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<br />Any transfer of this Bond must be registered, as provided in the Bond Resolution, upon the Bond <br />Register kept for that purpose at the principal corporate trust office of the Paying Agent. <br /> <br />The Bondowner may exchange or transfer any Bond only by surrendering it, together with a <br />written instrument of exchange or transfer which is satisfactory to the Paying Agent and duly executed by the <br />Registered Owner or his or her duly authorized attorney, at the principal corporate trust office of the Paying Agent <br />in the manner and subject to the conditions set forth in the Bond Resolution. The City and the Paying Agent may <br />treat the person in whose name this Bond is registered as its absolute owner for all purposes, as provided in the <br />Bond Resolution. <br /> <br />IT IS HEREBY CERTIFIED, RECITED, AND DECLARED that all conditions, acts, and things <br />required to exist, to happen, and to be performed precedent to and in the issuance of this Bond have existed, have <br />happened, and have been performed in due time, form, and manner as required by the Constitution and Statutes of <br />the State of Oregon and the Charter of the City; that the issue of which this Bond is a part, and all other obligations <br />of such City, are within every debt limitation and other limits prescribed by such Constitution, Statutes and <br />Charter; and that the City Council has covenanted to levy annually a direct ad valorem tax upon all taxable <br />property within the City in an amount sufficient, with other available funds, to pay the interest on and the principal <br />of the Bonds of such issue as they become due and payable; provided that the amount of such tax shall not exceed <br />the amount permitted under Section 11 b( 1), Article XI of the Oregon Constitution. <br /> <br />IN WITNESS WHEREOF, the City Manager of the City of Eugene, in Lane County, Oregon has caused this <br />Note to be executed by the facsimile signature of its Finance Officer as of the date indicated above. <br /> <br />City of Eugene, Oregon <br /> <br />Jrr- <br /> <br />.11 <br /> <br />~ <br /> <br />Warren G. Wong, Finance Officer <br /> <br />This bond shall not be valid unless properly authenticated by the Paying Agent in the space indicated below. <br /> <br />Dated: <br /> <br />Certificate of Authentication <br /> <br />This is one of the City's Limited Tax Improvement Bonds, Series 1996-Q, issued pursuant to the Bond <br />Resolution described herein. <br /> <br />[PAYING AGENT], as Paying Agent <br /> <br />Authorized Officer <br /> <br />Assignment <br /> <br />FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto <br /> <br />Please insert social security or other identifying number of assignee this Bond and does hereby <br />irrevocably constitute and appointed as attorney to transfer this Bond on the books kept for registration thereof with <br />the full power of substitution in the premises. <br /> <br />Page 2 - Exhibit A (Form of Bond) <br /> <br />J:\HWR\CITIES\EUGENE\L TOT AX. 96\L T AXRES.OOC <br />