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State, nor any of its political subdivisions, is liable hereon nor in any event shall this Bond be
<br /> payable out of any funds or properties of the Authority other than the Revenues.
<br /> This Bond is one of a duly authorized issue of bonds of the Authority designated as the
<br /> "Countywide Public Financing Authority 1996 Revenue Bonds" (the "Bonds"), in an aggregate
<br /> principal amount of twenty-seven million seven hundred twenty-five thousand dollars
<br /> ($27,725,000), all of like tenor and date (except for such variation, if any, as may be required to
<br /> designate varying numbers, maturities, interest rates or redemption provisions) and all issued
<br /> pursuant to the provisions of Article 4 of Chapter 5 of Division 7 of Title 1 of the California
<br /> Government Code, commencing with section 6584 of said Code (the "Bond Law"), and
<br /> pursuant to an Indenture of Trust, dated as of July 1, 1996, by and between the Authority and
<br /> the Trustee (the "Indenture") and a resolution of the Authority adopted on June 19, 1996,
<br /> authorizing the issuance of the Bonds. Reference is hereby made to the Indenture (copies of
<br /> which are on file at the office of the Authority) and all supplements thereto for a description of
<br /> the terms on which the Bonds are issued, the provisions with regard to the nature and extent of
<br /> the Revenues,and the rights thereunder of the owners of the Bonds and the rights, duties and
<br /> immunities of the Trustee and the rights and obligations of the Authority thereunder, to all of
<br /> the provisions of which the Registered Owner of this Bond, by acceptance hereof, assents and
<br /> agrees.
<br /> The Bonds have been issued by the Authority to aid in financing certain 800 MHz
<br /> communications facilities and other capital improvements.
<br /> In order to provide for the repayment of the Bonds, each Member has agreed to lease
<br /> certain real property and improvements to the Authority and to lease-back such real property
<br /> and improvements from the Authority pursuant to a lease agreement, dated as of July 1, 1996,
<br /> by and between the Authority, as lessor, and such Member, as lessee, under which such
<br /> Members,in the aggregate,have agreed to make certain lease payments to the Authority which
<br /> have been calculated to be sufficient to enable the Authority to pay the principal of and interest
<br /> and premium (if any) on the Bonds when due and payable. This Bond and the interest and
<br /> premium, if any, hereon and all other Bonds and the interest and premium, if any, thereon (to
<br /> the extent set forth in the Indenture) are special obligations of the Authority, and are payable
<br /> from, and are secured by a charge and lien on the Revenues as defined in the Indenture,
<br /> consisting primarily of lease payments to be made by the Members. As and to the extent set
<br /> forth in the Indenture,all of the Revenues are exclusively and irrevocably pledged in accordance
<br /> with the terms hereof and the provisions of the Indenture, to the payment of the principal of
<br /> and interest and premium (if any)on the Bonds.
<br /> The rights and obligations of the Authority and the owners of the Bonds may be
<br /> modified or amended at any time in the manner, to the extent and upon the terms provided in
<br /> the Indenture, but no such modification or amendment shall extend the fixed maturity of any
<br /> Bonds,or reduce the amount of principal thereof or premium (if any)thereon,or extend the time
<br /> of payment, or change the method of computing the rate of interest thereon, or extend the time
<br /> of payment of interest thereon,without the consent of the owner of each Bond so affected.
<br /> The Bonds maturing on or before August 1, 2006, are not subject to optional redemption
<br /> prior to their respective stated maturities. The Bonds maturing on or after August 1, 2007, are
<br /> subject to redemption at the option of the Authority as a whole, or in part in such order of
<br /> maturity as the Member electing to prepay its lease payments shall designate (and,if no specific
<br /> order of redemption is designated by such Member, in inverse order of maturity; provided,
<br /> however, that only Bonds in which such Member has an interest may be redeemed by such
<br /> Member's election on any date on or after August 1, 2006, from any available source of funds,
<br /> at the following redemption prices (expressed as a percentage of the principal amount of the
<br /> Bonds to be redeemed)together with accrued interest thereon to the date fixed for redemption:
<br /> Exhibit A
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