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<br />tomer for actions taken by Bank in conformity with such instructions.
<br />
<br />12~8 Clearing House Indemnification. Customer acknowledges that Liberty uses a Clearing House to receive and delivery funds and
<br />securities on Liberty instructions, and to generate certain printed reports, including but not limited to, confirmations and customer statements. Cus
<br />tomer acknowledges that some such printed material may occasionally be on fonns or letterhead which contain the name of the Clearing House, but
<br />that this shall in no way change the relationship between Liberty, Customer, and the Clearing House. Customer agrees that Clearing House may act
<br />upon any instructions received from Liberty concerning delivery, transfer, sale or disposition of securities held by Clearing House on Customer's be-
<br />half. Customer agrees to indemnify the Clearing House from any liability to Customer for actions taken by Clearing House in conformity with such
<br />instructions.
<br />
<br />12.9 Reports. Reports of the execution of orders and statements of the Customer's account shall be conclusive if not objected to in writing
<br />within five (5) days and ten (10) days, respectively, after transmittal to the Customer by mail or otherwise.
<br />
<br />12.10 Governing Law. This Agreement is entered into in accordance with and shall be governed by California law; provided that, if any
<br />California law shall dictate that the laws of another jurisdiction be applied in any proceeding, such California laws shall be superseded. by the
<br />paragraph and the remain~ laws of California shall nonetheleaa be applied in such proceeding.
<br />~ClJ15/;le)(os
<br />12.11 Locatio':Liif Legal Proceedings. Any proceeding brought by Customer relating to this Agreement.shall be commenced in the
<br />County of EL...uo_. "h..Nliaj ".8,\~Q8Q tRRt, if't1ut f....r tAil plX1ui,i9A. tAt F~C..d.iRg ~.~.tlq Ran. ~~'O1l Rear. ill Mus'hcr jtlPiI1iia'isRJ Ute ~~~H~a~J.~
<br />,aMY a1uMl FlU IF (nIB tAli "tAu paFty all rU."Aa~lll baA'FllFtati"8 lIiKFlIAU. iRg\l.Rlla i8 ba"lIliRg fPilIB IIIlk stRIF jlolPi.aiatillR h Ute piau of l.a..:'
<br />
<br />~ ,~)(-..S
<br />
<br />l2 CalifsiBia Contract. The fe_dieR ef tRis f4FllemeRt eeRstihlhl tBe makiRg a a eeRtraet '..itRiR Qrnga C'IIIR"Y, Calif.e""illo, aud l!.~
<br />-1' Bg ef tBie ISRbast will 8all88 tkl CellawiRg e'/8Rtl, alBeRg atBel'll, h 88811' i8 OraB'8 C811Rty, CiMif8PRial TBI seRb.et ." ill. ee e!(sellbs iR
<br />-t.JrQo.,l,...&'iOi O~~u~". OAlikrnia, M14 i:ai\i&l pC!.) al<.!ltl m6P1i~a Ml4 6ft} 8tlB8Lq1:i!.ft' MaRies paid e) C1:lstSRl8f' ..ill 88 88RSis8F8d aali",/8reEl '8 &fta pais iPl
<br />O..Q....~ O"dA'J. Cldifllm.itl., tl.l'lli ,. ri_teR eenMPft.a_ieR sf e&eft trllll1l1&etieR will ee pre. ises Erelft OreRge CellRt" CaltfePfti&. The Customer and
<br />Liberty agree that . is a mutually and reasonably convenient place for any hearing concerning disputes relating to this
<br />Agreement, and agree to submit to the jUriSdl 'on o~courts i range CStlftt" Califol'Ria with respect to any claim or controversy relating to this
<br />Agreement. LL -h. "T":: ,.,w.I r..i be.yn.
<br />rrA&j~ 'J I , e..xt1S ~':J
<br />12.13 Assignment. The provisions of this Agreement shall be continuous and shall in e to the benefit of Liberty, its successors and assigns,
<br />and Ihall be binding upon Customer and/or the estate, personal representatives, administra rs and successors of Customer. I,ieert, Ma) !Ilesi<<"l ita
<br />rights 8fte. allegate itl allties 88 ta aRY SF all baRaaetisRI \IRa., tail '~"IB.Rt. Customer hall not delegate any obligations hereunder without the
<br />prior written consent of a duly authorized officer of~, and any attempt at such delegation without such consent shall be void.
<br />-tke of1.t,... ~rt~
<br />12.14 Transaction Charges. Customer agrees that to the extent that any finance or other charges imposed by Liberty are held to be in ex-
<br />cess of those allowable under any law, such charges shall be reduced to the legal maximum.
<br />
<br />12.15 Severability. In the event that any provisions of this Agreement shall be determined by a court of competent jurisdiction to be unen-
<br />forceable in any jurisdiction, such provision shall be unenforceable in that jurisdiction and the remainder of this Agreement shall remain binding
<br />upon the parties as if such provision were not contained therein. The enforceability of such provision shall otherwise be unaffected and remain en-
<br />forceable in all other jurisdictions.
<br />
<br />12.16 Taxpayer I.D. Number. Customer certifies under the penalties of perjury that the Taxpayer Identification Number (Social Security
<br />Number) or Employer Identification Number provided below is correct and that Customer has not been notified by the Internal Revenue Service that
<br />he is a "payee under-reporter" under section 3406(a)(1)(c) of the Internal Revenue Code.
<br />
<br />tZL:'J-Uh~
<br />
<br />Customer
<br />
<br />74-6002238
<br />Customer Tax Identification Number
<br />
<br />William L. White
<br />
<br />City of San Marcos
<br />Address
<br />
<br />E
<br />
<br />Title: Finance Director
<br />
<br />630 E. Hopkins
<br />Address
<br />
<br />D~E October 14, 1991
<br />
<br />San Marcos, Texas
<br />City, State Zip
<br />
<br />78666
<br />
<br />Accepted and Agreed:
<br />
<br />(512) 353-4444
<br />Telephone
<br />
<br />LIBERTY CAPITAL MARKETS, INC.
<br />
<br />By:
<br />
<br />-~
<br />
<br />P(llrl'((~ t
<br />
<br />Title:
<br />
<br />D:\ WSDSALES\DLH10030.F01
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