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<br /> <br /> <br /> <br /> <br /> <br /> IN THE EVENT any Paying Agent/Registrar for the Certificates of Obligation is changed <br /> by the Issuer, resigns, or otherwise ceases to act as such, the Issuer has covenanted in the <br /> Certificate of Obligation Ordinance that it promptly will appoint a competent and legally qualified <br /> substitute therefor, and promptly will cause written notice thereof to be mailed to the registered <br /> owners of the Certificates of Obligation. <br /> <br /> IT IS HEREBY certified, recited, and covenanted that this Certificate of Obligation has <br /> been duly and validly authorized, issued, and delivered; that all acts, conditions, and things <br /> required or proper to be performed, exist, and be done precedent to or in the authorization, <br /> issuance, and delivery of this Certificate of Obligation have been performed, existed, and been <br /> done in accordance with law; that this Certificate of Obligation is a general obligation of the <br /> Issuer, issued on the full faith and credit thereof; and that ad valorem taxes sufficient to provide <br /> for the payment of the interest on and principal of this Certificate of Obligation, as such interest <br /> comes due, and as such principal matures, have been levied and ordered to be levied against all <br /> taxable property in the Issuer, and have been pledged for such payment, within the limit pre- <br /> <br /> scribed by law, and that this Certificate of Obligation is addidonally secured from limited surplus <br /> revenues of the Issuer's Waterworks and Sewer System, after payment of all operation and <br /> maintenance expenses thereof, and all debt service and reserve requirements and any other <br /> payments, and deposits required in connection with all of the Issuer's revenue bonds or other <br /> obligations (now or hereafter outstanding), which are payable from all or any part of the Net <br /> Revenues of the Issuer's Waterworks and Sewer System. <br /> <br /> BY BECOMING the registered owner of this Certificate of Obligation, the registered <br /> owner thereby acknowledges all of the terms and provisions of the Certificate of Obligation <br /> Ordinance, agrees to be bound by such terms and provisions, acknowledges that the Certificate <br /> of Obligation Ordinance is duly recorded and available for inspection in the official minutes and <br /> records of the goveming body of the Issuer, and agrees that the terms and provisions of this <br /> Certificate of Obligation and the Certificate of Obligation Ordinance constitute a contract between <br /> each registered owner hereof and the Issuer. <br /> <br /> IN WITNESS WHEREOF, the Issuer has caused this Certificate of Obligation to be signed <br /> with the facsimile signature of the Mayor of the Issuer, countersigned with the facsimile signature <br /> of the City Clerk of the Issuer, and has caused the official seal of the Issuer to be duly impressed, <br /> or placed in facsimile, on this Certificate of Obligation. <br /> <br /> <br /> City Clerk Mayor <br /> <br /> SEAL <br /> <br /> <br /> <br /> <br /> <br /> <br /> 20 <br />