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<br />2/28/78
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<br />PROVISIONS FOR REDEMPTION
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<br />If this bond matures on or after April 1, 1990, it is redeemable at the prices, in the manner, subject
<br />to the terms and provisions, and with the effect, set forth in the resolution of the Community Redevelop-
<br />ment Agency of the City of Santa Ana referred to on the face of this bond, at the option of said Agency,
<br />on April 1, 1989, or on any interest payment date thereafter prior to maturity.
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<br />[FORM OF FULLY REGISTERED BOND]
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<br />Fully Registered Bond
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<br />No.R,
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<br />Bearer Bond Nos.
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<br />UNITED STATES OF AMERICA
<br />STATE OF CALIFORNIA
<br />COUNTY OF ORANGE
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<br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA
<br />CITY OF SANTA ANA REDEVELOPMENT PROJECT ~
<br />1978 TAX ALLOCATION BOND
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<br />THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA (hereinafter some-
<br />times called "the Agency"), a public body, corporate and politic, duly organized and existing under
<br />the laws of the State of California, for value received, hereby promises to pay (but solely from the
<br />funds hereinafter mentioned) to ' ,,"'" ,," '" ,"""" "or
<br />registered assigns on April 1, (subject to the right of prior redemption hereinafter mentioned),
<br />the principal sum of " " " , , , , , Dollars ($ , " ), together with
<br />interest thereon from the interest payment date next preceding the date hereof (unless the date
<br />hereof is prior to October 1, 1978, in which event from April I, 1978, or unless this Bond is dated
<br />Aprill, or October I, in which event from the date hereof) at the rate of % per annum, interest
<br />payable semiannually on the lint day of April and the lint day of October of each and every year
<br />until this bond is paid, provided, however, that if at the maturity date of this bond or, if the same
<br />is duly called for redemption, then at the date fixed for redemption, funds are available for payment
<br />or redemption thereof, as provided in the resolution hereinafter mentioned, this bond shall then
<br />cease to bear interest Both principal and interest are payable in lawful money of the United States
<br />of America and (except for interest which is paYllble by check or draft mailed to the registered
<br />owners hereof as provided in the Resolution hereinafter referred to) are payable at the principal
<br />office of United California Bank, Fiscal Agent for the Agency, in Los Angeles, California, or, at
<br />the option of the holder hereof, at the office of any Paying Agent of the Agency in New York,
<br />New York, or Chicago, 1IIinois.
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<br />This bond, the interest thereon, or any premium payable upon the redemption thereof, are not
<br />a debt of the City of Santa Ana, the State of California or any of its political subdivisions and
<br />neither said city, said state nor any of its political subdivisions is liable thereon, nor in any event
<br />sball this bond or said interest or premiums be payable out of any funds or properties other Ìhan
<br />the funds of the Agency hereinafter mentioned. This bond does not constitute an indebtedness
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