|
(b) Initial Certificate Insertions.
<br />(i) The initial Certificate shall be in the form set forth is paragraph (a) of this
<br />Section, except that:
<br />A. immediately under the name of the Certificate, the headings
<br />"Interest Rate" and "Maturity Date" shall both be completed with
<br />the words "As shown below" and "CUSIP No. " shall be
<br />deleted.
<br />B. the first paragraph shall be deleted and the following will be
<br />inserted:
<br />"THE CITY OF PARIS, TEXAS, in Lamar County, Texas (the "City"), being a political
<br />subdivision and municipal corporation of the State of Texas, hereby promises to pay to the
<br />Registered Owner specified above, or registered assigns (hereinafter called the "Registered
<br />Owner"), on June 15 in each of the years, in the principal amounts and bearing interest at the per
<br />annum rates set forth in the following schedule
<br />The City promises to pay interest on the unpaid principal amount hereof (calculated on the basis
<br />of a 360 -day year of twelve 30 -day months) from the Dated Date above, at the respective Interest
<br />Rate per annum specified above. Interest is payable on December 15, 2024 and semiannually on
<br />each June 15 and December 15 thereafter to the date of payment of the principal installment
<br />specified above, or the date of redemption prior to maturity; except, that if this Certificate is
<br />required to be authenticated and the date of its authentication is later than the first Record Date
<br />(hereinafter defined), such Principal Amount shall bear interest from the interest payment date
<br />next preceding the date of authentication, unless such date of authentication is after any Record
<br />Date but on or before the next following interest payment date, in which case such principal
<br />amount shall bear interest from such next following interest payment date; provided, however, that
<br />if on the date of authentication hereof the interest on the Certificate or Certificates, if any, for
<br />A-7
<br />Principal
<br />Interest
<br />Principal
<br />Interest
<br />Years
<br />Amount
<br />Rates
<br />Years
<br />Amount
<br />Rates
<br />2026 $
<br />515,000
<br />5.000%
<br />2038
<br />$ 1,305,000
<br />5.000%
<br />2027
<br />725,000
<br />5.000
<br />2039
<br />1,370,000
<br />5.000
<br />2028
<br />765,000
<br />5.000
<br />2040
<br />1,440,000
<br />5.000
<br />2029
<br />930,000
<br />5.000
<br />2041
<br />1,510,000
<br />5.000
<br />2030
<br />975,000
<br />5.000
<br />2042
<br />1,585,000
<br />5.000
<br />2031
<br />1,035,000
<br />5.000
<br />2043
<br />1,665,000
<br />5.000
<br />2032
<br />1,080,000
<br />5.000
<br />2044
<br />1,750,000
<br />4.000
<br />2033
<br />705,000
<br />5.000
<br />***
<br />***
<br />***
<br />2034
<br />800,000
<br />5.000
<br />2049
<br />9,880,000
<br />4.125
<br />2035
<br />835,000
<br />5.000
<br />***
<br />***
<br />***
<br />2036
<br />875,000
<br />5.000
<br />2054
<br />12,120,000
<br />4.250
<br />2037
<br />925,000
<br />5.000
<br />The City promises to pay interest on the unpaid principal amount hereof (calculated on the basis
<br />of a 360 -day year of twelve 30 -day months) from the Dated Date above, at the respective Interest
<br />Rate per annum specified above. Interest is payable on December 15, 2024 and semiannually on
<br />each June 15 and December 15 thereafter to the date of payment of the principal installment
<br />specified above, or the date of redemption prior to maturity; except, that if this Certificate is
<br />required to be authenticated and the date of its authentication is later than the first Record Date
<br />(hereinafter defined), such Principal Amount shall bear interest from the interest payment date
<br />next preceding the date of authentication, unless such date of authentication is after any Record
<br />Date but on or before the next following interest payment date, in which case such principal
<br />amount shall bear interest from such next following interest payment date; provided, however, that
<br />if on the date of authentication hereof the interest on the Certificate or Certificates, if any, for
<br />A-7
<br />
|