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<br />No. R-
<br />
<br />Exhibit A
<br />(Form of Bond)
<br />
<br />United States of America
<br />State of Oregon
<br />County of Lane
<br />City of Eugene
<br />Special Assessment Bond
<br />1996 Series N
<br />
<br />$
<br />
<br />Dated Date:
<br />Interest Rate:
<br />Maturity Date:
<br />Registered Owner:
<br />Principal Amount:
<br />
<br />%
<br />
<br />-'-
<br />
<br />Dollars-----
<br />
<br />THE CITY OF Eugene, in the County of Lane, State of Oregon (the "City"), for value received, acknowledges itself indebted
<br />and hereby promises to pay to the registered owner hereof, or registered assigns, but solely from the Assessments and Available Sewer Revenues as
<br />provided in the Bond Resolution, the principal amount indicated above on the above maturity date together with interest thereon from the date hereof
<br />at the rate per annum indicated above, computed on the basis of a 360-day year of twelve 30-day months. Interest is payable semiannually on the first
<br />day of and the first day of in each year until maturity or prior redemption, commencing
<br />, -' Interest upon this Bond is payable by check or draft through the principal corporate trust office
<br />of the City's paying agent and registrar, which is currently [REGISTRAR], in _, Oregon (the "Paying Agent"). A check or draft will be mailed
<br />on the interest payment date (or the next business day if the interest payment date is not a business day) to the registered owner at the address appearing
<br />on the Bond Register as of the fifteenth day of the month preceding the interest payment date. Bond principal is payable at maturity or prior
<br />redemption upon presentation and surrender of this Bond to the Paying Agent.
<br />Capitalized terms used in this Bond and not defined herein have the meanings defined for such terms in the City Resolution
<br />which authorized issuance of the Bonds (the "Bond Resolution").
<br />THIS BOND IS NOT A GENERAL OBLIGATION OF THE CITY OF EUGENE. THIS BOND IS A SPECIAL
<br />OBLIGATION OF THE CITY, PAYABLE SOLELY FROM THE ASSESSMENTS AND THE AVAILABLE SEWER REVENUES, AS
<br />PROVIDED IN THE BOND RESOLUTION.
<br />This Bond represents an authorized series of Special Assessment Bonds, 1996 Series N in the aggregate principal amount of
<br />$ (the "Bonds"), issued by the City to finance local improvements pursuant to the Bond Resolution and ORS 223.235, in full and
<br />strict accordance and compliance with all of the provisions of the Constitution and Statutes of the State of Oregon and the Charter of the City.
<br />[insert appropriate redemption language when established by the City Official pursuant to Section 11 of the Resolution]
<br />Notice of any call for redemption, unless waived by the registered owners of the Bond or Bonds to be redeemed, shall be mailed
<br />not less than thirty days and not more than sixty days prior to such call to the registered owners of the Bonds, and otherwise given as required by the
<br />Bond Resolution and by law; however, any failure to give notice shall not invalidate the redemption of the Bonds. All Bonds called for redemption
<br />shall cease to bear interest from the date designated in the notice.
<br />The Bonds are issuable in the form of registered Bonds without coupons in the denominations of$5,000 or any integral
<br />multiple thereof Bonds may be exchanged for Bonds of the same aggregate principal amount, but different authorized denominations, pursuant to the
<br />Bond Resolution.
<br />Any transfer of this Bond must be registered, as provided in the Bond Resolution of the City authorizing the issuance of the
<br />Bonds, upon the Bond Register kept for that purpose at the principal corporate trust office of the Paying Agent. 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 Bond Resolution.
<br />The Bondowner may exchange or transfer any Bond only by surrendering it, together with a written instrument of exchange or
<br />transfer which is satisfactory to the Paying Agent and duly executed by the registered owner or his duly authorized attorney, at the principal corporate
<br />trust office of the Paying Agent in the manner and subject to the conditions set forth in the Bond Resolution.
<br />IT IS HEREBY CERTIFIED, RECITED, AND DECLARED that all conditions, acts, and things required to exist, to happen,
<br />and to be performed precedent to and in the issuance ofthis Bond have existed, have happened, and have been performed in due time, form, and
<br />manner as required by the Constitution and Statutes of the State of Oregon and the Charter of the City; that the issue of which this Bond is a part, and
<br />all other obligations of such City, are within every debt limitation and other limit prescribed by such Constitution, Statutes and Charter.
<br />IN WITNESS WHEREOF, the City Council of the City of Eugene, in Lane County, Oregon, has caused this Bond to be signed
<br />
<br />by its City Official.
<br />
<br />City of Eugene,
<br />Lane County, Oregon
<br />
<br />City Official
<br />
<br />This Bond shall not be valid unless properly authenticated by the Paying Agent in the space indicated below.
<br />Dated:
<br />
<br />herein.
<br />[REGISTRAR], as Paying Agent
<br />
<br />Certificate of Authentication
<br />This bond represents the City's Special Assessment Bonds, 1996 Series N, issued pursuant to the Bond Resolution described
<br />
<br />Authorized Officer
<br />
<br />Page 1 Exhibit A (Form of Note)
<br />
<br />J :\HWR \CITIES\EUGENE\SAB96\SAB96RES.DOC
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