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<br /> P: ( <br /> a <br /> 3 j <br /> <br /> <br /> ~ <br /> a <br /> ~ <br /> Paying Agent/Registrar, but on each substitute Certificate of <br /> 0bligation issued in conversion of and exchange for or replace- <br /> ment of any Certificate of Obligation or Certificates of <br /> ~:Obligation issued under this Ordinance there shall be printed a <br /> certificate, in the form substantially as follows: <br /> ~ "PAYING AGENT/REGISTRAR'S AUTHENTICATION CERTIFICATE ' <br /> i ~ <br /> It is hereby certified that this Certificate of Obligation ~ <br /> ~ has been issued under the provisions of the Certificate of <br /> Obligation Ordinance described on the face of this Certificate <br /> ~ of Obligation; and that this Certificate of Obligation has been <br /> ~ issued in conversion of and exchange for or replacement of a~ <br /> certificate of obligation, certificates of obligation, or a~ <br /> ~ portion of a certificate of obligation or certificates of <br /> iobligation of an issue which originally was approved by the ~ Attorney General of the State of Texas and registered by the ~ <br /> ° Comptroller of Public Accounts of the State of Texas. ~ <br /> ~ j <br /> 9 <br /> 3 Paying Agent/Registrar ~ <br /> = Dated By ~ <br /> ~ Authorized Representative" j <br /> t ~ <br /> ±:An authorized representative of the Paying Agent/Registrar <br /> j shall, before the delivery of any such Certificate of ~ <br /> ~ Obligation, date and manually sign the above Certificate, and ~ <br /> ; no such Certificate of Obligation shall be deemed to be issued <br /> ! or outstanding unless such Certificate is so executed. The <br /> ; Paying Agent/Registrar promptly shall cancel all Certificates <br /> ; of Obligation surrendered for conversion and exchange or ~ <br /> i replacement. No additional ordinances, orders, or resolutions <br /> 6 need be passed or adopted by the governing body of the Issuer ~ <br /> ~ or any other body or person so as to accomplish the foregoing <br /> ; conversion and exchange or replacement of any Certificate of ~ <br /> I Obligation or portion thereof, and the Paying Agent/Registrar <br /> ; shall provide for the printing, execution, and delivery of the <br /> % substitute Certificates of Obligation in the manner prescribed f <br /> ;'herein, and said Certificates of Obligation shall be of type <br /> ,'composition printed on paper with lithographed or steel <br /> engraved borders of customary weight and strength. Pursuant to <br /> ~ Vernon's Ann. Tex. Civ. St. Art. 717k-6, and particularly <br /> ; Section 6 thereof, the duty of conversion and exchange or ! <br /> replacement of Certificates of Obligation as aforesaid is <br /> ~ hereby imposed upon the Paying Agent/Registrar, and, upon the <br /> execution of the above Paying Agent/Registrar's Authentication <br /> ~ Certificate, the converted and exchanged or replaced <br /> ~ Certificate of Obligation shall be valid, incontestable, and <br /> ~ enforceable in the same manner and with the same effect as the <br /> 'Initial Certificate of Obligation which originally was issued <br /> pursuant to this Ordinance, approved by the Attorney General, <br /> ~tland registered by the Comptroller of Public Accounts. The <br /> Issuer shall pay the Paying Agent/Registrar's standard or ~ <br /> customary fees and charges for transferring, converting, and <br /> ~ exchanging any Certificate of Obligation or any portion ~ <br /> thereof, but the one requesting any such transfer, conversion, <br /> ;and exchange shall pay any taxes or governmental charges <br /> required to be paid with respect thereto as a condition <br /> precedent to the exercise of such privilege of conversion and <br /> exchange. The Paying Agent/Registrar shall not be required to <br /> dImake any such conversion and exchange or replacement of <br /> ~ Certificates of Obligation or any portion thereof (i) during <br /> ' the period commencing with the close of business on any Record <br /> <br /> ;,Date and ending with the opening of business on the next <br /> $ following principal or interest payment date, or, (ii) with ~ <br /> ~ respect to any Certificate of Obligation or portion thereof <br /> called for redemption prior to maturity, within 45 days prior ~ <br /> to its redemption date. <br /> 9 <br /> ' 11 <br /> ; ~ <br />