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. PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE: NOTICE: The signature(s) to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration, enlargement or any change whatsoever. Signature(s) must be guaran- teed by a commercial bank or trust company or by a broker- age firm having a membership in one of the major stock exchanges. Section 3. fond Terms. Execution and Delivery. 3.01. Maturities. Interest Rates. Denominations. payment. Dating of Bonds. The City shall forthwith issue and deliver the Bonds, which shall be denominated "General Obligation Improvement Bonds of 1990" and shall be payable primarily from the 1990 General Obligation Improvement Bond Fund of the City created in Section 4.02. The Bonds shall be dated initially as of February 1, 1990, shall be issuable in the denominations of $5,000 or any integral multiple thereof, . shall mature on February l in the years and amounts set forth below, and Bonds maturing in such years and amounts shall bear interest from February 1, 1990 until paid or duly called for redemption at the rates per annum set forth opposite such years and amounts, respectively: year ount Rate ~~ ount ~.~ 1992 $10, 000 5.80% 1997 $10, 000 6.15% 1993 10, 000 5.90% 1998 10, 000 6.20% 1994 10, 000 5.90% 1999 15, 000 6.25% 1995 10, 000 6.00% 2000 15, 000 6.30% 1996 10, 000 6.10% 2001 15, 000 6.40% The Bonds shall be issuable only in fully registered form, of single maturities. The interest thereon and, upon surrender of each Bond at the principal office of the Registrar described herein, the principal amount thereof, shall be payable by check or draft issued by the Registrar. Each Bond shall be dated by the Registrar as of the date of its authentication. • -8-