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<br />The City, the Paying Agent/Registrar, and any other person may treat the person in whose name this <br />Bond is registered. as the owner hereof for the purpose of receiving payment as herein provided (except <br />interest shall be paid to the person in whose name this Bond is registered on the Record Date or Special <br />Record Date, as applicable) and for all other purposes, whether or not this Bond be overdue, and neither <br />the City nor the Paying AgentlRegistrar shall be affected by notice to the contrary. <br /> <br />IT IS HEREBY CERTIFIED AND RECITED that the issuance of this Bond and the series of which <br />it is a part is duly authorized by law; that all acts, conditions and things required to be done precedent to <br />and in the issuance of the Bonds have been properly done and performed and have happened in regular and <br />due time, form and manner, as required by law; and that the total indebtedness of the City, including the <br />Bonds, does not exceed any constitutional or statutory limitation. <br /> <br />IN WITNESS WHEREOF, this Bond has been duly executed on behalf of the City, under its official <br />seal, in accordance with law. <br /> <br />City Secretary <br />City of San Marcos, Texas <br /> <br />Mayor <br />City of San Marcos, Texas <br /> <br />[SEAL] <br /> <br />(b) [Form of Certificate of Paying AgentJRegistrar] <br /> <br />CERTIFICATE OF PAYING AGENT/REGISTRAR <br /> <br />This is one of the Bonds referred to in the within mentioned Ordinance. The series of Bonds of <br />which this Bond is a part was originally issued as one Initial Bond which was approved by the Attorney <br />General of the State of Texas and registered by the Comptroller of Public Accounts of the State of Texas. <br /> <br />CHASE BANK OF TEXAS, NATIONAL <br />ASSOCIATION <br />as Paying Agent/Registrar <br /> <br />Dated: <br /> <br />By: <br /> <br />Authorized Signatory <br /> <br />R:\SANMAR\Y{WSS.98\OOCS\ORDNCE <br /> <br />17 <br />