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<br />Distr ict by the Mayor of the ,Ci ty and countersigned by the Ci ty
<br />Secretary of the CI ty. The signature of ei ther or both of said
<br />officers on the Certificates may be manual or facsimile. The seal of
<br />the City may be printed, lithographed or impressed on each
<br />Cer~if~c~te. Certificates bearing the manual or facsimile signatures
<br />of Individuals who were at the time the proper officers of the City on
<br />the Ini tial Date of the Certificates shall be deemed to be duly
<br />exec~ted on behalf of the City notwithstanding that such individuals,
<br />or e,It,her ,of them, ~hall ,cease to h<?ld such offices prior to the
<br />certification or registration and delivery of such Certificates, or
<br />shall not have held such office at the date of such Certificates all
<br />as provided and authorized in the Bond Procedures Act of 1981 (Article
<br />717k-6, V.T.C.S.), as amended.
<br /> ( b) Registration. The Certificates are issuable in fully
<br />registered form only, both principal thereof and interest thereon to
<br />be payable only to the registered owner thereof. No Certificate shall
<br />be entitled to right or benefit under this Ordinance, or be valid or
<br />obligatory for any purpose, unless there appears on such Certificate
<br />either a certificate of registration substantially in the form
<br />provided in this Ordinance, executed by the Comptroller of Public
<br />Accounts of the State of Texas or his duly authorized agent by manual
<br />signature, or a certificate of registration substantially in the form
<br />provided herein, executed by the Paying Agent/Registrar by manual
<br />signature, and either such certificate upon any Certificate shall be
<br />conclusive evidence, and the only evidence, that such Certificate has
<br />been duly certified or registered and delivered.
<br /> (c) Denominations. The Certificates shall be in the
<br />denominations of $5,000 or any integral multiple thereof.
<br /> Section 9. INITIAL CERTIFICATE. The Certificates herein
<br />authorized shall be issued initially as a single fully registered
<br />Certificate (the "Initial Certificate") representing the entire
<br />principal amount of the Certificates and in the name of the initial
<br />purchaser or purchasers of the Certificates, or his or their designee.
<br />The Initial Certificate shall be the Certificates submitted to the
<br />Attorney General of Texas for examination and approval and certified
<br />and registered by the Comptroller of Public Accounts of the State of
<br />Texas. At any time after delivery of the Initial Certificate to the
<br />initial purchaser or purchasers, or designee, the paying
<br />Agent/Registrar, upon the written instructions of the purchaser or
<br />purchasers, or designee, shall cancel the Initial Certificate
<br />delivered hereunder and exchange therefor Certificates of authorized
<br />denominations, Stated Maturities, principal amounts and bearing
<br />applicable interest rates, for transfer and delivery to the Holder s
<br />named, and at the addresses stated therefor, all in accordance with
<br />and pursuant to such written instructions from the initial purchaser
<br />or purchasers, or designee, and such other information and
<br />documentation as the Paying Agent/Registrar may reasonably require.
<br /> Section 10. FORMS. (a) In General. The Certificates, the
<br />Registration Certificate of the Comptroller of Public Accounts of the
<br />State of Texas, the Certificate of Registration, and the form of
<br />Assignment to be printed on each of the Certificates, shall be
<br />substantially in the forms set forth in this Section, with such
<br />appropriate insertions, omissions, substitutions, and other variations
<br />as are permi tted or required by this Ordinance, and may have such
<br />letters, numbers, or other marks of identification (including
<br />identifying letters and numbers of the Committee on Uniform Securities
<br />Identification Procedures of the American Bankers Association) and
<br />such legends and endorsements (including any reproduction of an
<br />opinion of counsel) thereof as may, consistently with this Ordinance,
<br />be established by the City or determined by the officers executing
<br />such Certificates as evidenced by their execution thereof. Any
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