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<br />parity with any of the Outstanding Bonds. <br /> AS PROVIDED in the Ordinance and subject to certain limitations <br />set forth therein, this Certificate is transferable on the <br />Registration Books of the City, upon surrender of this Certificate for <br />transfer at the principal corporate office of the Paying <br />Agent/Registrar, duly endorsed by, or accompanied by a written <br />instrument of transfer in form satisfactory to the Paying <br />Agent/Registrar duly executed by, the registered owner hereof or his <br />attorney duly author ized in wr i ting, and thereupon one or more new <br />fully registered Certificates of the same Sta~d Maturity, of <br />authorized denominations, bearing the same rate of interest, and for <br />the same aggregate principal amount will be issued to the designated <br />transferee or transferees. By acceptance of this Certificate, the <br />Holder expressly assents to all of the provisions of the Ordinance. <br /> THE CITY, the Paying AgentlRegistrar, and any agent of either of <br />them may treat the person in whose name this Certificate is registered <br />as the owner hereof for the purpose of receiving payment as herein <br />provided and for all other purposes, whether or not this Certificate <br />be overdue, and neither the City, the Paying Agent/Registrar, nor any <br />such agent, shall be affected by notice to the contrary. <br /> IT IS HEREBY certified, recited and covenanted that all acts, <br />conditions and things required to be performed, exist and be done <br />precedent to or in the issuance of this Certificate in order to render <br />the same a legal, valid and binding obligation of the City in <br />accordance with its terms have been performed, existed and have been <br />done, in regular and due time, form and manner, as required by law; and <br />that the issuance of the Certificates does not exceed any <br />constitutional or statutory limitation. <br /> IN WITNESS WHEREOF, the City has caused this Certificate to be <br />duly executed under its official seal. <br /> CITY OF SAN MARCOS, TEXAS <br /> By xxxxxxxxxxxxxxxxxxxxxxxxx <br />COUNTERSIGNED: Mayor <br /> xxxxxxxxxxxxxxxxxxxxxxxx <br />City Secretary <br />(SEAL) <br /> REGISTRATION CERTIFICATE OF <br /> COMPTROLLER OF PUBLIC ACCOUNTS <br />OFFICE OF THE COMPTROLLER § <br />OF PUBLIC ACCOUNTS § <br /> § REGISTER NO. <br />THE STATE OF TEXAS § <br /> I HEREBY CERTIFY that this Certificate has been examined, <br />certified as to validity and approved by the Attorney General of the <br /> -6- <br />