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[Back of Bond] <br /> ADDITIONAL PROVISIONS <br /> This Bond is one of a series aggregating One Million Six <br /> Hundred Thousand Dollars ($1,600,000) par value, all of like date. <br /> tenor, date of maturity, principal amount, interest rate, and <br /> effect, except as to number, issued by the City Council of the <br /> City of Louisville, Colorado, for the purpose of paying for local <br /> improvements to be constructed in Special Improvement District No. <br /> 1986-1, in the City of Louisville, by virtue of and in full <br /> conformity with the Constitution of the State of Colorado; Title <br /> 31, Article 25, Part 5, C.R.S. ; and all other laws of the State of <br /> Colorado thereunto enabling, and pursuant to the duly adopted <br /> Ordinance authorizing the issuance of this Bond. <br /> Payment of this Bond and the interest thereon shall be <br /> made from, and as security for such payment there is pledged, a <br /> special fund designated as the "Special Improvement District No. <br /> 1986-1 Bond Fund', which Pund shall contain the capitalized <br /> interest, any moneys in the construction account remaining after <br /> the coat of improvements has been paid in full, and the proceeds <br /> from special assessments levied against the property included <br /> within the District and specially benefited by the construction <br /> and installation of improvements therein. When levied, the <br /> assessments will constitute a lien on and against each lot or <br /> tract of land in the District, in the respective amounts to be <br /> apportioned by an ordinance of the City. <br /> In addition, the Bond Ordinance provides that whenever <br /> three-fourths of the Bonds of this issue have been paid and <br /> cancelled and for any reason the remaining assessments are not <br /> paid in time to pay the remaining Bonds and the interest due <br /> thereon, the City shall pay the Bonds when due and the interest <br /> thereon and reimburse itself by collecting the unpaid assessments <br /> due the District. <br /> It is hereby recited, certified, and warranted that the <br /> total issue of Bonds of the City for the District, including this <br /> Bond, does not exceed the amount authorised by law; that every <br /> .. 29 <br />