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<br />SECTION 25, NOTICE OF REDEMPTION TO PAYING AGENT AND REGISTERED OWNERS AND
<br />PUBLICATION. The principal of and accrued interest on the Refunded Obligations shall be paid on their
<br />respective redemption date, with proceeds of the Bonds, and the Refunded Obligations are hereby called for
<br />redemption on said date. Texas Commerce Bank National Association, Houston, Texas, Houston, Texas, is
<br />hereby directed to make appropriate arrangements so that the principal of and accrued interest on such Refunded
<br />Obligations may be redeemed at said bank on such redemption dates. Unless notice is waived by the owners
<br />thereof, a copy of the Notice of Prior Redemption, substantially in the fonn attached hereto as Exhibit 0, shall
<br />be delivered to the paying agent bank for the Refunded Obligations and a copy of such Notice of Prior
<br />Redemption shall be mailed to the registered owner thereof, or otherwise given as provided in the appropriate
<br />order, resolution, or ordinance authorizing the Refunded Obligations,
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<br />SECTION 26. ESCROW AGREEMENT, The discharge of the Refunded Obligations shall be effectuated
<br />pursuant to the tenns and provisions of the Escrow Agreement, the tenns and provisions of which are hereby
<br />approved, subject to such insertions, additions, and modifications as shall be necessary (a) to carry out the
<br />program designed for the City by Masterson Moreland Sauer Whisman, Inc. and which shall be certified as to
<br />mathematical accuracy by Deloitte & Touche, Certified Public Accountants, whose verification report (the
<br />"Report") shall be delivered with the Escrow Agreement, (b) to maximize the City's present value savings and/or
<br />minimize the City costs of refunding, (c) to comply with all applicable laws and regulations relating to the
<br />refunding of the Refunded Obligations, and (d) to carry out the other intents and purposes of this Ordinance, and
<br />the Mayor is hereby authorized to execute and deliver the Escrow Agreement attached hereto as Exhibit C on
<br />behalf of the City in multiple counterparts and the City Secretary is hereby authorized to attest thereto and affix
<br />the City's seal.
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<br />SECTION 27. PURCHASE OF UNITED STATES TREASURY OBLIGATIONS. To assure the purchase
<br />of the Escrowed Securities referred to in the Escrow Agreement, the Mayor, the City's Chief Financial Officer,
<br />and the Escrow Agent are hereby authorized to subscribe for, agree to purchase, and purchase non-callable
<br />obligations of the United States of America, in such amounts and maturities and bearing interest at such rates as
<br />may be provided for in the Report, and to execute any and all subscriptions, purchase agreements, commitments,
<br />letters of authorization, and other documents necessary to effectuate the foregoing, and any actions heretofore
<br />taken for such purpose are hereby ratified and approved.
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<br />SECTION 28. MATTERS RELATED TO REFUNDING. In order that the Issuer shall satisfy in a timely
<br />manner all of its obligations under this Ordinance, the Mayor and all other appropriate officers and agents of the
<br />Issuer are hereby authorized and directed to take all other actions that are reasonably necessary to provide for the
<br />refunding of the Refunded Obligations, including without limitation, executing and delivering on behalf of the
<br />Issuer all certificates, consents, receipts, requests, notices, and other documents as may be reasonably necessary
<br />to satisfy the Issuer's obligations under this Ordinance and to direct the transfer and application of funds of the
<br />Issuer consistent with the provisions of this Ordinance.
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<br />SECTION 29. APPROVAL AND REGISTRATION OF BONDS. The Mayor of the City is hereby
<br />authorized to have control of the Bonds and all necessary records and proceedings pertaining to the Bonds
<br />pending their delivery and their investigation, examination, and approval by the Attorney General of the State of
<br />Texas, and their regislration by the Comptroller of Public Accounts of the State of Texas. Upon regislration of
<br />the Bonds, said Comptroller of Public Accounts (or a deputy designated in writing to act for said Comptroller)
<br />shall manually sign the Comptroller's Registration Certificate, The Bonds thus registered shall remain in the
<br />custody of the Mayor (or his designee) until delivered to the purchaser thereof,
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<br />SECTION 30. FURTHER PROCEDURES. The Mayor, the City Secretary, and all other officers,
<br />employees, and agents of the City, and each of them, shall be and they are hereby expressly authorized,
<br />empowered, and directed fonn time to time and at any time to do and perfonn all such acts and things and to
<br />execute, acknowledge, and deliver in the name and under the corporate seal and on behalf of the City all such
<br />instruments, whether or not herein mentioned, as may be necessary or desirable in order to carry out the tenns
<br />and provisions of this Ordinance, The Official Statement, dated March 17, 1994, and other documents used in
<br />connection with the sale of the Bonds are hereby approved and the M~yor of the City is hereby directed and
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