2002-07-22 Regular Meeting and Workshop Meeting

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e e "Registered Owner"), the Principal Amount, specified above, with principal instalhnents payable on March 15 in each of the years, and bearing interest at l2er annum rates in aCGordance with the following schedule: YEARS OF STATED MATURITIES PRINCIPAL INSTALLMENTS $ INTEREST RATE % (Intonnation to be inserted from schedule in Section 2 hereof.) INTEREST on the unpaid Principal Amount hereof from the Issue Date, specified above, or from the most recent interest payment date to which interest has been paid or duly provided for until the Principal Amount has become due and payment thereof has been made or duly provided for shall be paid computed on the basis of a 360- (lay ye(l1' of twelve 30-day lllonths; such interest being Qayable on March 15 and September 15 of each year, commencing March 15,2003. THE PRINCIPAL OF AND INTEREST ON this Bon(l are pa~ble in lawful money of the United States of America, without exchange or collection charges. The final payment of principal of this Bond shall be paid to the Registered Owner hereof upon presentation and s\lITender of thi$ Bond at final mat\lfity, at the designated payment office of JPMORGAN CHASE BANK, Dallas, Texas, which is the "Paying AgentJRegistrar" for this Bond. The payment of principal instalhnents an(l interest on this Bond shall be made by the Paying AgentJRegistrar to the Registered Owner hereof as shown by the Registration Books kept by the Paying AgentJRegistrar at the close of business on the Record Date by check drawn by the Paying Agent/Registrar on, and {'ayable solely from, funds of the City required to be on deposit with the Paying AgentJRegistrar for such purpose as required by the ordinance authorizing the issuance of this Bond adopted on July 22, 2002 (the "Bond Ordin~<(e"); and such check shall be sent by the Paying AgentJRegistrar by United States mail, postage prepaid, on each such payment date, to the registered owner hereof at its address as it appears on the Registration Books keQt by the Paying AgentJRegistrar, as hereinafter described. The record date ("Record Date") for payments hereon means the last business day of the month pr~eding a scheduled Qayment. In ad(lition, interest may be paid by such other method, acceptable to the Paying AgentJRegistrar, requested by, and at the risk and expense, of the registered owner. In the event of a non- pa~nent ofinter~st on a scheduled pa~nent date, and tor 30 days thereafter, a new record date for such payment (a "Special Record Date") will be established by the Paying AgentJRegistrar, if and when funds for the payment thereof have been received from the City. NotiGe of the Special Recore!. Date anq of the scheduled payment date of the past due payment (the "Special Payment Date", which shall be 15 calendar days after the Special Record Date) shall be s~nt at least five business daJ"s prior to the SpeGial Record Date by United States mail, first class, postage prepaid, to the address of the Registered Owner appearing on the books of the Paying Agent/Registrar at the close of business on the hlSt business day next Qreceding the date of mailing of such notice. The City covenants with the Registered Owner that no later than each princip~l instalhnent payment date and interest payment date for this Bond it will make av~ilable to the Paying A~ent/Registrar the amounts re'luired to provide for the payment, in immediately available funds, of all principal of and interest on the Bond, when due, in the manner set forth in the Ordinance defined below. FORM OF PAYING AGENT/REGISTRAR'S AUTHENTICATION CERTIFICATE* * Not required on Initial Bond PAYING AGENT/REGISTRAR'S AUTHENTICATION CERTIFICATE It is hereby certified that this Bond has been issued under the provisions of the Bond Ordinance described in the text of this Bond; and that this Bond has been issued in exchange tor, a bond, bonds, or a portion ofa bond or bonds of a Series which originally was approved by the Attorney General of the State of Texas and registered by the Com{'troller of Public Accounts of the State of Texas. 063939.0001 AUSTIN 28034& v2 7