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<br />~.- <br />I. - <br />,.. ... <br /> <br />. <br /> <br />. <br /> <br />ELECTION FORM FOR DISCOUNT CERTIFICATES <br /> <br />(for cities electing an option other than the Standard Discount) <br /> <br />Ms. Sandra Lewis <br />Southwestern Bell Telephone Company <br />One Bell Plaza, Room 3010 <br />P.O. Box 655521 <br />Dallas, Texas 75265-5521 <br /> <br />Re: Cause No. D-142,176; City of Pon Anhur, an incorporated Texas municipality, on <br />behalf of itself and all others similarly situated v. Sourhwes/ern Bell Telephone Company <br />and H. Paul Adams; In the 136th Judicial District Court of Jefferson County, Texas. <br /> <br />Dear Ms. Lewis: <br /> <br />Pursuant to section VI1(D)(l) of the Stipulation of Seulement, the City/Town of <br /> <br />PARIS. <br /> <br />Paris <br /> <br />, Texas elects the following option with respect to the issuance <br /> <br />of the Municipal Discount Certificates: <br /> <br />Non-Standard Discount (a)-a reduction to 70% of Original Face Value <br />of the Certificate with a 40% discount. <br /> <br />Non-Standard Discount (b)-a reduction to 50% of Original Face Value <br />of the Certificate with a 50% discount. <br /> <br />Non-Standard Discount (c)-a reduction to 40% of Original Face Value <br />of the Certificate with a 60% discount. <br /> <br />--L- <br /> <br />Limited Conversion Fe.1ture-conversion of 100% of the Original Face <br />Value of the Certificate into cash equal in amount to 10% of the Original <br />Face Value of the Certificate, not to exceed a cash payment of $25,000. <br /> <br />. Sincerely, <br /> <br />Michael E. Malone <br />City Manager <br /> <br />APPROVED AS TO FORM: <br />, <br /> <br />[fitle), City/Town of PARIS, <br /> <br />Paris ,Texas <br /> <br />T. K. Haynes, City Attorney <br /> <br />EXHIBIT A <br />