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<br />[Form of Bond] <br /> <br />No. R- <br /> <br />$ <br /> <br />[Front of Bond] <br />UNITED STATES OF AMERICA <br />STATE OF COLORADO <br />COUNTY OF BOULDER <br /> <br />CITY OF LOUISVILLE <br /> <br />SEWER REVENUE REFUNDING BOND, SERIES 1994 <br /> <br />INTEREST RATE MATURITY DATE <br /> <br />DATED <br /> <br />CUSIP <br /> <br />REGISTERED OWNER: <br /> <br />PRINCIPAL AMOUNT: <br /> <br />The City of Louisville, in the State of Colorado, for value received, hereby promises <br />to pay, out of the special accounts hereinafter designated but not otherwise, to the registered <br />owner named above or registered assigns, on the maturity date specified above or on the date <br />of prior redemption, the principal amount specified above, and in like manner to pay interest <br />on such principal amount (computed on the basis of a 360-day year of twelve 30-day months) <br />from the interest payment date next preceding the date of registration and authentication of <br />this Bond, unless this Bond is registered and authenticated prior to December 1, 1994, in <br />which event this Bond shall bear interest from May I, 1994, at the interest rate per annum <br />specified above, payable semiannually on June I and December I each year, commencing <br />on December 1 , 1994, until such principal amount is paid at maturity or upon prior <br />redemption. The principal of this Bond and premium, if any, are payable in lawful money of <br />the United States of America to the registered owner upon maturity or prior redemption and <br /> <br />-15- <br />