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Certificate it will make available to the Paying Agent/Registrar, from the "Interest and Sinking
<br />Fund" created by the Certificate Ordinance, the amounts required to provide for the payment, in
<br />immediately available funds, of all principal of and interest on the Certificates, when due.
<br />IF THE DATE for the payment of the principal of or interest on this Certificate shall be a
<br />Saturday, Sunday, a legal holiday or a day on which banking institutions in the city where the
<br />corporate trust office of the Paying Agent/Registrar is located are authorized by law or executive
<br />order to close, then the date for such payment shall be the next succeeding day that is not such a
<br />Saturday, Sunday, legal holiday or day on which banking institutions are authorized to close; and
<br />payment on such date shall have the same force and effect as if made on the original date payment
<br />was due.
<br />THIS CERTIFICATE is one of a series of Certificates dated May 1, 2021, authorized in
<br />accordance with the Constitution and laws of the State of Texas in the principal amount of
<br />$43,855,000 for paying all or a portion of the Issuer's contractual obligations incurred in connection
<br />with refurbishment of portions of the existing waste water treatment plant as needed in connection
<br />with the construction of a new waste water treatment plant for the Issuer and paying legal, fiscal,
<br />engineering and architectural fees in connection with this project.
<br />THE CERTIFICATES maturing on December 15, 2038 are subject to mandatory redemption
<br />prior to maturity in part at random, by lot or other customary method selected by the Paying
<br />Agent/Registrar, at par plus accrued interest to the redemption date, in amounts sufficient to redeem
<br />said Bonds on December 15 in the years and principal amounts shown on the following schedule.
<br />Such Certificates shall be redeemed with funds from the "Interest and Sinking Fund" created by the
<br />Certificate Ordinance and shall be redeemed by the Paying Agent/Registrar in part prior to maturity
<br />with funds from the Interest and Sinking Fund, for the principal amount thereof and accrued interest
<br />to the date of redemption, and without premium, on each of the aforesaid dates, in the principal
<br />amounts, respectively, as set forth in the following schedule:
<br />Bonds Maturing
<br />December 15, 2038
<br />Principal
<br />Year
<br />Amount
<br />2037
<br />$1,630,000
<br />2038(')
<br />1,660,000
<br />(') Final maturity of Bond.
<br />Bonds Maturing
<br />December 15, 2047
<br />Principal
<br />Year
<br />Amount
<br />2045
<br />$1,925,000
<br />2046
<br />1,970,000
<br />2047(')
<br />2,015,000
<br />Bonds Maturing
<br />December 15, 2050
<br />Principal
<br />Year
<br />Amount
<br />2048
<br />$2,060,000
<br />2049
<br />2,110,000
<br />2050(')
<br />2,160,000
<br />The principal amount of the Certificates required to be redeemed pursuant to the operation of such
<br />mandatory sinking fund shall be reduced by the principal amount of any Certificates that, at least
<br />45 days prior to the mandatory sinking fund redemption date, shall have been (1) purchased by the
<br />Issuer and delivered to the Paying Agent/Registrar for redemption or (2) redeemed pursuant to the
<br />optional redemption provision described below and delivered to the Paying Agent/Registrar for
<br />cancellation.
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