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<br />This bond is one of several annual series of bonds of like date, tenor, and effect, <br />but differing in amounts, maturities and interest rates, issued by the City of Redwood City <br />under the Act and the Resolution of Issuance, for the purpose of providing means for <br />paying for the improvements described in the proceedings, and is secured by the <br />moneys in said redemption fund and by the unpaid portion of said assessments made for <br />the payment of said improvements, and, including principal and interest, is payable <br />exclusively out of said fund. <br /> <br />This bond is transferable by the registered owner hereof, in person or by the <br />owner's attorney duly authorized in writing, at the office of the Agent, subject to the <br />terms and conditions provided in the Resolution of Issuance, including the payment of <br />certain charges, if any, upon surrender and cancellation of this bond. Upon such <br />transfer, a new registered bond or bonds, of any authorized denomination or <br />denominations, of the same maturity, and 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 individual (including joint owners), <br />a corporation, a partnership, or a trust. <br /> <br />Neither the City nor the Agent shall be required to make such exchange or <br />registration of transfer of bonds during the 15 days immediately preceding any interest <br />payment date. <br /> <br />The City and the Agent may treat the registered owner hereof as the absolute <br />owner for all purposes, and the City and the Agent shall not be affected by any notice to <br />the contrary. <br /> <br />This bond or any portion of it in the amount of five thousand dollars ($5,000), or <br />any integral multiple thereof, may be redeemed and paid in advance of maturity upon the <br />second day of March or September in any year by giving at least 30 days' notice by <br />registered or certified mail or by personal service to the registered owner hereof at the <br />registered owner's address as it appears on the registration books of the Agent and by <br />paying principal and accrued interest together with a premium equal to 3 percentum of <br />the principal if redeemed on or before September 2, 1998. Thereafter the Bonds shall be <br />subject to the following Redemption Premiums for the following redemption dates: <br /> <br />Redemption Date <br /> <br />Redemption Premium <br /> <br />March 2, 1999 and September 2, 1999 <br />March 2, 2000, and thereafter <br /> <br />1-1/2 % <br />0% <br /> <br />This bond is a limited obligation improvement bond because, under the Resolution <br />of Issuance, the City is not obligated to advance funds from the City treasury to cover <br />any deficiency which may occur in the Redemption Fund for the Bonds; however, the City <br />is not prevented, in its sole discretion, from so advancing funds. <br /> <br />EXHIBIT A <br />A-4 <br /> <br />11305 <br />