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for the payment of the redemption price of the Certificates called for redemption. If such notice <br /> of redemption is given, and if due provision for such payment is made, all as provided above,the <br /> Certificates which are to be so redeemed thereby automatically shall be redeemed prior to their <br /> scheduled maturities, they shall not bear interest after the date fixed for redemption, and they <br /> shall not be regarded as being outstanding except for the purpose of being paid with the funds so <br /> provided for such payment. <br /> THIS CERTIFICATE IS TRANSFERABLE only upon presentation and surrender at the <br /> principal corporate trust office of the Paying Agent/Registrar, accompanied by an assignment <br /> duly executed by the Registered Owner or its authorized representative, subject to the terms and <br /> conditions of the Ordinance. <br /> THIS CERTIFICATE IS EXCHANGEABLE at the principal corporate trust office of the <br /> Paying Agent/Registrar for a Certificate or Certificates of the same maturity and interest rate and <br /> in the principal amount of $5,000 or any integral multiple thereof, subject to the terms and <br /> conditions of the Ordinance. <br /> THE PAYING AGENT/REGISTRAR is not required to accept for transfer or exchange <br /> any Certificate called for redemption, in whole or in part, during the forty-five (45) day period <br /> immediately prior to the date fixed for redemption; provided, however, that such limitation shall <br /> not apply to the transfer or exchange by the Registered Owner of an unredeemed portion of a <br /> Certificate called for redemption in part. <br /> THE CITY OR PAYING AGENT/REGISTRAR may require the Registered Owner of <br /> any Certificate to pay a sum sufficient to cover any tax or other governmental charge that may be <br /> imposed in connection with the transfer or exchange of a Certificate. Any fee or charge of the <br /> Paying Agent/Registrar for a transfer or exchange shall be paid by the City. <br /> THE REGISTERED OWNER of this Certificate by acceptance hereof, acknowledges <br /> and agrees to be bound by all the terms and conditions of the Ordinance. <br /> IT IS HEREBY DECLARED AND REPRESENTED that this Certificate has been duly <br /> and validly issued and delivered; that all acts, conditions and things required or proper to be <br /> performed, exist and to be done precedent to or in the issuance and delivery of this Certificate <br /> have been performed, exist and have been done in accordance with law; that the Certificates do <br /> not exceed any constitutional or statutory limitation; and that annual ad valorem taxes sufficient <br /> to provide for the payment of the interest on and principal of this Certificate, as such interest <br /> comes due and such principal matures, have been levied and ordered to be levied, within the <br /> limits prescribed by law, against all taxable property in the City and have been irrevocably <br /> pledged for such payment, and that this Certificate is additionally secured by and payable from a <br /> pledge of the Surplus Revenues of the City's waterworks and sewer system remaining after <br /> payment of all operation and maintenance expenses thereof and all debt service, reserve, and <br /> other requirements in connection with the City's revenue obligations (now or hereafter <br /> outstanding)that are payable from all or a part of said revenues,all as provided in the Ordinance. <br /> REFERENCE IS HEREBY MADE TO THE ORDINANCE, a copy of which is filed <br /> with the Paying Agent/Registrar, for the full provisions thereof, to all of which the Registered <br /> Owners of the Certificates assent by acceptance of the Certificates. <br /> A-3 <br /> HOU:3746876.1 <br />