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APPENDIX A <br />(FORM OF BOND] <br />N0. a <br />UNITED STATES OF AMERICA <br />STATE OF CALIFORNIA <br />PLEASANTON JOINT POWERS FINANCING AUTHORITY <br />REFUNDING WATER AND SEWER REVENUE BONDS <br />1994 SERIES A <br />Rate of Interest Maturity Date Dated Date CUSIP <br />REGISTERED OWNER: CEDE & CO. <br />PRINCIPAL AMOUNT: DOLLAA& <br />The PLEASANTON JOINT POWERS FINANCING AUTHORITY, ajoint powers <br />authority, duly created and lawfully existing under the Constitution and laws of the State of <br />California ([he "Authority"), for value received, hereby promises to pay (but only out of the <br />Revenues hereinafter refereed to) to the registered owner specified above or registered assigns on <br />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 Dale <br />(defined below) next preceding the date of authentication hereof (unless such date of authentication <br />is during [he period commencing after the fifteenth day of the month preceding an Interest Payment <br />Dale (the "Record Date") through and including the next succeeding Interest Payment Date, in <br />which event this Bond shall bear interest from such Interest Payment Date, or unless such date of <br />authentication is on or prior to the firs[ Record Date, in which event it shall bear interest from May <br />1, 1994 until the principal hereof shall have been paid at the interest rate per annum specified <br />above, payable on May 1, 1994, and semiannually thereafter on May 1 and November 1 in each <br />year (each, an "Interest Payment Date"); provided, however, [hat if on the date of authentication of <br />this Bond, interest is [hen in default on this Bond, such Bond shall bear interest from the interest <br />payment date to which interest has previously been paid or made available for payment. <br />The principal of [his Bond shall be payable in lawful money of the United States of <br />America at the corporate tmst office of First Trust California (the "Trustee") in San Francisco, <br />California, upon presentation and surrender of this Bond. <br />Payment of interest on this Bond due on or before the maturity or prior redemption, <br />thereof shall be made to the person in whose name such Bond is registered, as of the Record Date <br />preceding the applicable Interest Payment Date, on the registration books kept by the Trustee at its <br />corporate tmst office, in San Francisco, California, such interest [o be paid by check mailed by first <br />class mail on such interest payment date to the registered owner at his address as it appears on such <br />A-1 <br />94oero~z.ur <br />