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[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 /> <br /> (Number) <br /> <br /> INTEREST MATURITY DATE OF <br /> <br /> RATE: DATE: BOND: CUSIP: <br /> REGISTERED HOLDER: <br /> PRINCIPAL SUM: DOLLARS <br /> The COUNTY OF HAWAII, State of Hawaii (the "County"), for value received, <br /> hereby promises to pay the Registered Holder (named above), or registered assigns, on the Maturity <br /> Date (specified above) (unless this bond shall be subject to prior redemption and shall have <br /> theretofore been duly called for prior redemption and payment of the redemption price duly made or <br /> provided for), the Principal Sum (specified above), and to pay interest on such Principal Sum <br /> semiannually on and on of each yeaz, commencing on <br /> (each such date is hereinafter referred to as an "interest payment date"), from the date hereof <br /> or from the interest payment date next preceding the date of registration hereof to which interest shall <br /> have been paid, unless such date of registration is an interest payment date, in which case, from such <br /> interest payment date, or unless such date of registration is within the period from the sixteenth (16th) <br /> 6 <br /> <br />