14-Deliberate and act on a Resolution approving a PEDC Resolution

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(d) Blanket Issuer Letter of Representations. The previous execution and delivery of the Blanket Issuer Letter of Representations with respect to obligations of the Issuer is hereby ratified and confirmed; and the provisions thereof shall be fully applicable to the Bonds. Section 6. FORM OF BONDS. The form of the Bonds, including the form of Paying Agent/Registrar's Authentication Certificate, the form of Assignment and the form of Registration Certificate of the Comptroller to be attached to the Bonds initially issued and delivered pursuant to this Resolution, shall be, respectively, substantially as follows, with such appropriate variations, omissions, or insertions as are permitted or required by this Resolution. (a) [Form of Bond] NO. R- UNITED STATES OF AMERICA PRINCIPAL STATE OF TEXAS AMOUNT PARIS ECONOMIC DEVELOPMENT CORPORATION $ SALES TAX REVENUE REFUNDING BOND TAXABLE SERIES 2010 Interest Rate Dated Date Maturity Date CUSIP % AprillS, 2010 September 1, REGISTERED OWNER: PRINCIPAL AMOUNT: DOLLARS ON THE MATURITY DATE specified above, PARIS ECONOMIC DEVELOPMENT CORPORATION (the "Issuer"), being a nonstock, nonprofit industrial development corporation created pursuantto Section 4A ofthe Development Corporation Act, formerly Article 5190.6, Texas Revised Civil Statutes, as amended, and now operating, existing and governed by the recodified provisions of such Act as a Type A corporation, under such Act, as such Act has been codified in Chapters 501, 502 and 504, Texas Local Government Code, as amended (the "Act"), and acting on behalf of the City of Paris, Texas (the "City"), hereby promises to pay to the Registered Owner set forth above, or registered assigns (hereinafter called the "registered owner") the principal amount set forth above unless prepaid by the Issuer as permitted hereby, and to pay interest thereon, from the Dated Date above, calculated on the basis of a 360-day year of twelve 30-day months. Interest is payable on September 1, 2010 and semiannually on each March 1 and September 1 thereafter to the Maturity Date specified above; except, if this Bond 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 of authentication hereof the interest on the Bond or Bonds, if any, for which this Bond is being exchanged is due but has not been paid, then this Bond shall bear interest from the date to which such interest has been paid in full.