$12,095,000

SEWER REVENUE CERTIFICATES OF PARTICIPATION

(2019 Financing Project)

Evidencing Direct, Undivided Fractional Interests of the

Owners Thereof in Installment Payments to be Made by the

CITY OF PORTERVILLE

(Tulare County, California)

as the Purchase Price for Certain Property Pursuant to an Installment

Sale Agreement with the Porterville Public Improvement Corporation

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