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<br /> [Form of Bond] <br />No. R- $5,000 <br /> [Front of Bo n d ] <br /> UNITED STATES OF AMERICA <br /> STATE OF COLORADO <br /> CITY OF LOUISVILLE <br /> COUNTY OF BOULDER <br /> SPECIAL IMPROVEMENT DISTRICT NO. 1986-1 <br /> SPECIAL ASSESSMENT BOND, SERIES 1986 <br />INTEREST RATE MATURITY DATE ORIGINAL IS SUE DATE <br />REGISTERED OWNER: <br />PRINCIPAL AMOUNT: DOLLARS <br /> The Ci ty of Louisville, in th e Coun ty of Boulder and the <br />State of Colorado, for value received, hereby promi ses to pay <br />solely out of the s pe cia I fund hereinafter designated, but not <br />otherwise, to the registered owner named above, or registered <br />assigns, on the ma t ur i t Y date s peci f i ed above, the pr in c i pa I <br />amount specified above, and in like manner to pay interest on such <br />principal amoun t (computed on the basis of a 360-day year of <br />t we I ve 30-day months) from the interest payment date next <br />precedi ng the date of registration and authentication of this <br />Bo nd , unless this Bond is registered and authenticated pr i 0 r to <br />October 1, 1986, in which event this Bond shall bear interest from <br />Apr il 1 , 1986, at the interest rate per annum specified above, <br />payable semiannually on Apr i 1 1 and October 1 each year, <br />comme nc ing on October 1 , 1986, un t i 1 such pr inc ipal amoun t is <br />pa i d , unless this Bond shall have been previously called for <br />redemption and payme n t shall have been duly prov ided for or made. <br />The pr in c i p a I of this Bond is payable in lawf ul money of the <br />United States of America to the registered owner upon presentation <br />at Cen tral Bank of Denver, a banking corpora t ion, in Denver, <br />Colorado, or its successor, as Pay ing Agent. <br /> Paymen t of each installment of interest shall be made to <br />the reg i stered owner hereof whose name shall appear on the <br /> - 26 - <br />