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<br />Obligation are to be redeemed, notice of redemption shall have been <br /> <br />filed with the paying agent. Should any Certificate or Certifi- <br /> <br />cates not be presented for redemption pursuant to such notice, <br /> <br />and if by the date so fixed for redemption the City shall have <br /> <br />1 <br /> <br />made available funds in amounts sufficient to pay the Certificates <br />and accrued interest thereon to the date of redemption, pursuant <br /> <br />to such notice, the same shall cease to bear interest from and <br /> <br />after the date so fixed for redemption, and they shall not be re- <br />garded as being outstanding except for the right of the bearer to <br />receive the redemption price from the paying agent out of funds <br />provided for such payment. <br /> <br />IT IS HEREBY CERTIFIED, RECITED AND COVENANTED that this <br /> <br />Certificate of Obligation and the series of which it is a part <br />have been duly and validly issued and delivered; that all acts, <br /> <br />conditions and things required or proper to be performed, exist <br /> <br />and be done precedent to or in the authorization, issuance and <br /> <br />delivery of this Certificate and the series of which it is a part <br /> <br />1 <br /> <br />have been performed, existed and been done in accordance with law; <br />that proper provisions have been made for the payment of the prin- <br />cipal of and interest on this Certificate of Obligation and the <br />series of which it is a part by the levy of a direct and continuing <br />ad valorem tax against all taxable property within said City and by <br />a pledge of the net revenues of the City's airport. <br /> <br />IN WITNESS WHEREOF, this Certificate of Obligation and <br /> <br />the interest coupons appertaining hereto have been signed with the <br />facsimile signature of the Mayor of said City and countersigned with <br />the facsimile signature of the City Secretary of said City, and the <br />official seal of said City has been duly impressed or placed in <br />facsimile on this Certificate of Obligation. <br /> <br />I <br /> <br />COUNTERSIGNED: <br /> <br />xxxxxxxxxxxxxxxxxx <br />Mayor, City of San Marcos, Texas <br /> <br />xxxxxxxxxxxxxxxx <br />Clty Secretary, Clty of <br />San Marcos, Texas <br />