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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 authorized in writing, and thereupon one or more new <br /> fully registered Certificates of the same Stated 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 Agent/Registrar, 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 § REGISTER NO. <br /> § <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 />