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(Form of Bond) <br /> No. R- $5,000 <br /> [Front of Bond] <br /> UNITED STATES OF AMERICA <br /> STATE Of COLORADO <br /> CITY Of LOUISVILLE <br /> COUNTY Of BOULDER <br /> SPECIAL IMPROVEMENT DISTRICT NO. 1986-1 <br /> SPECIAL ASSES::AENr BOND, SERIES 1986 <br /> INTERi$T RATE MATURITY DATE ORIGINAL ISSUE DATE <br /> REGISTERED ( 1NERt <br /> PRINCIPAL AMOUNTi DOLLARS <br /> The City of Louisville, in the County of Boulder and the <br /> State of Colorado, for value received, hereby provisos to pay <br /> solely out of the special fund hereinafter designated, but not <br /> otherwise, to the registered owner named above, or registered <br /> assigns, on the maturity date specified above, the principal <br /> amount specified above, and in like manner to pay interest on such <br /> principal amount (computed on the basis of a 360-day year of <br /> twelve 30-day months) from the interest payment date next <br /> preceding the date of registration and authentication of this <br /> Bond, unless this Bond is registered and authenticated prior to <br /> October 1, 1986, in which event this Bond shall bear interest from <br /> April 1, 1986, at the interest rate per annum specified above, <br /> payable semiannually on April 1 and October 1 each year, <br /> commencing on October 1, 1986, until such principal amount is <br /> paid, unless this Bond shall have been previously called for <br /> redemption and payment shall have been duly provided for or made. <br /> The principal of this Bond is payable in lawful money of the <br /> United States of America to the registered owner upon presentation <br /> at Central Bank of Denver, a banking corporation, in Denver, <br /> Colorado, or its successor, as Paying Agent. <br /> Payment of each installment of interest shall be made to <br /> the registered owner hereof whose name shall appear on the <br /> - 26 - <br />