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<br />THIS OBLIGATION IS TRANSFERABLE only upon presentation and surrender at the <br />principal corporate trust office of the Paying Agent/Registrar, accompanied by an assignment <br />du1y executed by the Registered Owner or its authorized representative, subject to the terms and <br />conditions of the Ordinance. <br /> <br />THIS OBLIGATION IS EXCHANGEABLE at the principal corporate trust office of the <br />Paying Agent/Registrar for a Obligation or Obligations of the same maturity and interest rate and <br />in the principal amount of $100,000 or any integral mu1tiple of $5,000 in excess thereof, subject <br />to the terms and conditions of the Ordinance. <br /> <br />THE CITY OR PAYING AGENT/REGISTRAR may require the Registered Owner of <br />any Obligation 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 Obligation. Any fee or charge of the <br />Paying Agent/Registrar for a transfer or exchange shall be paid by the City. <br /> <br />THE REGISTERED OWNER of this Obligation by acceptance hereof, acknowledges <br />and agrees to be bound by all the terms and conditions of the Ordinance. <br /> <br />IT IS HEREBY DECLARED AND REPRESENTED that this Obligation 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 Obligation <br />have been performed, exist and have been done in accordance with law; that the Obligations 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 Obligation, 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. <br /> <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 Obligations assent by acceptance of the Obligations. <br /> <br />B-4 <br /> <br />HOU:2516661.4 <br />