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improvements, the purchase of any necessary right -of -way, drainage and other <br />related costs, and shall the City Council be authorized to levy and cause to be <br />assessed and collected annual ad valorem taxes in an amount sufficient to pay the <br />annual interest on the bonds and provide a sinking fund to pay the bonds at <br />maturity? <br />PROPOSITION NO.2 <br />Shall the City Council of the City of Paris, Texas, be authorized to issue the bonds <br />of the City, in one or more series or issues, in the aggregate principal amount of <br />$500,000, with the bonds of each such series or issue, respectively, to mature <br />serially within not to exceed 20 years from their date, and to be sold at such prices <br />and bear interest at such rates as shall be determined within the discretion of the <br />City Council, for the purpose of improving and equipping parks, trails and <br />recreational facilities, and shall the City Council be authorized to levy and cause <br />to be assessed and collected annual ad valorem taxes in an amount sufficient to <br />pay the annual interest on the bonds and provide a sinking fund to pay the bonds <br />at maturity? <br />Section 3. The official ballots for the election shall be prepared in accordance with the <br />Code so as to permit the electors to vote "FOR" or "AGAINST" the aforesaid PROPOSITIONS, <br />with the ballots to contain such provisions, markings and language as required by law, and with <br />such PROPOSITIONS to be expressed substantially as follows: <br />PROPOSITION NO. 1 <br />FOR ) <br />THE ISSUANCE OF $9,500,000 TAX BONDS FOR <br />AGAINST ) STREET AND ROAD IMPROVEMENTS AND <br />RELATED INFRASTRUCTURE. <br />PROPOSITION NO.2 <br />FOR ) THE ISSUANCE OF $500,000 TAX BONDS FOR <br />AGAINST ) PARK IMPROVEMENTS AND PARK <br />EQUIPMENT. <br />Section 4. All persons legally qualified to vote according to the laws of the State of <br />Texas and the Charter of the City of Paris, Texas, shall be entitled to vote in the election. <br />Section 5. The election shall be held and conducted and the returns thereof made in <br />accordance with the Texas Election Code, the Charter of the City of Paris, Texas, and all other <br />applicable statutes of the State of Texas and ordinances and resolutions of the City of Paris, <br />Texas. The election materials enumerated in Sections 272.001, et seq., Texas Election Code, <br />