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e e printed or endorsed on this Bond may be executed by the registered owner to evidence the assignment hereof. but such method is not exclusive. and other instruments of assignment satisfactory to the Paying Agent/Registrar may be used to evidence the assignment of this Bond or any portion or portions hereof from time to time by the registered owner. The person requesting such transfer and exchange shall pay the Paying Agent/Registrar's reasonable standard or customary fees and charges for transferring and exchanging any Bond or portion thereof. In any circumstance. any taxes or governmental charges required to be paid with respect thereto shall be paid by the person requesting such assignment, transfer, or exchange, as a condition precedent to the exercise of such privilege. The foregoing notwithstanding, in the case of the exchange of a portion of a Bond which has been redeemed prior to maturity, as provided herein, and in the case of the exchange of an assigned and transferred Bond or Bonds or any portion or portions thereof. such fees and charges of the Paying Agent/Registrar will be paid by the Issuer. The Paying Agent/Registrar shall not be required to make any such transfer or exchange (i) during the period commencing with the close of business on any Record Date and ending with the opening of business on the next following principal or interest payment date or (ii) with respect to any Bond or any portion thereof called for redemption prior to maturity, within 45 days prior to its redemption date. IN THE EVENT any Paying Agent/Registrar for the Bonds is changed by the Issuer. resigns, or otherwise ceases to act as such, the Issuer has covenanted in the Bond Ordinance that it promptly will appoint a competent and legally qualified substitute therefor, and cause written notice thereof to be mailed to the registered owners of the Bonds. BY BECOMING the registered owner of this Bond, the registered owner thereby acknowledges all of the tenns and provisions of the Bond Ordinance, agrees to be bound by such tenns and provisions, acknowledges that the Bond Ordinance is duly recorded and available for inspection in the official minutes and records of the governing body of the Issuer. and agrees that the tenns and provisions of this Bond and the Bond Ordinance constitute a conaact between each registered owner hereof and the Issuer. IT IS HEREBY CERTIFIED, RECITED, AND COVENANTED mAT this Bond has been duly and validly authorized. issued, and delivered: all acts. conditions, and things required or proper to be perfonned, exist. and be done precedent to or in the authorization. issuance. and delivery of this Bond have been perfonned. existed, and been done in accordance with law; and ad valorem taxes sufficient to provide for the payment of the interest on and principal of this Bond. as such interest comes due, and as such principal matures, have been levied and ordered to be levied against all taxable property in the Issuer, and have been pledged for such payment, within the limit prescribed by law. [FORM OF PAYING AGENTIREGISTRAR'S AUTHENTICATION CERTIFICATE]* '" Printer - Do not print on Initial Bonds PAYING AGENT/REGISTRAR'S AUTHENTICATION CERTIFICATE It is hereby certified that this Bond has been issued under the provisions of the Bond Ordinance described in the text of this Bond: and that this Bond has been issued in exchange for, a bond. bonds, or a portion of a bond or bonds of a Series which originally was approved by the Anomey General of the State of Texas and registered by the Comptroller of Public Accounts of the State of Texas. Dated TEXAS COMMERCE BANK NATIONAL ASSOCIATION. HOUSTON, TEXAS Paying AgentlRegistrar By Authorized Signature