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<br />e <br /> <br />e <br /> <br />[FORM OF REGISTRATION CERTIFICATE <br />OF THE COMPTROLLER OF PUBLIC ACCOUNTS]* <br />*To be printed or attached to Initial Bonds only <br /> <br />COMPTROLLER'S REGISTRATION CERTIFICATE: REGISTER NO. <br /> <br />I hereby certify that this Bond has, been examined, certified as <br />to validity, and approved by the Attorney General of the State of Texas, <br />and that this Bond has been registered by the Comptroller of Public <br />Accounts of the State of Texas. <br /> <br />Witness my signature and seal this <br /> <br />Comptroller of Public Accounts <br />of the State of Texas <br /> <br />COMPTROLLER'S SEAL <br /> <br />[END OF FORMS] <br /> <br />SECTION 6. T AX LEVY. A special Interest and Sinking Fund <br />(the "Interest and Sinking Fund") is hereby created solely for the benefit of <br />the Bonds, and the Interest and Sinking Fund shall be established and <br />maintained by the Issuer at an official' depository bank of the Issuer. The <br />Interest and Sinking Fund shall be kept separate and apart from all other <br />funds and accounts of the Issuer, and shall be used only for paying the <br />interest on and principal of the Bonds. All ad valorem taxes levied and <br />collected for and on account of the Bonds shall be deposited, as collected, <br />to the credit of the Interest and Sinking Fund. During each year while any <br />of the Bonds or interest thereon are outstanding and unpaid, the Council <br />shall compute' and ascertain a rate and amount of ad valorem tax which will <br />be sufficient to raise and produce the money required to pay the interest on <br />the Bonds as such interest comes due, and to provide and maintain a <br />sinking fund adequate to pay the principal of its Bonds as such principal <br />matures (but never less than 2% of the original principal amount of said <br />Bonds as a sinking fund each year); and said tax shall be based on the <br />latest approved tax rolls of the Issuer, with full allowance being made for <br />tax delinquencies and the cost of tax collection. Said rate and amount of ad <br />valorem tax is hereby levied, and is hereby ordered to be levied, against all <br />taxable property in the Issuer for each year while any of the Bonds or <br />interest thereon are outstanding and unpaid; and said tax shall be assessed <br />and collected each such year and deposited to the credit of the aforesaid <br />Interest and Sinking Fund. Said ad valorem taxes sufficient to provide for <br />the payment of the interest on and principal of the Bonds, as such interest <br />comes due and such principal matures, are hereby pledged for such <br />payment, within the limit prescribed by law. <br /> <br />SECTION 7. DISPOSITION OF BOND PROCEEDS. The proceeds of <br />13 <br />