03-10-10 Regular Meeting of the La Porte Area Water Authority

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customary terms, the Bonds shall no longer be restricted to being registered in the Bond Register in the name of the Securities Depository (or its nominee), but may be registered in the name or names and in such maturities and principal amounts as the Securities Depository (directly or through any Participant) shall designate in writing to the Paying Agent/Registrar in accordance with the provisions of this Resolution, but without any liability on the part of the Authority or the Paying Agent/Registrar for the accuracy of such designation. Upon the termination of the services of the Securities Depository with respect to the Bonds for any reason and the appointment of a successor Securities Depository, all references in this Resolution to the Securities Depository shall refer to such successor Securities Depository. Whenever the Securities Depository requests the Authority and the Paying Agent/Registrar to do so, the Authority and the Paying Agent/Registrar shall cooperate with the Securities Depository in taking appropriate action after reasonable notice to arrange for another Securities Depository to maintain custody of certificates evidencing the Bonds. J. So long as any of the Bonds are registered in the name of the Securities Depository (or its nominee), a legend prescribed by the Securities Depository to that effect may be printed on such bond certificate. ARTICLE THREE FORM OF BONDS SECTION 3.1. Form of Bonds. The Bonds, the Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be reproduced on the initial Bond, the Certificate of Authentication to be reproduced on Bonds subsequently delivered, and the form of Assignment to be reproduced on each of the Bonds shall be substantially in the forms set forth in Exhibit A hereto, with such appropriate insertions, omissions, substitutions, and other variations as are permitted or required by this Resolution and may have such letters, numbers, or other marks of identification (including identifying numbers and letters of the Committee on Uniform Securities Identification Procedures of the American Bankers Association) and such legends and endorsements (including any reproduction of an opinion of counselor notice of insurance) thereon as may, consistently herewith, be established by the Authority or determined by the officers executing such Bonds as evidenced by their execution thereof. Any portion of the text of any Bonds may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Bond. A Statement of Insurance or other appropriate language provided by the Bond Insurer may also be reproduced on the Bonds. The definitive Bonds shall be numbered consecutively from R-l and upward and shall be printed, lithographed, typewritten, photocopied, or engraved, produced by any combination of these methods, or produced in any other similar manner, all as determined by the officers executing such Bonds as evidenced by their execution thereof. The initial Bond submitted to the Attorney General of Texas shall be numbered T-l and may be typewritten or photocopied or otherwise reproduced. 16 HOU:3003369. ]