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Section 2. DESIGNATION, DATE, DENOMINATIONS, NUMBERS, AND
<br />MATURITIES AND INTEREST RATES OF BONDS. Each bond issued pursuant to this
<br />Ordinance shall be designated: "CITY OF PARIS, TEXAS, GENERAL OBLIGATION BOND,
<br />SERIES 2016," and initially there shall be issued, sold, and delivered hereunder one fully registered
<br />bond, without interest coupons, dated December 1, 2016, in the principal amount stated above and
<br />in the denominations hereinafter stated, numbered T -1, with bonds issued in replacement thereof
<br />being in the denominations and principal amounts hereinafter stated and numbered consecutively
<br />from R -1 upward, payable to the respective Registered Owners thereof (with the initial bond being
<br />made payable to the initial purchaser as described in Section 10 hereof), or to the registered assignee
<br />or assignees of said bonds or any portion or portions thereof (in each case, the "Registered Owner "),
<br />and said bonds shall mature and be payable serially on December 15 in each of the years and in the
<br />principal amounts, respectively, and shall bear interest from the dates set forth in the FORM OF
<br />BOND set forth in Section 4 of this Ordinance to their respective dates of maturity or redemption
<br />prior to maturity at the rates per annum, as set forth in the following schedule:
<br />Years of
<br />Principal
<br />Interest
<br />Maturity
<br />Amount
<br />Rates
<br />2017
<br />380,000
<br />2.00%
<br />2018
<br />455,000
<br />3.00
<br />2019
<br />495,000
<br />3.00
<br />2020
<br />550,000
<br />3.00
<br />2021
<br />340,000
<br />3.00
<br />2022
<br />355,000
<br />3.00
<br />2023
<br />365,000
<br />3.00
<br />2024
<br />375,000
<br />3.00
<br />2025
<br />385,000
<br />3.00
<br />2026
<br />395,000
<br />4.00
<br />2036
<br />4,685,000
<br />3.10
<br />Section 3. CHARACTERISTICS OF THE BONDS.
<br />(a) Registration, Transfer, Conversion and Exchange. The Issuer shall keep or cause to be
<br />kept at the designated corporate trust office of BOKF, NA, in Dallas, Texas (the "Paying
<br />Agent/Registrar "), books or records for the registration of the transfer, conversion and exchange of
<br />the Bonds (the 'Registration Books "), and the Issuer hereby appoints the Paying Agent /Registrar
<br />as its registrar and transfer agent to keep such books or records and make such registrations of
<br />transfers, conversions and exchanges under such reasonable regulations as the Issuer and Paying
<br />Agent/Registrar may prescribe; and the Paying Agent/Registrar shall make such registrations,
<br />transfers, conversions and exchanges as herein provided. The Paying Agent/Registrar shall obtain
<br />and record in the Registration Books the address of the registered owner of each Bond to which
<br />payments with respect to the Bonds shall be mailed, as herein provided; but it shall be the duty of
<br />each registered owner to notify the Paying Agent/Registrar in writing of the address to which
<br />payments shall be mailed, and such interest payments shall not be mailed unless such notice has
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