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. e FORM OF REGISTRATION CERTIFICATE OF TIlE COMPTROLLER OF PUBLIC ACCOUNTS. .To be printed or attached to Initial Bond only COMPTROLLER'S REGISTRATIQN CERTIFICATE: REGISTER NO. I hereby certify that this Bond has been examined, certified as to validity, and approved by the Attorney G~~I of the State of T~s, and that this Bond has beeo. registered b~ the Com~troller of Public Accounts of the State of Texas. Witness my s~ature an4 !leal this COMPTROLLER'S SEAL Comptroller of Public Accounts of the State of Texas [END OF FORMS] Section 5. TAX LEVY. A special Interest and Sinking Fund (the "Interest and Sinking Fund'') is hereby cr~t~ solely for the benefit ofth~ Bonds, and the Interest and Sinking Fund shall be established and maintained by the City at an official depository bank of the City. The Interest and Sinking Fund shall be kept separate and apart from @ll otb.er ~ds and accounts of th~ Ci~, and shall be used only for p~ying. the interest on and principal of the Bonds. All ad valorem taxes levied and collected for and on account of the Bonds shall be deposited, as collected, to the cr~t of tlle Interest an4 Sinking Fund, During each ~ear while an~ of the Bonds or interest thereon are outstanding and unpaid, the Council shall compute and ascertain a rate and amount of ad valorem tax which will be sufficient to rai~ and ~rQduce the money reQ!1ired to l!ay the interest on the Bonds as such interest comes due, and to provide and maintain a sinking fimd adequate to pay the principal of its Bonds as such principal matures (but never I~s tb.aJ:!. ~% ofth~ orig!n.al p!inci~al amOlJllt of said BonQs as a sinking.fimd ((ach year); and said tax shall be based on the latest approved tax rolls of the City, with full allowance being made for tax delinquencies and the cost of tax colle~on, Said rc,te and amount of ad valorem tax is hereby levied... and is hereby ordered to be levied, against all taxable property in the City for each year while any of the Bonds or interest thereon are outstanding and qnpai4; an4 s~iQ Upc. shall be assessed and c.oll~~ ~ch such ~ an4 deQosit~ ~o the credit of the aforesaid Interest and Sinking Food, Said ad valorem taxes sufficient to provide for the payment of the interest on and l!rincipal o(th~ a<>nds, "s such interest comes Que an4 sU(;h principal matures, are hereby pledged for such payment, within the limit prescribed by law. S~tion 6, PEFECTED SECURITY INTEREST, Chap-ter 1208.. Texas Government Code, applies to the issuance of the Bonds and the pledge of the taxes granted by the City under this Ordinance and such pledge is, Qu~rc:c.fore,. v~lid.. effective.. and perfected. Should Texas law be amended at an~ time while the Bonds are outstanding and unpaid, the result of such amendment being that the pledge of the taxes granted by the City under (tlis OrQinance is to be sublect. to the tiling r~uirements of Cha~ter 9, Texas Business & Commerce Code, in order to preserve to the Registered Owners of the Bonds a security interest in such pledge, the City agrees to take such meaSQr~ itS it d.etennines are reasqnable @11d necessary to ~able a filing of a seCQl'ity interest in said pledge to occur. Section 7. DISPOSmON OF BOND PROCEEDS. The ~roceeds of the Bonds shall be placed into the Interest and Sinking Fund and the Construction Fund of the City as follows: (a) Interest and Sinking F~d. An amount eq,ual to the aCCl'Ued interest on the Bonds from the date of the Bonds to the date of delivery to the Initial Purchasers shall be deposited in the Interest and Sinking Fund (b) Construction Fund. The proceeds of the Bonds remaining after the above described deposit into the Interest and Sinking Fund shall be placed in the Construction Fund (hereby created) to be used by the City for the l!ureoses described in this Ordinance. 063939.0001 AUSTIN 280348 9