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No. R-2 $2,465,000 <br /> Unless this certificate is presented by an authorized representative of The Depository <br /> Trust Company, a New York corporation ("DTC"), to the Authority or its agent for <br /> registration of transfer, exchange, or payment, and any certificate issued is registered in the <br /> name of Cede & Co. or in such other name as is requested by an authorized representative of <br /> DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an <br /> authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE <br /> HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL <br /> inasmuch as the registered owner hereof, Cede & Co., has an interest herein. <br /> THIS BOND MAY NOT BE SPLIT UP, TRANSFERRED OR EXCHANGED <br /> EXCEPT AS PROVIDED IN THE INDENTURE REFERRED TO HEREIN <br /> SANTA ANA FINANCING AUTHORITY <br /> POLICE ADMINISTRATION AND HOLDING FACILITY <br /> LEASE REVENUE BONDS, SERIES 1994A <br /> (CURRENT INTEREST BOND) <br /> INTEREST RATE MATURITY DATE DATED DATE CUSIP <br /> 5.30% July 1, 2005 March 1, 1994 801 4 <br /> c4c <br /> REGISTERED OWNER: CEDE & CO. �) <br /> PRINCIPAL SUM: TWO MILLION FOUR HUNDRED SIXTY-FIVE THOUSAND <br /> DOLLARS <br /> The SANTA ANA FINANCING AUTHORITY, a joint powers authority, <br /> duly created and lawfully existing under the Constitution and laws of the State of California <br /> (the "Authority"), for value received, hereby promises to pay (but only out of the Revenues <br /> hereinafter referred to) to the registered owner specified above or registered assigns on the <br /> maturity date specified above (subject to any right of prior redemption provided for) the <br /> principal sum specified above, together with interest thereon from the interest payment date <br /> next preceding the date of authentication hereof (unless such date of authentication is during <br /> the period commencing after the fifteenth day of the month preceding an interest payment <br /> date (the "Record Date") through and including the next succeeding interest payment date, in <br /> which event this Bond shall bear interest from such interest payment date, or unless such <br /> date of authentication is on or prior to the first Record Date, in which event it shall bear <br /> interest from March 1, 1994) until the principal hereof shall have been paid at the interest <br /> rate per <br /> LA1-70347.1 <br />