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<br />A-4 <br /> <br />This Bond is transferable by the Registered Owner hereof, in person or by his attorney <br />duly authorized in writing, at the Trust Office, but only in the manner, subject to the limitations <br />and upon payment of the charges provided in the Indenture, and upon surrender and <br />cancellation of this Bond. Upon registration of such transfer, a new Bond or Bonds, of <br />authorized denomination or denominations, for the same aggregate principal amount and of the <br />same maturity will be issued to the transferee in exchange herefor. This Bond may be <br />exchanged at the Trust Office for Bonds of the same tenor, aggregate principal amount, interest <br />rate and maturity, of other authorized denominations. <br /> <br />The Authority and the Trustee may treat the Registered Owner hereof as the absolute <br />owner hereof for all purposes, and the Authority and the Trustee shall not be affected by any <br />notice to the contrary. <br /> <br />Unless this Bond is presented by an authorized representative of The Depository Trust <br />Company to the Authority or the Trustee for registration of transfer, exchange or payment, and <br />any Bond issued is registered in the name of Cede & Co. or such other name as requested by <br />an authorized representative of The Depository Trust Company and any payment is made to <br />Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR <br />OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, <br />Cede & Co., has an interest herein. <br /> <br />It is hereby certified by the Authority that all of the things, conditions and acts required to <br />exist, to have happened or to have been performed precedent to and in the issuance of this <br />Bond do exist, have happened or have been performed in due and regular time, form and <br />manner as required by the Indenture and the laws of the State of California and that the amount <br />of this Bond, together with all other indebtedness of the Authority, does not exceed any limit <br />prescribed by the Indenture or any laws of the State of California, and is not in excess of the <br />amount of Bonds permitted to be issued under the Indenture. <br /> <br />This Bond shall not be entitled to any benefit under the Indenture or become valid or <br />obligatory for any purpose until the certificate of authentication hereon endorsed shall have <br />been manually signed by the Trustee. <br /> <br /> <br />Page 66 of 205