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<br />NOTICE OF SALE ~'IRST DRAFT July 7, 1988
<br />AND
<br />BIDDING INSTRUCTIONS
<br />ON
<br />S5 000 000
<br />CITV OF'rARls, TEXAS
<br />(Laur Countvl
<br />WATERWORrs AND SANITARV SEWER SVSTEM
<br />PRIOR LIEN REVENUE BONDS, SERIES 19BB .!'
<br />SELLING: August 22, 19BB at 3:00 P.M., C.D.T. ,- , '/0 - G V- H
<br />"
<br />THE CIIV WILL DESIGNATE THESE BONDS AS 'TAX-EXEMPT OBLIGATIONS'
<br />IN THE ORDINANCE AUTHORIZING THE BONOS.
<br />
<br />!onds Offered for Sale at Co~etitive Bi~diDq: The City Council of Ihe Cily of Paris La.ar Counly, Texas (Ihe 'City') is
<br />offering for saTi!lr.i~~f its-iraterwor{s & Sanitary SeNer Syste. Prior Lien Revenue ~onds, Series 19BB, INhich shall for
<br />purpose of definition include the 'Initial Bond' and Ihe 'Definitive Bonds'l, as further described in Ihe Official Slatelent
<br />Nhich acco.panies these instructions.
<br />
<br />Address of Bids: Sealed bids, plainly a.rked 'Bid for Bonds', are invited 10 be subaitted and should be addressed and
<br />delivered to "'Honorable Eric S. Clifford, Nayor, Cily of Paris, Texas, City Hall, 135 First Street, S.L, Paris, Texas, 75,4bO,
<br />prior 10 3:00 o'clock P.N.,C,D.T., Augusl 22, 19~B. Bids lusl be suoailled on Ihe Official Bid Fora, Nilhoul alleralion or
<br />interlineation.
<br />
<br />Place and Tiae of Bid O~!nq: The Cily Council Nill cause the bids for Ihe purchase of the Bonds 10 be opened and publicly
<br />read, In Ihe Clly C.uiiC11 Roo., City lIall, Paris, Texas at 3.00 P.N., C.S.L,AugusI22.19BB; checked for accuracy, tabulaled
<br />and presenled 10 Ihe City Louncll for its consideration al a special session 01 Ihe C.uncil to convene al 5.15 o'clock
<br />P.N.,C.D.T., Nonday, Augusl 22, 19BB. The Council Nill al thai liae lake aclion to aNard the Bonds to the bidder offering the
<br />10Nest net effective interest cost to Ihe City (or reject all bids), and adopt an ordinance authorizing the b.nds and approving
<br />the Official SIateaenl.
<br />
<br />ANard of Bond, I,"ediately afler the .pening of Ihe bids and the confir.ation of the bid offering Ihe 10Nest net effeclive
<br />Interest cost to Ihe Cily, Ihe City CounCil Nill take aclion to aNard Ihe Bonds (or reject all bldsl, and adopt a resolution
<br />a.ardinl sale of Ihe Bonds and approving the Official SIaleaent.
<br />
<br />THE BONDS
<br />
<br />Description: The Bonds Nill be dated Septe.ber 1,19BB, and inleresl Nill be due on March I, 19B9 and each Sepleaber I and
<br />Narch 1 thereafler until the earlier of .aturily or prior redeaplion. The Bonds Nill be issued in tully regislered fora, only,
<br />in any integral aultiple of S5,000 Nithin a aaturity and principal and seaiannual interesl Nill be paid by the Paying
<br />Agent/Registrar, initially the First RepublicBank ~allas N.A., Dallas, Texas. Principal of the Bonds Nill be payable to the
<br />regislered holder or ONner at aalurity or earlier redeaption only upon presenlalion at the principal corporate office of the
<br />raying Agent/Regislrar. Inleresl on Ihe Bonds Nill be payable by check, daled as of Ihe interest payaenl dale, and aailed by
<br />Ihe Paying Agent/Registrar to the registered holders as shoNn on the securily regisler of Ihe PaYing Agenl/Regislrar on Ihe
<br />Record O.te. (See 'Record Date for Inlerest Pay~ent' in Ihe Official State.ent) or by such other aethod acceptable to the
<br />Paying Agent Registrar, requested bl' and al the risk and expense of the holder. If the date f.r Ihe payaenl of Ihe principal
<br />~f or inleresl ~n the Bonds shal be a Salurday, Sunday, a legal holiday, or a day on Nhich banking inslitutions in Ihe Cily
<br />Nhere the raying Agent/Registrar is located are authorized by IaN or execullve order to close, Ihen the date for such payaenl
<br />shall be the next succeeding day Nhich is not a Saturday, Sunday, legal holiday or day on Nhich banking institutions are
<br />aulhorized 10 close; and payaent on such date shall have the saae force and effect as if aade on the original dale payaent Nas
<br />due.
<br />
<br />The Bonds Nill aature on Septe~ber 1 in each of the years as folloNS:
<br />
<br />Principal Principal
<br />Vear Aaount Vear Aaount
<br />Tm' r7J,000 1m mQ,O"OO
<br />1990 S 90,000 2000 $245,000
<br />1991 S 110,000 2001 mo,ooo
<br />1992 . 125,000 2002 S275,OOO
<br />1993 S 140,000 2003 $290,000
<br />1m S 155,000 2004' HOO,OOO
<br />1995 . 170,000 2005' mo,ooo
<br />199b S IB5,OOO 200b' sm,ooo
<br />1997 . 200,000 2007' $410,000
<br />199B S 215,000 200B' S500,OOO
<br />
<br />OPTION. The Cily reserves Ihe right, at its option, 10 redeel Bonds .aluring on and after Septe.ber I, 2004, in Nhole or in
<br />part In principal aaounts of .5 000 or any integral aultiple thereof land if Nithin a Maturity by lot by the Paying
<br />Agenl/Reglstrar), on Sepleaber I, 2003, or on any interesl payaenl dale Ihereafter, at the par value thereof plus accrued
<br />interesl to Ihe dale fixed for redeapllon. (See Official Stale.ent for procedure for 'Exercise of Rede.plion Option',
<br />'Seleclion of Bonds for Redelpti.n' and 'Nolice of Rede.plion').
<br />
<br />Source of Pataent: These Bonds to be aulhorized by ordinance adopted by the City Council of the City of Paris, Texas, on
<br />August 22,19BB,-rii accordance Nilh Ihe provisions of Articles 23bBa & Articles 1111 el.seq.,V.A.LC.S., 1925 as ..ended, are in
<br />the opinion 0 B~nd Counsel, special ~bligati.ns of the Cily of Paris, Texas, payable as 10 principal and inlerest fro. a first
<br />and prior lien on the Net Revenues of the City's coabined WalerNorks and Sanitary SeNer srsle. (' Srstea'l. The Cily has
<br />~utstanding issues .f revenue bonds and cerlificates of obligation payable fr.. subordinate iens and p edge of the revenues of
<br />Ihe 'Systea' (identified and defined in Ihe Ordinancel.
<br />
<br />EXHIBIT A
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