Ord 2018-044/authorizing the issuance of the City of San Marcos Combination Tax and Surplus Revenue Certificates of Obligation, Series 2018

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(h) Initial Certificate. The Certificates herein authorized shall be initially issued as a fully registered certificate, being one in the denomination of the applicable principal amount and the initial Certificate shall be registered in the name of the Purchaser or the designees thereof as set forth in Section 18 hereof. The initial Certificate shall be the Certificate submitted to the Office of the Attorney General of the State of Texas for approval, certified and registered by the Office of the Comptroller of Public Accounts of the State of Texas and delivered to the Purchaser. Immediately after the delivery of the initial Certificate, the Paying Agent/Registrar shall cancel the initial Certificate delivered hereunder and exchange therefor Certificates in the form of a separate single fully registered Certificate for each of the maturities thereof registered in the name of Cede& Co., as nominee of DTC. (i) Cancellation of Certificates. All Certificates paid in accordance with this Ordinance, and all Certificates in lieu of which exchange Certificates or replacement Certificates are authenticated, registered, and delivered in accordance herewith, shall be canceled and destroyed upon the making of proper records regarding such payment, redemption, exchange, or replacement. The Registrar shall furnish the City with appropriate certificates of destruction of such Certificates. Section 6. FORM OF CERTIFICATES. That the form of the Certificates, including the form of Paying Agent/Registrar's Authentication Certificate,the form of Assignment and the form of Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be attached to the Initial Certificate initially issued and delivered pursuant to this Ordinance, shall be, respectively, substantially as follows, with such appropriate variations, e omissions, or insertions as are permitted or required by this Ordinance: (a) FORM OF CERTIFICATE NO. S UNITED STATES OF AMERICA STATE OF TEXAS COUNTIES OF HAYS, CALDWELL AND GUADALUPE CITY OF SAN MARCOS, TEXAS COMBINATION TAX AND SURPLUS REVENUE CERTIFICATES OF OBLIGATION, SERIES 2018 MATURITY INTEREST DATE OF CUSIP DATE RATE ORIGINAL ISSUE NO. October 30,2018 REGISTERED OWNER: PRINCIPAL AMOUNT: DOLLARS ON THE MATURITY DATE specified above, the City of San Marcos, in Hays, Caldwell and Guadalupe Counties, Texas (the "Issuer"), being a political subdivision and municipal 7 SAN MARCOS(TWDB)CTRCO 2018i Ordinance