REGISTERED REGISTERED <br />Number $ <br /> <br /> REFUNDING BOND <br /> CITY OF PLEASANTON <br /> STONERIDGE BUSINESS CENTER REFUNDING DISTRICT NO. 1986-3 <br /> SERIES NO. 1986-3 <br /> <br />INTEREST RATE MATURITY DATE BOND DATE CUSIP NUMBER <br /> April 17, 1986 <br /> <br /> Under and by virtue of the Refunding Act of 1984 for 1915 <br />Improvement Act Bonds, Division 11.5 of the Streets and Highways <br />Code, (the "Act"), the City of Pleasanton, County of Alameda, State <br />of California, (the "City"), will, out of the redemption fund for <br />the payment of the bonds issued upon the unpaid portion of <br />reassessments made for the refunding of all outstanding 1915 Act <br />bonds in Assessment District No. 1984-2, Stoneridge Business Center, <br />more fully described in the Resolution of Intention adopted by the <br />City Council of the City of Pleasanton on the 1st day of April, <br />1986, pay to <br /> <br />or registered assigns, on the maturity date stated above, the <br />principal sum of ., in lawful money of the <br />United States of America and in like manner will pay interest from <br />the interest payment date next preceding the date on which this Bond <br />is authenticated, unless this Bond is authenticated and registered <br />as of an interest payment date, in which event it shall bear <br />interest from such interest payment date, or unless this Bond is <br />authenticated and registered prior to March 2, 1987, in which event <br />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, 1987. Both the principal hereof <br />and redemption premium hereon are payable at the principal corporate <br />trust office of 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 />th~ 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 /> EXHIBIT-B <br /> <br /> <br />