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<br />A-3 <br />Trustee may treat the Owner hereof as the absolute owner hereof for all purposes, whether or not <br />this Bond shall be overdue, and the Trustee shall not be affected by any knowledge or notice to <br />the contrary; and payment of the interest and principal and redemption premium, if any, evidenced <br />by this Bond shall be made only to such Owner, which payments shall be valid and effectual to <br />satisfy and discharge liability evidenced by this Bond to the extent of the sum or sums so paid. <br /> <br />The Trustee shall not be obligated to make any such registration of transfer or exchange <br />of Bonds during the fifteen (15) day period prior to the date on which notice of redemption must <br />be mailed pursuant to the Indenture, or with respect to any Bond which has been selected for <br />redemption pursuant to the Indenture (except any unredeemed portion thereof). <br /> <br />The Bonds are not subject to redemption prior to their stated maturity date. <br /> <br />The Trustee has no obligation or liability to the Owners of the Bonds for the payment of <br />the interest or principal or redemption premiums, if any, on the Bonds; but rather the Trustee’s <br />sole obligations are to administer, for the benefit of the Authority and the Owners of the Bonds, <br />the various funds established under the Indenture. <br /> <br />This Bond shall not be entitled to any benefit, protection or security under the Indenture <br />or become valid or obligatory for any purpose until certificate of authentication and registration <br />hereon endorsed shall have been manually executed and dated by the Trustee. <br /> <br />It is hereby certified that all acts and proceedings required by law necessary to make this <br />Bond, when executed by the Authority, authenticated and delivered by the Trustee and duly <br />issued, the valid, binding and legal limited obligation of the Authority have been done and taken, <br />and have been in all respects duly authorized. <br /> <br />Unless this Bond is presented by an authorized representative of The Depository <br />Trust Company, a New York corporation (“DTC”), to the Authority or the Trustee for <br />registration of transfer, exchange, or payment, and any Bond issued is registered in the <br />name of Cede & Co. or in such other name as is requested by an authorized representative <br />of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by <br />an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF <br />FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the <br />registered owner hereof, Cede & Co., has an interest herein. <br /> <br />IN WITNESS WHEREOF, the City of Redwood City Public Financing Authority has caused <br />this Bond to be executed in its name and on its behalf by the manual or facsimile signature of its <br />Chairman and attested to by the manual or facsimile signature of its Secretary, and has caused <br />this Bond to be dated as of the dated date set forth above. <br /> <br />CITY OF REDWOOD CITY PUBLIC <br />FINANCING AUTHORITY <br /> <br /> <br /> <br />By: <br /> Chairman <br /> <br />[SEAL] <br /> <br />8.A. - Page 162 of 255 <br />790