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<br />e
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<br />e.
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<br />. THIS CERTIFICATE is one of a series of Certificates (the "Certificates") dated as of the Dated Date,
<br />specified above, of like designation, date; -.and tenor, except as to number, interest rate, denomination, and maturity
<br />issued pursuant to the Ordinance in the original aggregate principal amount of $7,000,000 for the pwpose of
<br />providing for the payment of contractual obligations to be incurred for the pwpose of providing for the acquisition
<br />of land and construction of street and drainage improvements for Bay Area Boulevard and Canada Road, the
<br />acquisition of land for the police headquarters and emergency operations center, and to pay for the costs associated
<br />with the issuance of the Certificates.
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<br />*REFERENCE IS HEREBY MADE TO THE FURTIlER PROVISIONS OF TIllS CERTIFICATE SET
<br />FORTIl ON THE REVERSE HEREOF, WHICH PROVISIONS SHALL HAVE THE SAME FORCE AND
<br />EFFECf AS IF SET FORTH IN TIllS SPACE.
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<br />**IN WITNESS WHEREOF, this Certificate has been signed with the manual or facsimile signature of the
<br />Mayor of the Issuer and countersigned with the manual or facsimile signature of the City Secretary of the Issuer, and
<br />the official seal of the Issuer has been duly impressed, or placed in facsimile, on this Certificate.
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<br />xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
<br />City Secretary
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<br />xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
<br />Mayor
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<br />(CITY SEAL)
<br />
<br />(Back Panel of Certificates)
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<br />THE CERTIFICATES are issued pursuant to the Ordinance whereunder the City Council of the City
<br />covenants to levy a continuing, direct, annual ad valorem tax on taxable property within the City, within the limits
<br />prescribed by law, for each year while any part of the Certificates are considered outstanding under the provisions of
<br />the Ordinance, in a sufficient amount to pay interest on each Certificate as it becomes due, to provide a sinking fund
<br />for the payment of the principal of the Certificates when due, and to pay the expenses of assessing and collecting
<br />such tax, and this Certificate is additionally secured by and payable from a limited pledge not to exceed $1,000 from
<br />the revenues of the Issuer's waterworks and sewer system (the "System"), which amount is payable from the
<br />revenues remaining after payment of all operation and maintenance expenses of the System, and all debt service,
<br />reserve, and other requirements in connection with all of the Issuer's revenue bonds or other obligations (now or
<br />hereafter outstanding) which are payable from all or any part of the "Net Revenues" of the System. Reference is
<br />hereby made to the Ordinance for provisions with respect to the custody and application of the City's funds,
<br />remedies in the event of a default hereunder or thereunder, and the other rights of the Registered Owner. By
<br />acceptance of this Certificate, the Registered Owner consents to all of the provisions of the Ordinance, a certified
<br />copy of which is on file in the office of the City Secretary.
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<br />THE CITY RESERVES THE RIGHT to redeem the Certificates maturing on or after March 15, 2015, in
<br />whole or in part, in integral multiples of $5,000, on March 15, 2014, or on any date thereafter. Such optional
<br />redemptions shall be at a redemption price C?f par plus accrued interest on the principal amounts called for
<br />redemption to the date fixed for redemption. If less than all of the Certificates are to be redeemed, the particular
<br />Certificates to be redeemed shall be selected by the City in integral multiples of $5,000 within anyone maturity. At
<br />least 45 days prior to the date fixed for any redemption of Certificates or portions thereof prior to maturity a written
<br />notice of such redemption shall be given by the City to the Paying AgentlRegistrar, and the Paying AgentlRegistrar
<br />shall send a copy of such notice at least 30 days prior to the date fixed for redemption by United States mail, first
<br />class, postage prepaid, addressed to the registered owner of each Certificate to be redeemed in whole or in part at the
<br />address shown on the Registration Books; provided, however, that the failure to send, mail, or receive such notice,
<br />or any defect therein or in the sending or mailing thereof, shall not affect the validity or effectiveness of the
<br />proceedings for the redemption of any Certificate. When Certificates or portions thereof have been called for
<br />redemption, and due provision has been made to redeem the same, the principal amounts so redeemed shall be
<br />payable solely from the funds provided for redemption, and interest which would otherwise accrue on the amounts
<br />called for redemption shall tenninate on the date fixed for redemption.
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