07 - Issuance & Sale of City of Paris GO Bonds, Series 2018

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ANY ACCRUED INTEREST due in connection with the final installment of principal of this Bond shall be paid to the registered owner upon presentation and surrender of this Bond for payment at the principal corporate trust office of the Paying Agent/Registrar, The Issuer covenants with the registered owner of this Bond that on or before each principal payment date and interest payment date for this Bond it will make available to the Paying Agent/Registrar, from the "Interest and Sinking Fund" created by the Bond Ordinance, the amounts required to provide for the payment, in immediately available funds, of all principal of and interest on the Bond, when due. IF THE DATE for the payment of the principal of or interest on this Bond shall be a Saturday,. Sunday, a legal holiday or a day on which banking institutions in the city where the principal corporate trust office of the Paying Agent/Registrar is located are authorized by law or executive order to close, then the date for such payment shall be the next succeeding day that is not such a Saturday, Sunday, legal holiday or day on which banking institutions are authorized to close; and payment on such date shall have the same force and effect as if made on the original date payment was due. THIS BOND is one of a series of Bonds dated May 1, 2018, authorized in accordance with the Constitution and laws of the State of Texas in the principal amount of [S1,3 t1�,000], with [$1,200,000] issued for the Utility System Improvements (as defined in the Bond Ordinance) and [S 190,000] issued for the Street Improvements (as defined in the Bond Ordinance), and to, pay the costs incurred in connection with the issuance of the Bonds. THE UNPAID PRINCIPAL INSTALLMENTS OF THIS BOND are not subject to redemption prior to maturity. THIS BOND is, issuable in the form of one fully -registered Bond without coupons in the denomination of [$1,3,90,000] or the: remaining principal amount of the outstanding Bond of this series if an exchange of a Bond is made after a reduction in the principal amount of the series by a payment of a scheduled installment of principal. The Paying Agent/Registrar shall record in the Bond Registration Books all payments of principal installments on this Bond when made on their respective due dates. This Bond may be transferred or exchanged, in whole but not in part, as provided in the Bond Ordinance, only upon the registration books kept for that purpose at the above-mentioned office of the Paying Agent/Registrar upon surrender of this Bond together with a written instrument of transfer or authorization for exchange satisfactory to the Paying Agent/Registrar and duly executed by the registered owner or its duly authorized attorney, and thereupon a new Bond of the same maturity and in the same aggregate principal arnount shall be issued by the Paying Agent/Registrar to the transferee in exchange therefor as provided in the Bond Ordinance, and upon payment of the charges therein prescribed, The Issuer and the Paying Agent/Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof for the purpose of receiving payment of, or on account of, the principal hereof and interest due hereon and for all other purposes. The Paying Agent/Registrar shall not be required to make any such transfer or exchange during the period commencing with the close of business on any Record Date and ending with the opening of business on the next following principal or interest payment date.