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<br />hereby imposed upon the Paying AgentlRegistrar, and, upon the execution of the above Paying
<br />Agent/Registrar's Authentication Certificate, the converted and exchanged or replaced Certificates shall be
<br />valid, incontestable, and enforceable in the same manner and with the same effect as the Initial Certificate
<br />which was originally delivered pursuant to this Ordinance, approved by the Attorney General, and registered
<br />by the Comptroller of Public Accounts.
<br />
<br />(c) Certificates issued in conversion and exchange or replacement of any other Certificate or
<br />portion thereof, (i) shall be issued in fully registered form, without interest coupons, with the principal of
<br />and interest on such Certificates to be payable only to the registered owners thereof, (ii) may be redeemed
<br />prior to their scheduled maturities, (Hi) may be transferred and assigned, (iv) may be converted and
<br />exchanged for other Certificates, (v) shan have the characteristics, (vi) shall be signed and sealed, and (vii)
<br />shall be payable as to principal of and interest, all as provided, and in the manner required or indicated, in
<br />the Form of Certificates set forth in this Ordinance.
<br />
<br />Section 3.08. Temoorarv Certificates.
<br />
<br />(a) Following the delivery and registration of the Initial Certificates and pending the preparation
<br />of definitive Certificates, the proper officers of the City may execute and, upon the City's request, the Paying
<br />Agent/Registrar shall authenticate and deliver, one or more temporary Certificates that are printed,
<br />lithOgraphed, typewritten, mimeographed or otherwise produced, in any denomination, substantially of the
<br />tenor of the definitive Certificates in lieu of which they are delivered, without coupons, and with such
<br />appropriate insertions, omissions, substitutions and other variations as the officers of the City executing such
<br />temporary Certificates may determine, as evidenced by their signing of such temporary Certificates.
<br />
<br />(b) Until exchanged for Certificates in definitive form, such Certificates in temporary form shall
<br />be entitled to the benefit and security of this Ordinance.
<br />
<br />(c) The City, without unreasonable delay, shall prepare, execute and deliver to the Paying
<br />AgentlRegistrar the Certificates in defmitive form; thereupon, upon the presentation and surrender of the
<br />Certificate or Certificates in temporary fonn to the Paying Agent/Registrar, the Paying Agent/Registrar shall
<br />cancel the Certificates in temporary form and authenticate and deliver in exchange therefor a Certificate or
<br />Certificates of the same maturity and series, in defmitive form, in the authorized denomination, and in the
<br />same aggregate principal amount, as the Certificate or Certificates in temporary form surrendered. Such
<br />exchange shall be made without the making of any charge therefor to any Owner.
<br />
<br />Section 3.09. Replacement Certificates.
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<br />(a) Upon the presentation and surrender to the Paying AgentlRegistrar, at the Designated
<br />Paymentffransfer Office, of a mutilated Certificate, the Paying Agent/Registrar shall authenticate and deliver
<br />in exchange therefor a replacement Certificate of like tenor and principal amount, bearing a number not
<br />contemporaneously outstanding. The City or the Paying Agent! Registrar may require the Owner of such
<br />Certificate to pay a sum sufficient to cover any tax or other governmental charge that is authorized to be
<br />imposed in connection therewith and any other expenses connected herewith.
<br />
<br />(b) In the event that any Certificate is lost, apparently destroyed or wrongfully taken, the Paying
<br />Agent/Registrar, pursuant to the applicable laws of the State of Texas and in the absence of notice or
<br />knowledge that such Certificate has been acquired by a bona fide purchaser, shall authenticate and deliver
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