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<br />FORM OF BOND <br /> <br />United States of America <br />State of California <br />County of San Mateo <br /> <br />Registered <br />Number A- <br /> <br />Registered <br /> <br />$ <br /> <br />Limited Obligation Improvement Bond <br />CITY OF REDWOOD CITY <br />Seaport Centre Assessment District-1990 <br /> <br />Interest Rate <br /> <br />Maturity Date <br /> <br />Bond Date <br /> <br />CUSIP <br /> <br />REGISTERED OWNER: <br /> <br />PRINCIPAL AMOUNT: <br /> <br />DOLLARS <br /> <br />Under and by virtue of the Improvement Bond Act of 1915, Division 10 <br />(commencing with Section 8500) of the Streets and Highways Code (the" Act"), the City <br />of Redwood City (the "City"), County of San Mateo, State of California, will, out of the <br />redemption fund for the payment of the bonds issued upon the unpaid portion of <br />assessments made for the acquisition, work and improvements more fully described in <br />proceedings taken pursuant to Resolution of Intention No. _ adopted by the City <br />Council of the City on May 7, 1990, pay to the registered owner named above or <br />registered assigns, on the maturity date stated above, the principal amount stated <br />above, in lawful money of the United States of America and in like manner will pay <br />interest from the interest payment date next preceding the date on which this bond is <br />authenticated, unless this bond is authenticated and registered as of an interest payment <br />date, in which event it shall bear interest from such interest payment date, or unless this <br />bond is authenticated and registered prior to March 2, 1991, in which event it shall bear <br />interest from its date until payment of the principal amount shall have been discharged, <br />at the rate per annum stated above, payable semiannually on March 2 and September 2 <br /> <br />EXHIBIT A <br />A-1 <br /> <br />11305 <br />