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promptly will appoint a competent and legally qualified substitute therefor, and cause written <br />notice thereof to be mailed to the registered owners of the Bonds. <br />IT IS HEREBY certified, recited and covenanted that this Bond has been duly and validly <br />authorized, issued and delivered; that all acts, conditions and things required or proper to be <br />performed, exist and be done precedent to or in the authorization, issuance and delivery of this <br />Bond have been performed, existed and been done in accordance with law; and that annual ad <br />valorem taxes sufficient to provide for the payment of the interest on and principal of this Bond, <br />as such interest comes due and such principal matures, have been levied and ordered to be levied <br />against all taxable property in said City, and have been pledged for such payment, within the <br />limits prescribed by law. <br />THE CITY ALSO HAS RESERVED THE RIGHT to amend the Bond Ordinance as <br />provided therein, and under some (but not all) circumstances amendments thereto must be <br />approved by the registered owners of a majority in aggregate principal amount of the outstanding <br />Bonds. <br />BY BECOMING the registered owner of this Bond, the registered owner thereby <br />acknowledges all of the terms and provisions of the Bond Ordinance, agrees to be bound by such <br />terms and provisions, acknowledges that the Bond Ordinance is duly recorded and available for <br />inspection in the official minutes and records of the governing body of the City, and agrees that <br />the terms and provisions of this Bond and the Bond Ordinance constitute a contract between each <br />registered owner hereof and the City. <br />IN WITNESS WHEREOF, the City has caused this Bond to be signed with the manual or <br />facsimile signature of the Mayor of the City and countersigned with the manual or facsimile <br />signature of the City Clerk of the City, and has caused the official seal of the City to be duly <br />impressed, or placed in facsimile, on this Bond. <br />City Clerk <br />City of Paris, Texas <br />(City Seal) <br />Mayor <br />City of Paris, Texas <br />(b) Form of Payjng.Ag nt/Registrar's Authentication Certificate. <br />PAYING AGENT/REGISTRAR'S AUTHENTICATION CERTIFICATE <br />(To be executed if this Bond is not accompanied by an <br />executed Registration Certificate of the Comptroller <br />of Public Accounts of the State of Texas) <br />It is hereby certified that this Bond has been issued under the provisions of the Bond <br />Ordinance described in the text of this Bond; and that this Bond has been issued in conversion or <br />replacement of, or in exchange for, a bond, bonds, or a portion of a bond or bonds of a Series <br />which originally was approved by the Attorney General of the State of Texas and registered by <br />the Comptroller of Public Accounts of the State of Texas. <br />A-5 <br />