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<br />This Bond will bear interest payable to the Registered Owner at the Interest Rate <br />specified above from the most recent interest payment date to which interest has been paid or <br />provided for, or, if no interest has been paid, from the date of this Bond. This Bond is one of an <br />authorized series issued pursuant to an ordinance of the City Council adopted on January 6, 2004 <br />(the "Bond Ordinance"). This Bond bears interest, matures, is payable, and is transferable as <br />provided in the Bond Ordinance and Sale Certificate. To the extent not defined herein, terms <br />used in this Bond shall have the same meanings as set forth in the Bond Ordinance. The Bonds <br />are subject to optional and mandatory sinking fund redemption as provided in the Bond <br />Ordinance and the Sale Certificate. <br /> <br />The principal of the Bonds shall be payable at the Principal Operations Office of <br />the Paying Agent, upon presentation and surrender of such Bonds. Except as otherwise provided <br />in the Bond Ordinance, payment of interest on the Bonds shall be paid by check mailed on the <br />interest payment date to the person appearing on the registration records of the City as the <br />Registered Owner thereof as of the close of business of the Registrar on the Record Date to the <br />address of such owner as it appears on the registration records of the City. <br /> <br />Reference is made to the Bond Ordinance and to all ordinances supplemental <br />thereto, with respect to the nature and extent of the security for the Bonds, rights, duties and <br />obligations of the City, the rights of the owners of the Bonds, the rights, duties and obligations of <br />the Paying Agent and Registrar, the circumstances under which any Bond is no longer <br />Outstanding, the ability to amend the Bond Ordinance, and to all the provisions of which the <br />owner hereof by the acceptance of this Bond assents. <br /> <br />The Bonds ofthe series of which this is one are issued by the City, upon its behalf <br />and upon the credit thereof, for the purpose of defraying in part the costs of the Project, all under <br />the authority of and in full conformity with the Constitution and laws of the State of Colorado, <br />the City's home mle charter, and pursuant to the Bond Ordinance of the City Council duly <br />adopted and made a law ofthe City prior to the issuance ofthis Bond. The Bonds are also issued <br />pursuant to portions of Title 11, Article 57, Part 2, C.R.S. (the "Supplemental Act"). Pursuant to <br />Section 11-57-210 of the Supplemental Act, this recital shall be conclusive evidence of the <br />validity and the regularity of the issuance of the Bonds after their delivery for value. <br /> <br />13 <br />