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<br />Section 6.02. Form of Bonds. <br /> <br />The form of Bonds, including the form of the Registration Bond of the Comptroller of Public <br />Accounts of the State of Texas, the form of Bond of the Paying Agent/Registrar and the form of Assignment <br />appearing on the Bonds, shall be substantially as follows: <br /> <br />(a) [Form of Bond] <br /> <br />REGISTERED REGISTERED <br /> <br />No. $ <br />United States of America <br />State of Texas <br /> <br />CITY OF SAN MARCOS, TEXAS <br />ELECTRIC UTILITY SYSTEM REVENUE REFUNDING BOND <br />SERIES 2002 <br /> <br />Interest Rate Maturity Date Original Issue Date CUSIP Number <br /> August 1, 2002 <br /> <br />The City of San Marcos (the "City") in the Counties of Hays and Caldwell, State of Texas, for value <br />received, hereby promises to pay to <br /> <br />or registered assigns, on the Maturity Date specified above, the sum of <br /> <br />DOLLARS <br /> <br />and to pay interest on the unpaid principal amount hereof from the later of the Original Issue Date specified <br />above or the most recent interest payment date to which interest has been paid or provided for until such <br />principal amount shall have been paid or provided for, at the per annum rate of interest specified above, <br />computed on the basis of a 360-day year oftwelve 30-day months, such interest to be paid semiannually on <br />May 1 and November 1 of each year, commencing November 1,2002. <br /> <br />The principal of this Bond shall be payable without exchange or collection charges in lawful money <br />of the United States of America upon presentation and surrender of this Bond at the corporate trust office <br />in Dallas, Texas (the "Designated Payment/Transfer Office"), of the Paying Agent/Registrar executing the <br />registration certificate appearing hereon, or, with respect to a successor Paying Agent/Registrar, at the <br />Designated Payment/Transfer Office of such successor. Interest on this Bond is payable by check dated as <br />of the interest payment date, mailed by the Paying Agent/Registrar to the registered owner at the address <br />shown on the registration books kept by the Paying Agent/Registrar or by such other customary banking <br />arrangements acceptable to the Paying Agent/Registrar, requested by, and at the risk and expense of, the <br />person to whom interest is to be paid. For the purpose of the payment of interest on this Bond, the registered <br />owner shall be the person in whose name this Bond is registered at the close of business on the "Record <br /> <br />R\San Marcos\EUS Rtog.02\Docs\Ordinance\Final.wpd 17 <br />