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<br /> PRINCIPAL INTEREST PRINCIPAL INTEREST
<br />YEARS AMOUNTS RATES YEARS AMOUNTS RATES
<br />2006 $270,000 2016 $270,000
<br />2007 270,000 2017 270,000
<br />2008 270,000 2018 270,000
<br />2009 270,000 2019 270,000
<br />2010 270,000 2020 270,000
<br />2011 270,000 2021 270,000
<br />2012 270,000 2022 270,000
<br />2013 270,000 2023 270,000
<br />2014 270,000 2024 270,000
<br />2015 270,000 2025 270,000
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<br />Said inter~ shall ~ paY.8ble in the manner J!1"ovided and on the dates stated in the FORM OF BOND set forth in
<br />this Ordinance.
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<br />Sec;tion 3,_ CHARACTE]US:nCS OF urn BONDS, (a) Re~stration. Transfer. and Exchange:
<br />Authentication. The City shall keep or cause to be kept at the principal corporate trust office of JPMorgan Chase
<br />BIplk, D~ll~s, Texas (the "Pa~g AgentlReg,istrar") books or record~ for the registration of the transfer and
<br />exchange of the Bonds (the ''Registration Books"), and the City hereby appoints the Paying Agent!Registrar as its
<br />registrar and transfer agent to k~ such books or records and make such registrations of transfers and exchanges
<br />Wlder such reasonable regulations as the City and Paying AgentlRegistrar may prescribe; and the Paying
<br />Ag,entIRegistrar shall make such registrations, transfers,_ and exchanges as herein provided, The Mayor and the City
<br />Secretary are authorized to enter into a Paying AgentlRegistrar Agreement substantially in the form of Exhibit "A",
<br />a~ched h.ereto. The P~~ng Agent/Registrar shall obtain and record in the "R(;gistration Books the address of the
<br />registered owner of each Bond to which payments with respect to the Bonds shall be mailed, as herein provided; but
<br />it ~3.ll ~ the 4utY. of eacb registered own((l' to noti~ the Pa~g AgentlRegistrar in writing of the address to which
<br />payments shall be mailed, and such interest payments shall not be mailed lIDless such notice has been given. To the
<br />~~t possible i:!Ild Wlder r~sonable circwnstan((es, all transfers of Bonds shall be made within three business days
<br />after request and presentation thereof. The City shall have the right to inspect the Registration Books during regular
<br />busirtess boW's Qfthe. Paying AgentlRegistrar, but otherwise the Pa~g AgentJRegistrar shall keep the Registration
<br />Books confidential and, unless otherwise required by law, shall not permit their inspection by any other entity, The
<br />P~Y.ing AgentJRegistrar's standard or customary. fees and charges for making such registration, transfer, exchange
<br />and delivery of a substitute Bond or Bonds shall be paid as provided in the FORM OF BOND set forth in this
<br />O(dit1an~, Registration of assignments, transf~s, and ~changes of Bonds shl!JI be made in the manner provided
<br />and with the effect stated in the FORM OF BOND set forth in this Ordinance. Each substitute Bond shall bear a
<br />letter and/or nl\.IDber to 4istin~sh it from each other Bond,
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<br />Except as provided in (c) below, an authorized representative of the Paying AgentlRegistrar shall, before
<br />tPe delivC(l'y of an~ such Bond, date and manua1l~ sign the Pa~g AgentJRegistrar's Authentication Certificate, and
<br />no such Bond shall be deemed to be issued or outstanding unless such Certificate is so executed, The Paying
<br />AgentIReg,istrar eromptl~ shall cancel all paid Bonds and Bonds surrendered for transfer and exchange, No
<br />additional ordinances, orders, or resolutions need be passed or adopted by the governing body of the City or any
<br />Qtb...er boQy or person so (IS to accomplish the. foreg~ing transfer anet ~change of an~ Bond or portion thereo( and
<br />the Paying AgentJ Registrar shall provide for the printing, execution, and delivery of the substitute Bonds in the
<br />mannc::r prescribed herein, and said Bonds shall be of ~e composition printed on paper of customary weight and
<br />strength. Pursuant to Chapter 1201, Texas Government Code, as amended, the duty of transfer and exchange of
<br />Bonds as aforesaid is hereb~ imposed upon the Pa~ng Agent!Registrar, and, upon the execution of said certificate,
<br />the transferred and exchanged Bond shall be valid, incontestable, and enforceable in the same manner and with the
<br />S8(J1e etT~ as t;he Bond~ which initially were issued and delivered pursuant to this Ordinance, approved by the
<br />Attorney General, and registered by the Comptroller of Public ACCOWlts,
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<br />(b) Pa~ent of Bonds and Interest The Ci~ hereby further appoints the Pa~g Agent/Registrar to act as
<br />the paying agent for paying the principal of and interest on the Bonds, all as provided in this Ordinance. The Paying
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<br />063939.0001 A,USTIN: 280348 ~
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