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<br />portion of the text of any Certificates may be set forth on the reverse <br />side thereof, with an appropriate reference thereto on the face of the <br />Certificate. <br /> T~e Initial Certificate may be typewritten or photocopied or <br />o~herwise produced; and the definitive Certificates shall be printed, <br />lIthographed, or engraved, produced by any combination of such <br />methods, or produced in any other similar manner, as determined by the <br />officers executing such Certificates as evidenced by such execution. <br /> (b) Form of Certificate. <br />REGISTERED REGISTERED <br />NO. $ <br /> UNITED STATES OF AMERICA <br /> STATE OF TEXAS <br /> CITY OF SAN MARCOS, TEXAS <br /> WATERWORKS AND SEWER SYSTEM <br /> REVENUE CERTIFICATES OF OBLIGATION <br /> SERIES 1984 <br />Interest Rate: Due: Initial Date: CUSIP <br /> January 1, 1984 <br /> <br /> THE CITY OF SAN MARCOS (the "City"), in the County of Hays, State <br />of Texas, hereby promises to pay to <br />or the registered assigns thereof, on the due date specified above the <br />principal sum of <br /> DOLLARS <br />(or so much thereof as shall not have been paid upon prior redemption) <br />and to pay interest thereon while this Certificate is outstanding and <br />unpaid from the later of the Initial Date or the most recent interest <br />payment date to which interest has been paid or duly provided for, <br />semiannually on January 1 and July 1 in each year, commencing January <br />1, 1985. <br /> THE PRINCIPAL of this Certificate is payable at the principal <br />office of the Paying Agent/Registrar executing the registration <br />certificate appearing hereon, upon presentation and surrender of this <br />Certificate. The interest payable on any interest payment date will <br />be paid to the person in whose name this Certificate (or one or more <br />predecessor Certificates) is registered at the close of business on <br />the Record Date for such interest payment which shall be the 15th day <br />of the month next preceding such interest payment date; provided, <br />however, that in the event of non-payment of interest on a scheduled <br />interest payment date, and for 30 days thereafter, a new record date <br />for such interest payment (the "Special Record Date") will be <br />established by the Paying Agent/Registrar, if and when funds for the <br />payment of such interest have been received from the City. Notice of <br />the Special Record Date and of the scheduled payment date of the past <br />due interest (the "Special Payment Date", which shall be 15 days after <br />the Special Record Date) shall be sent at least 5 business days prior <br />to the Special Record Date by United States mail, first class, postage <br />prepaid, to the address of each Holder of a Certificate appearing on <br />the books of the paying Agent/Registrar at the close of business on the <br />last business day preceding the date of mailing of such notice. All <br />payments of principal of, premium, if any, and interest on t~is <br />Certificate shall be in lawful money of the United States of AmerIca <br />and shall be made by the Paying Agent/Registrar by check sent on or <br /> -6- <br />