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Record Date) shall be sent at least five business days prior to the Special Record Date by United
<br /> States mail, first-class postage prepaid, to the address of each registered owner of a Certificate
<br /> appearing on the Registration Books kept by the Paying Agent/Registrar at the close of business
<br /> on the business day next preceding the date of mailing of such notice.
<br /> IF THE DATE for the payment of the principal of or interest on this Certificate shall be a
<br /> Saturday, Sunday, a legal holiday, or a day on which banking institutions in the city where the
<br /> Designated Trust Office of the Paying Agent/Registrar is located are authorized by law or
<br /> executive order to close,then the date for such payment shall be the next succeeding day which is
<br /> not such a Saturday, Sunday, legal holiday, or day on which banking institutions are authorized to
<br /> close; and payment on such date shall have the same force and effect as if made on the original
<br /> date payment was due.
<br /> THIS CERTIFICATE is one of a Series of Certificates dated October 30,2018, authorized
<br /> in accordance with the Constitution and laws of the State of Texas in the principal amount of
<br /> $1,935,000, for the purpose of paying contractual obligations incurred in connection with: (1)
<br /> planning, acquisition,design and construction of certain drainage and flood control improvements
<br /> to include nonpoint source pollution flood mitigation improvements and acquisitions of land; and
<br /> (2) the payment of professional services in connection therewith including legal, fiscal and
<br /> engineering fees and the costs of issuing the certificates of obligation and other matters related
<br /> thereto.
<br /> ON AUGUST 15, 2028, or on any date thereafter, the Certificates of this Series maturing
<br /> on and after August 15,2029 may be redeemed prior to their scheduled maturities,at the option of
<br /> the City, in inverse order of maturity with funds derived from any available and lawful source, at
<br /> par plus accrued interest to the date fixed for redemption as a whole, or in part, and, if in part,the
<br /> particular maturities to be redeemed shall be selected and designated by the City and if less than
<br /> all of a maturity is to be redeemed, the Paying Agent/Registrar shall determine by lot the
<br /> Certificates, or a portion thereof, within such maturity to be redeemed (provided that a portion of
<br /> a Certificate may be redeemed only in an integral multiple of$5,000).
<br /> AS PROVIDED IN THE ORDINANCE, this Certificate may, at the request of the
<br /> registered owner or the assignee or assignees hereof, be assigned, transferred, and exchanged for
<br /> a like aggregate principal amount of fully registered certificates, without interest coupons,payable
<br /> to the appropriate registered owner, assignee, or assignees, as the case may be, having the same
<br /> maturity date, and bearing interest at the same rate, in any Authorized Denomination as requested
<br /> in writing by the appropriate registered owner, assignee, or assignees, as the case may be, upon
<br /> surrender of this Certificate to the Paying Agent/Registrar at its Designated Trust Office for
<br /> cancellation, all in accordance with the form and procedures set forth in the Ordinance. Among
<br /> other requirements for such assignment and transfer, this Certificate must be presented and
<br /> surrendered to the Paying Agent/Registrar at its Designated Trust Office, together with proper
<br /> instruments of assignment, in form and with guarantee of signatures satisfactory to the Paying
<br /> Agent/Registrar,evidencing assignment of this Certificate or any portion or portions hereof in any
<br /> Authorized Denomination to the assignee or assignees in whose name or names this Certificate or
<br /> any such portion or portions hereof is or are to be transferred and registered. The form of
<br /> V Assignment printed or endorsed on this Certificate may be executed by the registered owner to
<br /> evidence the assignment hereof, but such method is not exclusive, and other instruments of
<br /> assignment satisfactory to the Paying Agent/Registrar may be used to evidence the assignment of
<br /> 9
<br /> SAN MARCOS(TWDB)CTRCO 2018:Ordinance
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