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<br />Project", adopted by the Agency on June 24, 1980, as supplemented (here in
<br />called the "Resolution") and pursuant to Chapter 8, commencing with Section
<br />33750, of Part 1 of Division 24 of the Health and Safety Code of the State 'of
<br />California, as now or hereafter amended.
<br />
<br />Copies of the Resolution are on file at the office of the Agency and at
<br />the aforesaid corporate trust office of the Trustee, and reference to the
<br />Resolution and any and all supplements thereto and modifications and
<br />amendments thereof and to the Act is made for a description of the pledges and
<br />covenants securing the Bonds; the nature, extent and manner of enforcement of
<br />such pledges; the rights and remedies of the bearers or registered owners of
<br />the Bonds with respect thereto and the terms and conditions upon which the
<br />Bonds are issued and may be issued thereunder. To the extent and in the
<br />manner permitted by the terms of the Resolution, the provisions of the
<br />Resolution or any resolution amendatory thereof or supplemental thereto, may
<br />be modified or amended by the Agency, with the written consent of the holders
<br />of at least two-thirds in principal amount of the Bonds then outstanding.
<br />
<br />This Bond is transferable, as provided in the Resolution, only upon the
<br />bond register kept for that purpose at the corporate trust office of the
<br />Trustee by the registered owner hereof in person, or by his attorney duly
<br />authorized in writing, upon the surrender of this Bond together with a written
<br />instrument of transfer satisfactory to the Trustee duly executed by the
<br />registered owner or his attorney duly authorized in writing, and thereupon a
<br />new registered Bond or 80nds, without coupons, and in the same aggregate
<br />principal amount and of the same maturity, shall be issued to the transferee
<br />in exchange therefor as provided in the Resolution, and upon the payment of
<br />the charges, if any, including, after the first exchange, the cost of
<br />preparing new Bonds, therein prescribed.
<br />
<br />The 80nds are issuable in the form of coupon Bonds, registrable as to
<br />principal only, in the denomination of $5,000, and in the form of fully
<br />registered Bonds without coupons in the denomination of $5,000 or any integral
<br />multiple thereof, not exceeding the aggregate principal amount of the Bonds
<br />maturing in the year of maturity of the 8ond for which the denomination of the
<br />Bond is specified. Coupon Bonds, upon surrender thereof at the corporate
<br />trust office of the Trustee, with all unmatured coupons attached, may, at the
<br />option of the holder thereof, be exchanged for an equal aggregate principal
<br />amount of fully registered 80nds of the same maturity of any of the authorized
<br />denominations, "in the manner, subject to the conditions, and upon the payment
<br />of the charges, if any, including after the first exchange, the cost of
<br />preparing a new Bond, provided in the Resolution. In like manner, subject to
<br />such conditions and upon the payment of such charges, if any, including after
<br />the first exchange the cost of preparing a new Bond, fully registered Bonds,
<br />upon surrender thereof at the corporate trust office of the Trustee with a
<br />written instrument of transfer satisfactory to the Trustee, duly executed by
<br />the registered owner or his attorney duly authorized in writing, may, at the
<br />option of the registered owner thereof, be exchanged for an equal aggregate
<br />
<br />ii.
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