Ord 2008-037 - Laserfiche WebLink

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portions thereof designated for prepayment shall become due and payable on the Prepayment Date specified in such notice, and from and after such date, notwithstanding that the Certificate or portions thereof so called for prepayment shall not have been surrendered for payment, interest on such Certificate or portions thereof shall cease to accrue. Conditional notice of prepayment may also be given as provided in the Ordinance. As provided in the Ordinance, and subject to certain limitations therein set forth, this Certificate is transferable upon surrender of this Certificate for transfer at the Designated Payment/Transfer Office, with such endorsement or other evidence of transfer as is acceptable to the Paying Agent/Registrar, and, thereupon, one or more new fully registered Certificates of the same stated maturity, of authorized denominations, bearing the same rate of interest, and for the same aggregate principal amount will be issued to the designated transferee or transferees. Neither the City nor the Paying Agent/Registrar shall be required to transfer or exchange any Certificate called for prepayment, in whole or in part, within 45 days ofthe date fixed for prepayment; provided, however, such limitation shall not be applicable to an exchange by the Owner of the uncalled balance of a Certificate. The City, the Paying Agent/Registrar, and any other person may treat the person in whose name this Certificate is registered as the owner hereof for the purpose of receiving payment as herein provided (except interest shall be paid to the person in whose name this Certificate is registered on the Record Date or Special Record Date, as applicable) and for all other purposes, whether or not this Certificate be overdue, and neither the City nor the Paying Agent/Registrar shall be affected by notice to the contrary. IT IS HEREBY CERTIFIED AND RECITED that the issuance of this Certificate and the series of which it is a part is duly authorized by law; that all acts, conditions and things required to be done precedent to and in the issuance of the Certificate have been properly done and performed and have happened in regular and due time, form and manner, as required by law; and that the total indebtedness of the City, including the Certificate, does not exceed any constitutional or statutory limitation. IN WITNESS WHEREOF, this Certificate has been duly executed on behalf of the City, under its official seal, in accordance with law. City Clerk, City of San Marcos, Texas Mayor, City of San Marcos, Texas [CITY SEAL] San Marcos CTRCO 2008A: Ordinance 20