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<br />It is hereby certified that this Certificate of Obligation has been issued under the provisions <br />of the Certificate of Obligation Ordinance described on the face of this Certificate of Obligation; and <br />that this Certificate of Obligation has been issued in conversion of and exchange for or replacement <br />of a certificate of obligation, certificates of obligation, or a portion of a certificate of obligation or <br />certificates of obligation of an issue which originally was approved by the Attorney General of the <br />State of Texas and registered by the Comptroller of Public Accounts of the State of Texas. <br /> <br />Paying Agent/Registrar <br /> <br />Dated <br /> <br />By <br />Authorized Representative" <br /> <br />An authorized representative of the Paying Agent/Registrar shall, before the delivery of any such <br />Certificate of Obligation, date and manually sign the above Certificate, and no such Certificate of <br />Obligation shall be deemed to be issued or outstanding unless such Certificate is so executed. The <br />Paying Agent/Registrar promptly shall cancel all Certificates of Obligation surrendered for conver- <br />sion and exchange or replacement. No additional ordinances, orders, or resolutions need be passed <br />or adopted by the governing body of the Issuer or any other body or person so as to accomplish the <br />foregoing conversion and exchange or replacement of any Certificate of Obligation or portion <br />thereof, and the Paying Agent/Registrar shall provide for the printing, execution, and delivery of the <br />substitute Certificates of Obligation in the manner prescribed herein, and said Certificates of <br />Obligation shall be of type composition printed on paper with lithographed or steel engraved borders <br />of customary weight and strength. Pursuant to Vernon's Ann. Tex. Civ. St. Art. 717k-6, now <br />codified as Chapter 1201, Texas Government Code, and particularly Section 6 thereof, the duty of <br />conversion and exchange or replacement of Certificates of Obligation as aforesaid is hereby imposed <br />upon the Paying Agent/Registrar, and, upon the execution of the above Paying Agent/Registrar's <br />Authentication Certificate, the converted and exchanged or replaced Certificate of Obligation shall <br />be valid, incontestable, and enforceable in the same manner and with the same effect as the Initial <br />Certificate of Obligation which originally was issued pursuant to this Ordinance, approved by the <br />Attorney General, and registered by the Comptroller of Public Accounts. The Issuer shall pay the <br />Paying Agent/Registrar's standard or customary fees and charges for transferring, converting, and <br />exchanging any Certificate of Obligation or any portion thereof, but the one requesting any such <br />transfer, conversion, and exchange shall pay any taxes or governmental charges required to be paid <br />with respect thereto as a condition precedent to the exercise of such privilege of conversion and <br />exchange. The Paying Agent/Registrar shall not be required to make any such conversion and <br />exchange or replacement of Certificates of Obligation or any portion thereof (i) during the period <br />commencing with the close of business on any Record Date and ending with the opening of business <br />on the next following principal or interest payment date, or, (ii) with respect to any Certificate of <br />Obligation or portion thereof called for redemption prior to maturity, within 45 days prior to its <br />redemption date. <br /> <br />(e) In General. All Certificates of Obligation issued in conversion and exchange or <br />replacement of any other Certificate of Obligation or portion thereof, (i) shall be issued in fully <br /> <br />13 <br />