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Certificates exchanged therefor, as well as all other substitute Certificates and replacement <br /> Certificates issued pursuant hereto. <br /> SECTION 3. INTEREST. The Certificates scheduled to mature during the years, <br /> respectively, set forth below shall bear interest from the dates specified in the FORM OF <br /> CERTIFICATE set forth in this Ordinance to their respective dates of maturity at the following <br /> rates per annum: <br /> YEAR INTEREST YEAR INTEREST <br /> RATE RATE <br /> 2026 5.000% 2036 5.000% <br /> 2027 5.000 2037 5.000 <br /> 2028 5.000 2038 5.000 <br /> 2029 5.000 2039 4.125 <br /> 2030 5.000 2040 4.250 <br /> 2031 5.000 2041 4.375 <br /> 2032 5.000 2042 4.375 <br /> 2033 5.000 2043 4.500 <br /> 2034 5.000 2044 4.500 <br /> 2035 5.000 2045 4.625 <br /> Interest shall be payable in the manner provided and on the dates stated in the FORM OF <br /> CERTIFICATE set forth in this Ordinance. <br /> Section 4. CHARACTERISTICS OF THE CERTIFICATES. (a) Registration, <br /> Transfer, Conversion and Exchange; Authentication. The City shall keep or cause to be kept at <br /> BOKF,NA, Dallas, Texas (the "Paying Agent/Registrar") books or records for the registration of <br /> the transfer, conversion and exchange of the Certificates (the "Registration Books"), and the City <br /> hereby appoints the Paying Agent/Registrar as its registrar and transfer agent to keep such books <br /> or records and make such registrations of transfers, conversions and exchanges under such <br /> reasonable regulations as the City and Paying Agent/Registrar may prescribe; and the Paying <br /> Agent/Registrar shall make such registrations, transfers, conversions and exchanges as herein <br /> provided. The Paying Agent/Registrar shall obtain and record in the Registration Books the <br /> address of the Registered Owner of each Certificate to which payments with respect to the <br /> Certificates shall be mailed, as herein provided; but it shall be the duty of each Registered Owner <br /> to notify the Paying Agent/Registrar in writing of the address to which payments shall be mailed, <br /> and such interest payments shall not be mailed unless such notice has been given. The City shall <br /> have the right to inspect the Registration Books during regular business hours of the Paying <br /> Agent/Registrar, but otherwise the Paying Agent/Registrar shall keep the Registration Books <br /> confidential and, unless otherwise required by law, shall not permit their inspection by any other <br /> entity. The Paying Agent/Registrar shall make the Registration Books available within the State <br /> of Texas. The City shall pay the Paying Agent/Registrar's standard or customary fees and <br /> charges for making such registration, transfer, conversion, exchange and delivery of a substitute <br /> Certificate or Certificates. Registration of assignments, transfers, conversions and exchanges of <br /> Certificates shall be made in the manner provided and with the effect stated in the FORM OF <br /> 3 <br /> San Marcos(CTRCO 2025 1 Ordinance <br />