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for its redemption prior to maturity, at the principal corporate trust office of BOKF, NA, Dallas, Texas,
<br />which is the "Paying Agent/Registrar" for this Bond. The payment of interest on this Bond shall be made
<br />by the Paying Agent/Registrar to the registered owner hereof on each interest payment date by check or
<br />draft, dated as of such interest payment date, drawn by the Paying Agent/Registrar on, and payable solely
<br />from, funds of the Issuer required by the ordinance authorizing the issuance of this Bond (the 'Bond
<br />Ordinance ") to be on deposit with the Paying Agent/Registrar for such purpose as hereinafter provided;
<br />and such check or draft shall be sent by the Paying Agent/Registrar by United States mail, first -class
<br />postage prepaid, on each such interest payment date, to the registered owner hereof, at its address as it
<br />appeared on the last business day of the month preceding each such date (the 'Record Date ") on the
<br />Registration Books kept by the Paying Agent/Registrar, as hereinafter described. In addition, interest may
<br />be paid by such other method, acceptable to the Paying Agent/Registrar, requested by, and at the risk and
<br />expense of, the registered owner. In the event of a non - payment of interest on a scheduled payment date,
<br />and for 30 days thereafter, a new record date for such interest payment (a "Special Record Date ") will be
<br />established by the Paying Agent/Registrar, if and when funds for the payment of such interest have been
<br />received from the Issuer. Notice of the Special Record Date and of the scheduled payment date of the past
<br />due interest (which shall be 15 days after the Special Record Date) shall be sent at least five business days
<br />prior to the Special Record Date by United States mail, first -class postage prepaid, to the address of each
<br />owner of a Bond appearing on the Registration Books at the close of business on the last business day next
<br />preceding the date of mailing of such notice.
<br />ANY ACCRUED INTEREST due at maturity or upon the redemption of this Bond prior to
<br />maturity as provided herein shall be paid to the registered owner upon presentation and surrender of this
<br />Bond for redemption and payment at the principal corporate trust office of the Paying Agent/Registrar.
<br />The Issuer covenants with the registered owner of this Bond that on or before each principal payment date,
<br />interest payment date, and accrued interest payment date for this Bond it will make available to the Paying
<br />Agent/Registrar, from the "Interest and Sinking Fund" created by the Bond Ordinance, the amounts
<br />required to provide for the payment, in immediately available funds, of all principal of and interest on the
<br />Bonds, when due.
<br />IF THE DATE for the payment of the principal of or interest on this Bond shall be a Saturday,
<br />Sunday, a legal holiday or a day on which banking institutions in the city where the principal corporate
<br />trust office of the Paying Agent/Registrar is located are authorized by law or executive order to close, then
<br />the date for such payment shall be the next succeeding day that is not such a Saturday, Sunday, legal
<br />holiday or day on which banking institutions are authorized to close; and payment on such date shall have
<br />the same force and effect as if made on the original date payment was due.
<br />THIS BOND is one of a series of Bonds dated July 15, 2017, authorized in accordance with the
<br />Constitution and laws of the State of Texas in the principal amount of $9,750,000 for the public purposes
<br />of (i) constructing, improving, extending, expanding, upgrading and developing streets and roads, bridges and
<br />intersections including, utility relocation, landscaping, sidewalks, traffic safety and operational
<br />improvements, the purchase of any necessary right -of -way, drainage and other related costs; (ii) improving
<br />and equipping parks, trails and recreational facilities (collectively, the "Projects "); and (iii) paying the
<br />costs incurred in connection with the issuance of the Bonds.
<br />THE BONDS scheduled to mature on June 15, 2037 (the "Term Bonds ") are subject to scheduled
<br />mandatory redemption by the Paying Agent/Registrar by lot, or by any other customary method that results
<br />in a random selection, at a price equal to the principal amount thereof, plus accrued interest to the redemption
<br />date, out of moneys available for such purpose in the interest and sinking fund for the Bonds, on the dates and
<br />in the respective principal amounts, set forth in the following schedule:
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