10 - Issuance of Certificates of Obligation Series 2020

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portion of the Issuer's contractual obligations incurred in connection with (i) the renovation, repair and other improvement of the Issuer's Love Civic Center and (ii) paying legal, fiscal and engineering fees in connection with such project (the "Project"). Section 2. DESIGNATION, DATE, DENOMINATIONS, NUMBERS, MATURITIES OF CERTIFICATES AND INTEREST RATES. Each certificate issued pursuant to this Ordinance shall be designated: "CITY OF PARIS, TEXAS COMBINATION TAX AND SURPLUS REVENUE CERTIFICATE OF OBLIGATION, SERIES 2019," and there shall be issued, sold, and delivered hereunder one fully registered certificate, without interest coupons, dated January 1, 2020, in the denomination and principal amount of $1,500,000 or the remaining principal amount of the outstanding Certificate of this series if an exchange of a Certificate is made after a reduction in the principal amount of the series, either by a payment of a scheduled installment of principal or as a result of redemption of part of the Certificate prior to the maturity date, numbered R-1, with any certificate issued in replacement thereof being in the denomination of the full principal amount of the series of which the certificate is issued (the "Authorized Denomination"). Certificates issued in exchange for Certificate R-1 shall be numbered consecutively from R-2 upward. Each Certificate issued in accordance with this Ordinance shall be payable in installments to the registered owner thereof, or to the registered assignee of said Certificate (in each case, the "Registered Owner"). Principal of said Certificate shall mature and be payable in installments on the dates and in the amounts stated in the FORM OF CERTIFICATE set forth in this Ordinance. The Certificate shall bear interest on the unpaid balance of the principal amount thereof from the date of delivery to the scheduled due date, or date of prepayment or redemption prior to the scheduled due date, of the principal installments of the Certificate at the rates per annum specified in the FORM OF CERTIFICATE set forth in this Ordinance, with such interest being payable in the manner provided and on the dates stated in the FORM OF CERTIFICATE set forth in this Ordinance. The term "Certificate" as used in this Ordinance shall mean and include collectively the certificate initially issued and delivered pursuant to this Ordinance and any substitute certificate exchanged therefor, as well as any other substitute or replacement certificate issued pursuant hereto, and the term "Certificate" shall mean any such certificate. Section 3. CHARACTERISTICS OF THE CERTIFICATE. (a) Restration. The Issuer shall keep or cause to be kept at the principal corporate trust office of in__a..... . . ,._._._....... .... _,_.._(the "Paying Agent/Registrar"), books or records for the registration of the transfer and exchange of the Certificate (the "Registration Books"), and the Issuer hereby appoints the Paying Agent/Registrar as its registrar and transfer agent to keep such books or records and make such registrations of transfers and exchanges under such reasonable regulations as the Issuer and Paying Agent/Registrar may prescribe; and the Paying Agent/Registrar shall make such registrations, transfers and exchanges as herein provided. The Paying Agent/Registrar shall obtain and record in the Registration Books the address of the Registered Owner of each Certificate to which payments with respect to the Certificate shall be mailed, as herein provided; but it shall be the duty of each Registered Owner to notify the Paying Agent/Registrar in writing of the address to which payments shall be mailed, and such interest