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This Bond is one of several annual series of bonds of like date, tenor and effect, but differing in amounts, maturities and interest rates, issued by said City under the Act and the Resolution of Issuance for the purpose of providing means for paying for the refunding of a portion of bonds as more particularly described in said proceedings, and is secured by the moneys in said redemption fund and by the unpaid portion of said reassessments made for the payment of said refunding, and, including principal and interest, is payable exclusively out of said fund. This Bond is transferable by the Registered Owner hereof, in person or by the Registered Owner's attorney duly authorized in writing. at said office of the Agent, subject to the terms and conditions provided in the Resolution of Issuance, including the payment of certain charges, if any, upon surrender and cancellation of this Bond. Upon such transfer, a new registered Bond or Bonds, of any authorized denomination or denominations, of the same maturity, and for the same aggregate principal amount, will be issued to the transferee in exchange herefor. Bonds shall be registered only in the name of an individual (including joint owners), a corporation, a partnership or a trust. Neither the City nor the Agent shall be required to make such exchange or registration of transfer of Bonds during the fifteen (15) days immediately preceding any March 2 or September 2 or any exchange or transfer of a Bond after such Bond has been called for redemption. The City and the Agent may treat the Registered Owner hereof as the absolute owner for all purposes, and the City and the Agent shall not be affected by any notice to the contrary. This Bond, or any portion of it in the amount of five thousand dollars ($5,000) or any integral multiple thereof, may be redeemed and paid in advance of maturity upon the 2nd day of March or September in any year by giving at least 30 days' notice by registered or certified mail or personal service to the Registered Owner hereof at such Registered Owner's address as it appears on the registration books of the Agent and by paying principal and accrued interest together with a premium equal to a percentum of the principal as follows: The Bonds shall be subject to a Redemption Premium of three percent (3%) of the principal amount thereof being redeemed if redeemed on or before September 2, 1998. Thereafter the Bonds shall be subject to the following Redemption Premiums for the following redemption dates: Redemption Date Redemption Premium March 1, 1999 and September 2, 1999 March 2, 2000, and thereafter 1-1/2% 0% The Bonds are Limited Obligation bonds because the City is not obligated to advance available funds from the City treasury to cure any deficiency which may occur in the redemption fund for the Bonds, but, in its sole discretion, the City may elect to do so. EXHIBIT A Page 4 11261