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APPENDIX A <br />(FORM OF BOND] <br />NO._ $ <br />UNTT'ED STATES OF AMERICA <br />STATE OF CALIFORNIA <br />PLEASANTON JOINT POWERS FINANCING AL]THORTTY <br />REFUNDING LEASE REVENUE BONDS <br />1994 SERffiS B <br />Rate of Interest Maturity Date Dated Date CUSIP <br />May 1, 1994 <br />REGISTERED OWNER: CEDE & CO. <br />PRINCIPAL AMOUNT: DOLLARS <br />The PLEASANTON JOINT POWERS AUTHORITY, ajoint powers <br />authority, duly created and lawfully existing under the Constitution and laws of [he State of <br />Califomia (the "Authority"), for value received, hereby promises to pay (but only out of the <br />Revenues hereinafter referred to) to the registered owner specified above or registered assigns <br />on the maturity date specified above (subject to any right of prior redemption provided for) the <br />principal sum specified above, together with interest thereon from the Interest Payment Date <br />(defined below) next preceding [he date of authentication hereof (unless such date of <br />authenticazion is during the period commencing after the fifteenth day of the month preceding <br />an Interest Payment Date (the "Record Date") through and including the next succeeding <br />interest payment date, in which event this Bond shall bear interest from such Interest Payment <br />Date, or unless such date of authentication is on or prior to the firs[ Record Date, in which <br />event it shall bear interest from May 1, 1994) until the principal hereof shall have been paid at <br />the interest rate per annum specified above, payable on November 1, 1994, and semiannually <br />thereafter on May 1 and November I in each year (each, an "Interest Payment Date"); <br />provided, however, that if on the date of authentication of this Bond, interest is then in default <br />on this Bond, such Bond shall bear interest from the interest payment date to which interest <br />has previously been paid or made available for payment. <br />The principal of this Bond shall be payable in lawful money of the United <br />Blazes of America at the corporate trust office of First Trust California (the "Trustee") in <br />San Francisco, Califomia, upon presentation and surrender of this Bond. <br />A-1 <br />94116901MLAI <br />