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NUMBER R-IRS-1 $10,600,000 <br /> Unless this certificate is presented by an authorized representative of The Depository <br /> Trust Company, a New York corporation ("DTC"), to the Authority or its agent for <br /> registration of transfer, exchange, or payment, and any certificate issued is registered in the <br /> name of Cede & Co. or in such other name as is requested by an authorized representative of <br /> DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an <br /> authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE <br /> HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL <br /> inasmuch as the registered owner hereof, Cede & Co., has an interest herein. <br /> THIS BOND MAY NOT BE SPLIT UP, TRANSFERRED OR EXCHANGED <br /> EXCEPT AS PROVIDED IN THE INDENTURE REFERRED TO HEREIN <br /> SANTA ANA FINANCING AUTHORITY <br /> POLICE ADMINISTRATION AND HOLDING FACILITY <br /> LEASE REVENUE BONDS, SERIES 1994A <br /> (INVERSE RATE SECURITY) <br /> INTEREST RATE MATURITY DATE DATED DATE CUSI ER <br /> Variable July 1, 2014 March 23, 1994 09AB5 <br /> cQk <br /> J` <br /> REGISTERED OWNER:CEDE & CO. <br /> PRINCIPAL SUM: TEN MILLION SIX HUNDRED THOUSAND DOLLARS <br /> FOR VALUE RECEIVED, THE Santa Ana Financing Authority (the "Authority"), a <br /> joint powers authority, duly created and existing under the laws of the State of California <br /> (the "State"), hereby promises to pay, but solely from the sources hereinafter described and <br /> from no other source, to the registered owner named above or registered assigns, the <br /> principal amount specified above on the maturity date specified above, and to pay to the <br /> registered owner named above or registered assigns, solely from said sources, interest on <br /> said principal amount from January 1, 1995 or from the most recent Interest Payment Date <br /> (as hereafter defined) to which interest has been paid or duly provided for, until the principal <br /> hereof is paid or duly provided for, at the rate and on the dates determined as provided <br /> herein. The principal of and premium, if any, on this Bond shall be payable at the principal <br /> corporate trust office of Meridian Trust Company of California, as trustee under the <br /> Indenture hereinafter referred to (together with each successor trustee under the Indenture, <br /> the "Trustee"), or if a successor trustee is hereafter appointed, then at the principal corporate <br /> trust office of such successor, or at the principal corporate trust office of any other paying <br /> agent appointed under the Indenture, upon surrender of this Bond at such principal corporate <br /> trust office. Interest on this Bond (other than Defaulted Interest, as hereafter defined) shall <br /> LA1-70383.I <br />