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RECEIPT FOR BONDS <br /> The undersigned, as representative of the underwriters from the Santa Ana <br /> Financing Authority (the "Authority") of the Bonds hereinafter described, does hereby certify <br /> that on the date set forth below the undersigned did receive the following securities, to wit: <br /> Title of Bonds: Santa Ana Financing Authority Police Administration and <br /> Holding Facility Lease Revenue Bonds, Series 1994A <br /> Principal Amount: $107,399,438.50 <br /> Date of Bonds: March 1, 1994, with respect to the Current Interest Bonds, <br /> and the date hereof, with respect to the Capital <br /> Appreciation Bonds, the Auction Rate Securities Bonds <br /> and the Inverse Rate Securities Bonds <br /> Said Bonds mature and bear interest as set forth in the schedule attached hereto <br /> as Schedule A. <br /> Said Bonds have been checked, inspected and approved by the undersigned. <br /> Dated: March 23, 1994. <br /> SMITH BARNEY SHEARSON INC., <br /> as representative <br /> C"'"<" <br /> Authorized Signatory <br /> LA 1-69935.3 <br />