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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ARTICLE 4 PURPOSES The Corporation is organized exclusively for the purposes of benefiting and accomplishing public purposes of the City of Paris, by promoting, assisting, and enhancing economiC development activities for the City as provided by the Development Corporation Act of 1979 as amended. The Corporation shall have and exercise all of the rights, powers, privileges, authority, and functions given by the general laws of Texas to non-profit corporations by the Texas Nonprofit Corporation Act, Vernon's Ann. Civ. St., Art. 1396-1.01 et. seq., and the additional powers as provided in Art. 5190.6, Section 23, including the issuance of bonds. If any conflict should arise between these statues regarding the Corporation's powers, Art. 5190.6 shall control and govern the Corporation. ARTICLE 5 MEMBERSHIP AND STOCK The Corporation shall have no members and is a non-stock corporation. ARTICLE 6 INTERNAL AFFAIRS The Corporation's internal affairs shall be regulated by a set of Bylaws not inconsistent with the laws of the State of Texas, which have been approved by the City Council of the City of Paris, Paris, Texas under whose auspices the corporation is created. ARTICLE 7 REGISTERED OFFICE AND AGENT The street address of the initial registered office of the Corporation is 135 1st Street S.E., Paris, Texas 75460, and the Corporation initial mailing address is P. O. Box 9037, Paris, Texas 75461. The name of the initial registered agent at such office and address is Michael E. Malone. ARTICLE 8 BOARD OF DIRECTORS The number of directors constituting the initial Board of Directors of the Corporation is five (5), and the names and addresses of the persons who are to serve as the initial directors are: ARTICLES OF INCORPORATION - Page 2