08-ordinance authorizing the issuance and sale of the City's Combination Tax & Revenue Certificates of Obligation

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be of no force and effect, the Issuer shall not redeem such Certificates and the Paying Agent/Registrar shall give notice, in the manner in which the notice of redemption was given, ta the effect that the Certificates have not been redeemed. Section 4. FORM OF CERTIFICATES. The fortn of the Certificates, including the fornl of Paying Agent/Registrar's Authentication Certificate, the form of Assignment and the form of Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be attached to the Certificates initially issued and delivered pursuant to this Ordinance, shall be, respectively, substantially as follows, with such appropriate variations, omissions or insertions as are permitted or required by this Ordinance. (a) [Form of Certificate] NO. R- UNITED STATES OF AMERICA STATE OF TEXAS CITY OF PARIS, TEXAS COMBINATION TAX AND REVENUE CERTIFICATE OF OBLIGATION, SERIES 2010 Interest Rate Dated Date Maturity Date April 1, 2010 December 15, REGISTERED OWNER: PRINCIAAL AMOUNT: DOLLARS PRINCIPAL AMOUNT $ CUSIP No. ON THE MATURITY DATE specified above, the City of Paris, in Lamar County, Texas (the "I ssuer"), being a political subdivision and municipal corporation of the State of Texas, hereby promises to pay to the Registered Owner specified above, or registered assigns (hereinafter called the "Registered Owner"), on the Maturity Date specified above, the Principal Amount specified above. The Issuer promises to pay interest on the unpaid principal amount hereof (calculated on the basis of a 360-day year af twelve 30-day months) from April l, 2010 at the Interest Rate per annum specified above. Interest is payable an December 15, 2010 and semiannually on each June 15 and December 15 thereafter to the Maturity Date specified above, or the date of redemption prior to maturity; except, if this Certificate is required to be authenticated and the date of its authentication is later than the first Record Date (hereinafter defined), such Principal Amount shall bear interest from the interest payment date next preceding the date of authentication, unless such date of authentication is after any Record Date but on or before the next following interest payment date, in which case such principal amount shall bear interest from such next following interest payment date; provided, however, that if on the date af authentication hereof the interest on the Certificate or Certificates, if any, for which this Certificate is being exchanged is due but has not been paid, then this Certificate shall bear interest from the date to which such interest has been paid in full.