1993-076-RES WHEREAS, the citizens of Paris did at election on the 1st day of May, 1993, provide for the funding of an

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ARTICLES OF INCORPORATION OF PARIS ECONOMIC DEVELOPMENT CORPORATION We, George Fisher, Michael E. Malone, and T. K. Haynes, the undersigned natural persons over the age of eighteen (18) years and a qualified electors of the City of Paris, Paris, Texas, acting as incorporators of a Corporation under the Development Corporation Act of 1979, Vernon's Ann. Civ. St., Art. 5190.6 as amended by adding Section 4A do hereby adopt the following Articles of Incorporation of the Paris Economic Development Corporation. ARTICLE I NAME The name of the Corporation Development Corpo~ation. is Paris Economic ARTICLE 2 NON-PROFIT CORPORATION The Corporation is a non-profit corporation specifically governed by Section 4A of the Development Corporation Act of 1979, Vernon's Ann. Civ. St. Upon dissolution by election as provided in Section 4A(k) of Art. 5190.6, Vernon's Ann. Civ. St., the Corporation shall continue operations only as necessary to pay the principal of and interest on its bonds and to meet obligations incurred before the date of the election approving dissolution and, to the extent practicable, shall dispose of its assets and apply the proceeds to satisfy those obligations. When the last of the obligations is satisfied, any remaining assets of the Corporation shall be transferred to the City of Paris, Paris, Texas, and the Corporation is dissolved. The tax imposed under said Section 4A, shall continue to be collected to satisfy said obligations until the last obligation is satisfied and may not be collected after the last day of the first quarter beginning after notification to the comptroller by the Corporation that the last of its obligations is satisfied. ARTICLE 3 DURATION The Corporation shall continue in perpetuity. EXHIBlI A