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<br /> their manual or facsimile signatures, and the official seal of the <br /> City shall be impressed or placed in facsimile thereon. Such <br /> facsimile signatures on the Bonds shall have the same effect as if <br /> each of the Bonds had been signed manually and in person by each of <br /> said officers, and such facsimile seal on the Bonds shall have the <br /> same effect as if the official seal of the City had been manually <br /> impressed upon each of the Bonds. <br /> (b) In the event that any officer of the City whose <br /> facsimile signature appears on the Bonds ceases to be such officer <br /> before the authentication of such Bonds or before the delivery <br /> thereof, such facsimile signature nevertheless shall be valid and <br /> sufficient for all purposes as if such officer had remained in such <br /> office. <br /> (c) Except as provided below, no Bond shall be valid or <br /> obligatory for any purpose or be entitled to any security or benefit <br /> of this Ordinance unless and until there appears thereon the <br /> Certificate of Paying Agent/Registrar substantially in the form <br /> provided in this Ordinance, duly authenticated by manual execution <br /> of the Paying Agent/Registrar. It shall not be required that the <br /> same authorized representative of the Paying Agent/Registrar sign <br /> the Certificate of Paying Agent/Registrar on all of the Bonds. In <br /> lieu of the executed Certificate of Paying Agent/Registrar described <br /> above, the Initial Bond delivered at the Closing Date shall have <br /> attached thereto the Comptroller's Registration Certificate <br /> substantially in the form provided in this Ordinance, manually <br /> executed by the Comptroller of Public Accounts of the State of <br /> Texas, or by his duly authorized agent, which Certificate shall be <br /> evidence that the Initial Bond has been duly approved by the <br /> Attorney General of the State of Texas and that it is a valid and <br /> binding obligation of the City, and has been registered by the <br /> Comptroller. <br /> (d) On the Closing Date, one Bond (the "Initial Bond" ) <br /> representing the entire principal amount of the Bonds, payable in <br /> stated installments to the Purchaser, signed by the Mayor <br /> andcountersigned by the City Secretary, approved by the Attorney <br /> General, and registered and manually signed by the Comptroller of <br /> Public Accounts, will be delivered to the Purchaser or its <br /> designee. Upon payment for the Initial Bond, the Paying <br /> Agent/Registrar shall cancel the Initial Bond and deliver the <br /> registered definitive Bonds, in integral multiples of $5,000 for any <br /> one maturity, in accordance with instructions received from the <br /> Purchaser or its designee. It shall be the duty of the Purchaser or <br /> its designee to furnish to the Paying Agent/Registrar, at least five <br /> (5) business days prior to the Closing Date, written instructions on <br /> forms which the Purchaser or its designee must request of and obtain <br /> from, and which shall be provided by, the Paying Agent/Registrar <br /> designating the names in which Bonds are to be registered, the <br /> addresses of the registered Owners, the maturities, interest rates <br /> 4172f <br /> -7- <br />