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(i) The initial Current Interest Bonds shall be in the form set forth in this Exhibit, except that: <br /> A. immediately under the name of the Bond, the headings "INTEREST RATE" and <br /> "MATURITY DATE" shall both be completed with the words "As shown below" and <br /> "CUSIP NO." shall be deleted. <br /> B. the first paragraph shall be deleted and the following will be inserted: <br /> "ON THE MATURITY DATE SPECIFIED ABOVE,the City of San Marcos,Texas(the <br /> "Issuer"), being a political subdivision, hereby promises to pay to the Registered Owner specified <br /> above,or registered assigns(hereinafter called the"Registered Owner"),on in each of <br /> the years, in the principal installments and bearing interest at the per annum rates set forth in the <br /> following schedule: <br /> Principal Maturity Date Interest <br /> Amount ( ) Rates <br /> (Information for the Current Interest Bonds from the Pricing Certificate to be inserted) <br /> The Issuer promises to pay interest on the unpaid principal amount hereof(calculated on the basis of <br /> a 360-day year of twelve 30-day months)from ,20 "at the respective Interest Rate per <br /> annum specified above. Interest is payable on , 20 R and semiannually on each <br /> * and * thereafter to the date of payment of the principal installment <br /> specified above; except, that if this Bond is required to be authenticated and the date of its <br /> authentication is later than the first Record Date (hereinafter defined), such principal amount shall <br /> bear interest from the interest payment date next preceding the date of authentication, unless such <br /> date of authentication is after any Record Date but on or before the next following interest payment <br /> date, in which case such principal amount shall bear interest from such next following interest <br /> payment date;provided,however,that if on the date of authentication hereof the interest on the Bond <br /> or Bonds,if any,for which this Bond is being exchanged is due but has not been paid,then this Bond <br /> shall bear interest from the date to which such interest has been paid in full." <br /> C. The initial Bond shall be numbered "T-l." <br /> (ii) The Initial Compound Interest Bond shall be in the form set forth in this Section,except that: <br /> A. immediately under the name of the Bond, the headings "INTEREST RATE" and <br /> "MATURITY DATE" shall both be completed with the words "As shown below" and <br /> "CUSIP NO. " shall be deleted. <br /> B. the first paragraph shall be deleted and the following will be inserted: <br /> 18 <br /> SanMarco OOB2O IS OrdmancW0 <br />