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WHEREAS, the City Council of the Issuer deems it necessary and advisable to authorize,
<br />issue and deliver all remaining voted bond authorization from the 2013 Election and the 2017
<br />Election for the Utility System Purposes and the Street Purposes, as stated above, and as further
<br />shown on Schedule I hereto; and
<br />WHEREAS, the Bonds hereinafter authorized are to be issued, sold and delivered pursuant
<br />to the general laws of the State of Texas, including Tex, Govt Code Anil, Chapter 1331, as
<br />amended, and the elections described above; and
<br />WHEREAS, It is officially found, determined, and declared that the meeting at which this
<br />Ordinance has been adopted was open to the public and public notice of the time, place and subject
<br />matter of the public business to be considered and acted upon at said meeting, including this
<br />Ordinance, was given, all as required by the applicable provisions of Tex. Gov't Code Ann. ch.
<br />551; Now, Therefore
<br />11111, JIIII,%,''I 11 11111 111111 �I 11111�1 III III
<br />111111 IN!
<br />MMI I
<br />Section 1. RECITALS, AMOUNT AND PURPOSE OF THE BONDS, The recitals set
<br />forth in the prearrible hereof are incorporated herein and shall have the same force and effect as if
<br />set forth in this Section. The bonds of the Issuer are hereby authorized to be issued and delivered
<br />in the aggregate principal amount of [$1,390,000], with [$1,200,000] of such bonds issued to, fund
<br />the Utility System Purposes and with [$190,0001] of such bonds issued to fund the Street Purposes
<br />(tile Utility System Purposes and the Street Purposes are herein collectively referred to as the
<br />"Project"), and to pay the costs incurred in connection with the issuance of the Bonds.
<br />Section 2, DESIGNATION, DATE, DENOMINATION, NUMBER, AND MATURITY
<br />AND INTEREST RATE OF BOND, Each bond issued pursuant to this Ordinance shall be
<br />designated! "CITY OF PARIS, TEXAS, GENERAL OBLIGATION BOND, SERIES 2018,11
<br />and there shall be issued, sold, and delivered hereunder one fully registered bond, without interest
<br />coupons, dated May 1, 2018 (the "Dated Date"), in the denomination and principal amount of
<br />[$1,390,000] or the remaining principal amount of the outstanding Bond of this series if an
<br />exchange of a Bond is made after a reduction in the principal amount of the series by a payment of
<br />a scheduled installment of principal, numbered R-1, with any bond issued in replacement thereof
<br />being in the denomination of the full principal amount of the series of which the bond is issued and
<br />numbered consecutively from R-2 upward, payable in installments to the registered owner thereof,
<br />or to the registered assignee of said bond (in each case, the "Registered Owner"), Principal of
<br />said Bond shall mature and be payable in installments on the dates and in the amounts stated in the
<br />FORM OF BOND set forth in this Ordinance. The Bond shall bear interest on the unpaid balance
<br />of the principal amount thereof from the Dated Date to the scheduled due date of the principal
<br />installments of the Bond at the rates per annum specified in the FORM OF BOND, set forth in this
<br />Ordinance, with such interest being payable in the manner provided and on the dates stated in the
<br />FORM OF BOND set forth in this Ordinance,
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