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registrar for such series for safekeeping prior to the time such <br /> Bonds are actually issued, exchanged or transferred. The Director <br /> of Finance shall direct the registrar for the Bonds of a particular <br /> series to register and authenticate such Bonds and no such Bond <br /> shall be valid or obligatory for any purpose unless and until the <br /> certificate of authentication endorsed on such Bond shall have been <br /> <br /> manually executed by such registrar. <br /> The Bond shall be designated and the form of the Bonds, the <br /> registrar's certificate of authentication and the assignment shall <br /> be substantially as follows, with such appropriate insertions, <br /> variations and omissions as are required with respect to a <br /> particular series of the Bonds, book-entry provisions, variable rate <br /> provisions or other provisions. <br /> [FORM OF BOND] <br /> "(Vignette) <br /> UNITED STATES OF AMERICA <br /> COUNTY OF HAWAII <br /> STATE OF HAWAII <br /> GENERAL OBLIGATION BOND <br /> SERIES <br /> (Number) <br /> INTEREST MATURITY DATE OF <br /> RATE: DATE: BOND: IP: <br /> REGISTERED HOLDER: <br /> PRINCIPAL SUM: DOLLARS <br /> The COUNTY OF HAWAII, State of Hawaii (the "County"), for value <br /> received, hereby promises to pay the Registered Holder <named <br /> above), or registered assigns, on the Maturity Date (specified <br /> above) (unless this bond shall be subject to prior redemption and <br /> shall have theretofore been duly called for previous redemption and <br /> -5- <br /> <br />