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<br />may, at the optIOn of the CIty, be condItional upon the satIsfaction of such prereqUisItes and receIpt of such <br />moneys by the Paymg Agent/RegIstrar on or pnor to the date fixed for such redemption, or upon any <br />prereqUISite set forth m such notIce of redemption. If a condItIOnal notice of redemptIOn IS given and such <br />prereqUISItes to the redemptIOn and sufficIent moneys are not received, such notIce shall be of no force and <br />effect, the CIty shall not redeem such Certificates and the Paymg Agent/ RegIstrar shall gIve notIce, 10 the <br />manner in whIch the notIce of redemptIOn was given, to the effect that the CertIficates have not been redeemed. <br /> <br />As prOVIded in the Ordmance, and subJect to certam limItatIOns therem set forth, thIS Certificate IS <br />transferable upon surrender of thIs CertIficate for transfer at the DeSIgnated Payment/Transfer Office, WIth <br />such endorsement or other evidence of transfer as IS acceptable to the Paymg Agent/RegIstrar, and, thereupon, <br />one or more new fully regIstered CertIficates of the SalTle stated matunty, of authonzed denominations, bearing <br />the SalTle rate of mterest, and for the same aggregate pnnclpal alTlount will be issued to the deSIgnated transferee <br />or transferees, <br /> <br />NeIther the CIty nor the Paymg Agent/RegIstrar shall be reqUired to transfer or exchange any <br />CertIficate called for redemptIOn, 10 whole or 10 part, WIthm 45 days of the date fixed for redemptIOn, proVIded, <br />however, such limitatIOn shall not be applicable to an exchange by the Owner of the uncalled balance of a <br />CertIficate <br /> <br />The City, the Paymg Agent/RegIstrar, and any other person may treat the person 10 whose nalTle thIS <br />CertIficate IS regIstered as the owner hereof for the purpose of recelvmg payment as herem proVIded (except <br />mterest shall be paId to the person 10 whose nalTle thIS CertIficate IS regIstered on the Record Date or SpeCIal <br />Record Date, as applicable) and for all other purposes, whether or not thIS CertIficate be overdue, and neIther <br />the CIty nor the Paymg Agent/RegIstrar shall be affected by notIce to the contrary <br /> <br />IT IS HEREBY CERTIFIED AND RECITED that the Issuance of thIS CertIficate and the senes of <br />whIch It is a part IS duly authonzed by law; that all acts, condItIOns and thmgs reqUIred to be done precedent <br />to and 10 the issuance of the CertIficates have been properly done and performed and have happened 10 regular <br />and due time, form and manner, as requued by law; and that the total indebtedness of the City, mcluding the <br />CertIficates, does not exceed any constitutIOnal or statutory limItatIOn. <br /> <br />IN WITNESS WHEREOF, thIS CertIficate has been duly executed on behalf of the CIty, under its <br />offiCIal seal, 10 accordance WIth law <br /> <br />Intenm CIty Clerk, City of San Marcos, Texas <br /> <br />Mayor, CIty of San Marcos, Texas <br /> <br />[CITY SEAL] <br /> <br />San Marcos CTRCO 2007A. Ordinance <br /> <br />19 <br />