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<br /> REGISTRATION CERTIFICATE <br /> OF PAYING AGENT/REGISTRAR <br /> THIS CERTIFICATE has been duly issued under the provisions of the <br />within mentioned Ordinance. The series of Certificates of which this <br />Certificate is a part was originally issued as one Initial Certificate <br />which was approved by the Attorney General of the State of Texas and <br />registered by the Comptroller of Public Accounts of the State of Texas <br />under Register No. . <br /> THE AMERICAN NATIONAL BANK OF <br /> AUSTIN, Austin, Texas, as Paying <br /> Agent/Registrar <br />Dated: By <br /> Authorized Officer <br /> (e) Form of Assignment. <br /> ASSIGNMENT <br /> FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and <br />transfers unto <br /> (Print or type name, address, and <br /> zip code of transferee) <br />(Social Security or other identifying number: ) the <br />within Certificate and rights thereunder, and hereby irrevocably <br />constitutes and appoints <br />attorney to transfer the within Certificate on the books kept for <br />registration thereof, with full power of substitution in the premises. <br />Dated: By <br /> Authorized Officer <br />Signature Guarantee: NOTICE: The signature on this <br /> assignment must correspond with <br /> the name of the registered owner <br /> as it appears on the face of the <br /> within Certificate in every <br /> particular and must be guaranteed <br /> by an officer of a federal or state <br /> bank or a member of the National <br /> Association of Securities Dealers. <br /> (f) Initial Certificate. The Initial Certificate shall be in <br />the form set forth in Paragraph (b) of this Section, excepting as <br />follows: <br /> (i) Immediately under the name of the Certificate the <br />headings "Interest Rate " and "Due " shall <br />both be completed with the expression "As Shown Below"; <br /> (i i) The first two par agr aphs of the body of the Initial <br />Certificate shall read as follows: <br /> THE CITY OF SAN MARCOS (the "City"), in the County of Hays, State <br /> -9- <br />