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<br />part is duly authorized by law; that all acts, conditions and things <br />required or proper to be performed, exist and be done precedent to or <br />in the issuance and delivery of this certificate and the series of <br />certificates of which it is a part have been performed, existed, and <br />been done as required by law; that due provision has been made for the <br />payment of the principal of and interest on this certificate and the <br />series of which it is a part by the levy of a direct and continual ad <br />valorem tax against all taxable property wi thin said Ci ty and by a <br />pledge of and lien on the net revenues of the City's waterworks and <br />sewer system; provided that such pledge and lien is subordinate and <br />inferior to the pledge of and lien on such revenues to the Outstanding <br />Bonds (as such term is defined in the Ordinance authorizing the <br />issuance of this series of certificates of obligation) and to any <br />bonds or other securities issued to be on a parity with any of the <br />Outstanding Bonds. <br /> <br />SAID CITY RESERVES THE RIGHT to issue additional parity <br />certificates and bonds, which may be payable from the same source, <br />secured in the same manner and placed on a parity with this certificate <br />and the series of which it is a part. <br /> <br />IN WITNESS WHEREOF, this certificate and the interest coupons <br />appertaining hereto have been signed with the facsimile signature of <br />the Mayor of said City and countersigned with the facsimile signature <br />of the City Secretary of said City, and the official seal of said City <br />has been duly impressed or placed in facsimile on this certificate. <br /> <br />xxxxxxxxxxxxxxxxxxxxxxxxx <br />City Secretary, City of <br />San Marcos, Texas <br /> <br />xxxxxxxxxxxxxxxxxxxxxxxxx <br />Mayor, City of San Marcos, <br />Texas <br /> <br />(SEAL) <br /> <br />FORM OF REGISTRATION CERTIFICATE: <br /> <br />COMPTROLLER'S REGISTRATION CERTIFICATE: <br /> <br />REGISTER NO. <br /> <br />I HEREBY CERTIFY that this certificate has been examined, <br />certified as to validity, and approved by the Attorney General of the <br />State of Texas and that this certificate has been registered by the <br />Comptroller of Public Accounts of the State of Texas. <br /> <br />WITNESS my signature and seal this <br /> <br />Comptroller of Public Accounts <br />of the State of Texas <br /> <br />(SEAL) <br /> <br />FORM OF INTEREST COUPON <br /> <br />NO. <br /> <br />$ <br /> <br />1, 19____ <br /> <br />ON <br /> <br />the City of San Marcos, in the County of Hays, State of Texas, hereby <br />promises to pay to bearer the amount shown on this interest coupon, in <br />lawful money of the Uni ted States of Amer ica, wi thout exchange or <br />collection charges to the bearer, unless due provision has been made <br />for the redemption prior to maturity of the certificate to which this <br />coupon appertains, upon presentation and surrender of this interest <br />