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<br />ORDINANCE '1\0 - ~ 0 00' 0 I J
<br />AUTHORIZING THE ISSUANCE OF CITY OF PARIS, TEXAS WATERWORKS
<br />AND SEWER SYSTEM REVENUE BONDS, SERIES 2000, IN THE PRINCIPAL
<br />AMOUNT OF $9,500,000, AND APPROVING OTHER AUTHORIZING
<br />INSTRUMENTS AND PROCEDURES RELATING THERETO
<br />
<br />THE STATE OF TEXAS
<br />COUNTY OF LAMAR
<br />CITY OF PARIS
<br />
<br />WHEREAS, there is presently outstanding the following bonds of the City of Paris (the
<br />"Issuer"), which are secured by the Net Revenues of the Issuer's Waterworks and Sewer System:
<br />
<br />Waterworks and Sewer System Revenue Bonds, Series 1992, dated April 1, 1992,
<br />maturities December 15,2000 through December 15, 2001, now outstanding in the
<br />principal amount of $840,000 (the "Series 1992 Bonds");
<br />
<br />Waterworks and Sewer System Revenue Bonds, Series 1997, dated February 15,
<br />1997, maturities June 15, 2000 through June 15, 2016, now outstanding in the
<br />principal amount of $4,830,000 (the "Series 1997 Bonds");
<br />
<br />Waterworks and Sewer System Revenue Refunding Bonds, Series 1998, dated
<br />September I, 1998, maturities December 15,2002 through December 15, 2011, now
<br />outstanding in the principal amount of $6,905,000 (the "Series 1998 Bonds");
<br />
<br />WHEREAS, the bonds hereinafter authorized are to be issued and delivered pursuant to
<br />Articles 1111 through 1118, V.A.T.C.S., now codified as Chapter 1502, Government Code, and
<br />Chapter 1064 of the 76th Legislature 1999; and
<br />
<br />WHEREAS, the meeting was open to the public and public notice of the time, place and
<br />purpose of said meeting was given pursuant to Chapter 551, Texas Government Code.
<br />
<br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS:
<br />
<br />Section 1. AMOUNT AND PURPOSE OF THE BONDS. The bond or bonds of the City
<br />ofP ARIS (the "Issuer") are hereby authorized to be issued and delivered in the aggregate principal
<br />amount of $9,500,000, for the purpose of improving and extending the Issuer's Waterworks and
<br />Sewer System.
<br />
<br />Section 2. DESIGNATION OF THE BONDS. Each bond issued pursuant to this Ordinance
<br />shall be designated: "CITY OF PARIS, TEXAS WATERWORKS AND SEWER SYSTEM
<br />REVENUE BOND, SERIES 2000", and initially there shall be issued, sold, and delivered hereunder
<br />a single fully registered bond, without interest coupons, payable in annual installments of principal
<br />
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