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. e WITNESS my signature and seal of office this (COMPTROLLER'S SEAL) Comptroller of Public Accounts of the State of Texas [END OF FORMS] In case any officer of the City whose manual or facsimile signature shall appear on any Certificate shall cease to be such officer before the delivery of any such Certificate, such manual or facsimile signature shall nevertheless be valid and sufficient for all purposes as if such officer had remained in office until such delivery. Any Certificate which bears the facsimile signature of such person who at the actual time of the delivery of such Certificate shall be an officer authorized to sign such Certificate, but who at the date of such Certificate was not such an officer, shall be validly and sufficiently signed for all purposes as if such person had been such officer at the date of such Certificate. The City authorizes the printing of a true and correct copy of an opinion of Akin, Gump, Strauss, Hauer & Feld, L.L.P., Attorneys, relating to the validity and enforceability of the Certificates under Texas law and the status of interest on the Certificates under federal income tax laws on the reverse side of each of the Certificates over a certificate of identification executed by the facsimile signature of the City Secretary, and also authorizes the imprinting of CUSIP (the American Bankers Association's Committee on Unifonn Securities Identification Procedures) numbers on the Certificates; provided, however, that the failure of such opinion, certificate, or CUSIP numbers to appear on any Certificate, or any errors therein, or in any part of the Certificate the fonn of which is not included in this Ordinance, shall in no way affect the validity or enforceability of the Certificates or relieve the Initial Purchaser (hereinafter defmed) of its obligation to accept delivery of and pay for the Certificates. SECTION 4. DEFINITIONS. In addition to other words and tenns defined in this Ordinance (except those defmed and used in Section 3), and unless a different meaning or intent clearly appears in the context, the following words and tenns shall have the following meanings, respectively: "Certificates" - Any Certificate or Certificates or all of the Certificates, as the case may be, of that series styled "City of La Porte, Texas Certificates of Obligation, Series 2000" in the original aggregate principal amount of $3,000,000 authorized by this Ordinance. "Code" - The Internal Revenue Code of 1986, as amended. "Government Obligations" - Direct obligations of the United States of America, which are non-callable prior to the respective maturities of the Certificates and may be United States Treasury Obligations such as State and local government series and may be in book entry-fonn. "Initial Certificate" - The Certificate registered by the Comptroller of Public Accounts as described in Section 10 hereof. "Initial Purchaser" - "Interest Payment Date" - When used in connection with any Certificate, shall mean September 15, 2000, and each March 15 and September 15 thereafter until maturity of such Certificate. "Issuer" or "City" - The City of La Porte, Texas, a municipal corporation and a political subdivision of the State of Texas, or any successor thereto. "Net Revenues" - The gross revenues of the System less the expense of operation and maintenance, including all salaries, labor, materials, interest, repairs, and extensions necessary to render efficient service; provided, however, that only such repairs and extensions as in the judgment of the City Council, reasonably and 7