08 - Certificates of Obligation Series 2021 - Wastewater Plant

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of the Issuer's contractual obligations incurred in connection with the Project, including payment of the costs of issuing the Certificates. 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 2021 ", and initially there shall be issued, sold, and delivered hereunder one fully registered certificate, without interest coupons, dated May 1, 2021, in the principal amount stated above and in the denominations hereinafter stated, numbered T-1, with certificates issued in replacement thereof being in the denominations and principal amounts hereinafter stated and numbered consecutively from R-1 upward, payable to the respective Registered Owners thereof (with the initial certificate being made payable to the initial purchasers as described in Section 11 hereof), or to the registered assignee or assignees of said certificates or any portion or portions thereof (in each case, the "Registered Owner"). The Certificates shall mature on December 15 in the years and in the principal amounts and interest rates set forth below, interest on each Certificate accruing on the basis of a 360 -day year of twelve 30 -day months from the date of initial delivery of the Certificates to the purchasers thereof or the most recent interest payment date to which interest has been paid or provided for at the per annum rates of interest, payable semiannually on December 15 and June 15 of each year until the principal amount shall have been paid or provision for such payment shall have been made, commencing December 15, 2021, as follows: Principal Interest Principal Interest Year Amount Rate Year Amount Rate 2022 2037 2023 2038 2024 2039 2025 2040 2026 2041 2027 2042 2028 2043 2029 2044 2030 2045 2031 2046 2032 2047 2033 2048 2034 2049 2035 2050 2036 Section 3. CHARACTERISTICS OF THE CERTIFICATES. (a) Re pistration Transfer. Conversion and Exchanae• Authentication. The Issuer shall keep or cause to be kept at the corporate trust office of BOKF, NA, Dallas, Texas, the "Paying Agent/Registrar"), books or records for the registration of the transfer, conversion and exchange of the Certificates (the "Registration Books"), and the Issuer hereby appoints the Paying Agent/Registrar as its registrar and transfer agent to keep