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United States of America <br /> State of California <br /> County of Alameda <br /> <br />REGISTERED REGISTERED <br />Number <br /> <br /> IMPROVEMENT BOND <br /> CITY OF PLEASANTON <br /> VALLEY AVENUE EXTENSION ASSESSMENT DISTRICT NO. 1986-1 <br /> SERIES N0. 1986-1 <br /> <br />INTEREST RATE MATURITY DATE BOND DATE CUSIP NUMBER <br /> August 27, 1986 ' <br /> <br /> Under and by virtue of the Improvement Bond Act of 1915, <br />Division 10, o£ the Streets and Highways Code, (the "Act"), the City <br />of Pleasanton, County of Alameda, State of California, (the "City"), <br />will, out o£ the redemption fund for the payment of the bonds issued <br />upon the unpaid portion of assessments made for the ac~uisition, <br />work and improvements more fully described in proceedings taken <br />pursuant to Resolution of Intention No. 86-255, adopted by the City <br />Council of the City o£ Pleasanton on the 3rd day o£ June, 1986, pay <br />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 ma~er 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 hear <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 hear 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 />the interest hereon is payable hy check or draft mailed to the owner <br />hereof at the owner's address as it appears on the registration <br />hooks 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 /> EXHIBITB <br /> <br /> <br />