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12/15/2013 <br />12/15/2018 <br />06/ 15/2014 <br />06/ 15/2019 <br />12/15/2014 <br />12/15/2019 <br />06/15/2020 <br />Section 3. CHARACTERISTICS OF THE BONDS. <br />(a) Reeistration, Transfer Conversion and Exchanae. The Issuer shall keep or cause to be <br />kept at the designated corporate trust office of The Bank of New York Mellon Trust Company, N.A., <br />in Dallas, Texas (the "Paying Agent/Registrar"), books or records for the registration of the transfer, <br />conversion and exchange of the Bonds (the "Registration Books"), and the Issuer hereby appoints <br />the Paying Agent/Registrar as its registrar and transfer agent to keep such books or records and make <br />such registrations of transfers, conversions and exchanges under such reasonable regulations as the <br />lssuer and Paying AgendRegistrar may prescribe; and the Paying Agent/Registrar shall make such <br />registrations, transfers, conversions and exchanges as herein provided. The Paying Agent/Registrar <br />shall obtain and record in the Registration Books the address of the registered owner of each Bond <br />to which payments with respect to the Bonds shall be mailed, as herein provided; but it shall be the <br />duty of each registered owner to notify the Paying Agent/Registrar in writing of the address to which <br />payments shall be mailed, and such interest payments shall not be mailed unless such notice has <br />been given. The Issuer shall have the right to inspect the Registration Books during regular business <br />hours of the Paying Agent/Registrar, but otherwise the Paying Agent/Registrar shall keep the <br />Registration Books confidential and, unless otherwise required by law, shall not permit their <br />inspection by any other entity. The Issuer shall pay the Paying Agent/Registrar's standard or <br />customary fees and charges for making such registration, transfer, conversion, exchange and <br />delivery of a substitute Bond or Bonds. Registration of assignments, transfers, conversions and <br />exchanges of Bonds shall be made in the manner provided and with the effect stated in the FORM <br />OF BOND set forth in this Ordinance. Each substitute Bond shall bear a letter and/or number to <br />distinguish it from each other Bond. <br />Except as provided in Section 3(c) of this Ordinance, an authorized representative of the <br />Paying Agent/Registrar shall, before the delivery of any such Bond, date and manually sign said <br />Bond, and no such Bond shall be deemed to be issued or outstanding unless such Bond is so <br />executed. The Paying Agent/Registrar promptly shall cancel all paid Bonds and Bonds surrendered <br />for conversion and exchange. No additional ordinances, orders, or resolutions need be passed or <br />adopted by the governing body of the Issuer or any other body or person so as to accomplish the <br />foregoing conversion and exchange of any Bond or portion thereof, and the Paying Agent/Registrar <br />shall provide for the printing, execution, and delivery of the substitute Bonds in the manner <br />prescribed herein, and said Bonds shall be printed or typed on paper of customary weight and <br />strength. Pursuant to Chapter 1201, Government Code, as amended, the duty of conversion and <br />exchange of Bonds as aforesaid is hereby imposed upon the Paying Agent/Registrar, and, upon the <br />execution of said Bond, the converted and exchanged Bond shall be valid, incontestable, and <br />enforceable in the same manner and with the same effect as the Bonds that initially were issued and <br />delivered pursuant to this Ordinance, approved by the Attorney General and registered by the <br />Comptroller of Public Accounts. <br />3 <br />000144 <br />