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<br />A-2 <br />such variations, if any, as may be required to designate varying numbers, maturities and interest <br />rates), and is issued under and pursuant to the provisions of an indenture of trust, dated as of <br />_______ 1, 2024 (the “Indenture”), between the Authority and the Trustee. The Authority may <br />issue or incur additional obligations on a parity with the Bonds, but only subject to the terms of <br />the Indenture. Reference is hereby made to the Indenture (copies of which are on file at the Office <br />of the Trustee) and all supplements thereto for a description of the terms on which the Bonds are <br />issued, the provisions with regard to the nature and extent of the Revenues, and the rights <br />thereunder of the owners of the Bonds and the rights, duties and immunities of the Trustee and <br />the rights and obligations of the Authority thereunder, to all of the provisions of which the <br />Registered Owner of this Bond, by acceptance hereof, assents and agrees. <br /> <br />The Bonds are issued to provide funds to refinance certain public improvements of the <br />water system of the City of Redwood City (the “City”). The Bonds are limited obligations of the <br />Authority and are payable, as to interest thereon and principal solely from Revenues (as defined <br />in the Indenture). All the Bonds are equally and ratably secured in accordance with the terms and <br />conditions of the Indenture by a pledge of the Revenues, which Revenues shall be held in trust <br />for the security and payment of the interest on, principal of and redemption premiums, if any, on <br />the Bonds as provided in the Indenture. Neither the faith and credit of the Authority, the State of <br />California, nor any of its political subdivisions are pledged to the payment of the principal of or <br />interest on the Bonds. <br /> <br />Copies of the Indenture are on file at the Principal Office of the Trustee. Reference is <br />hereby made to the Indenture and to any and all amendments thereof and supplements thereto <br />for a description of the agreements, conditions, covenants and terms securing the Bonds, for the <br />nature, extent and manner of enforcement of such agreements, conditions, covenants and terms, <br />for the rights and remedies of the Owners of the Bonds with respect thereto and for the other <br />agreements, conditions, covenants and terms upon which the Bonds are executed and delivered <br />thereunder. <br /> <br />To the extent and in the manner permitted by the terms of the Indenture, the provisions of <br />the Indenture may be amended or supplemented in writing by the parties thereto (in certain <br />instances without the consent of the Owners of Bonds), but no such amendment or supplement <br />shall (i) reduce the, rate of interest evidenced hereby or extend the time of payment of such <br />interest or reduce the amount of principal hereof or extend the Maturity Date hereof without the <br />prior written consent of the Owner hereof, or (ii) reduce the percentage of Owners of Bonds whose <br />consent is required for the execution of any amendment of or supplement to the Indenture, or (iii) <br />modify any rights or obligations of the Trustee without its prior written consent thereto. <br /> <br />The Bonds are authorized to be executed and delivered in the form of fully registered <br />Bonds in denominations of five thousand dollars ($5,000) or any integral multiple thereof. <br /> <br />This Bond is transferable or exchangeable by the Owner hereof in person or by the <br />Owner’s, attorney duly authorized in writing, at the Principal Office of the Trustee, but only in the <br />manner, subject to the limitations and upon payment of the charges provided in the Indenture, <br />and upon surrender of this Bond for cancellation accompanied by delivery of a duly executed <br />written instrument of transfer or exchange in a form approved by the Trustee. Upon such transfer <br />or exchange, a new Bond or Bonds of authorized denominations of the same Maturity Date and <br />interest rate and in the same aggregate principal amount hereof will be executed and delivered <br />by the Authority and authenticated by the Trustee to the Owner thereof in exchange therefor. The <br />Trustee shall require the payment by the Owner requesting such transfer or exchange of any tax <br />or other governmental charge required to be paid with respect to such transfer or exchange. The <br />8.A. - Page 161 of 255 <br />789