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2010-043 RES APPROVING RESOLUTION PEDC
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2010-043 RES APPROVING RESOLUTION PEDC
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Last modified
8/21/2012 12:12:40 PM
Creation date
4/7/2010 8:32:40 AM
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CITY CLERK
Doc Name
2010-043
Doc Type
Resolution
CITY CLERK - Date
3/22/2010
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EXHIBIT A <br />NOTICE OF REDEMPTION <br />PARIS (TEXAS) ECONOMIC DEVELOPMENT CORPORATION <br />TAXABLE SALES TAX REVENUE BONDS, SERIES 1998 <br />CUSIP NUMBER PREFIX 699894 <br />NOTICE IS HEREBY GIVEN that Paris Economic Development Corporation (the <br />"Corporation") has called for redemption the outstanding Bonds (collectively, the "Redeemed <br />Bonds") of the Corporation described as follows: <br />PARIS ECONOMIC DEVELOPMENT CORPORATION TAXABLE SALES TAX <br />REVENUE BOND SERIES 1998, dated December 1, 1998, maturities September <br />1, 2010 through September 1, 2018, in the aggregate principal amount of $2,560,000, <br />at a redemption price of the principal amount thereof and accrued interest to the <br />redemption date of the Redeemed Bonds so called for redemption at The Bank of <br />New York Mellon Trust Company in Dallas, Texas. Redemption date: April 27, <br />2010, on which date interest on the Redeemed Bonds so called for redemption shall <br />cease to accrue and be payable. <br />THE REDEEMED BONDS have been called for redemption in accordance with the terms <br />of the ordinance authorizing their issuance, and such Bonds shall be redeemed at the Paying <br />Agent/Registrar for the Redeemed Bonds: <br />The Bank of New York Mellon Trust Company, N.A. <br />2001 Bryan Street, l lth Floor <br />Dallas, Texas 75201 <br />Attention: Corporate Trust Department <br />UPON PRESENTATION of the Redeemed Bonds at the Paying Agent/Registrar on the <br />aforementioned redemption date, the holder thereof shall be entitled to receive the redemption price <br />equal to par and accrued interest to the redemption date. <br />NOTICE IS FURTHER GIVEN that due and proper arrangements have been made for <br />providing the place of payment of the Redeemed Bonds called for redemption with funds sufficient <br />to pay the principal amount of the Redeemed Bonds and the interest thereon to the redemption date. <br />In the event the Redeemed Bonds are not presented for redemption by the respective date fixed for <br />their redemption, they shall not thereafter bear interest. <br />THIS NOTICE is issued and given pursuant to the redemption provisions in the proceedings <br />authorizing the issuance of the Redeemed Bonds and in accordance with the recitals and provisions <br />of each of the Redeemed Bonds, respectively. <br />PARIS ECONOMIC DEVELOPMENT CORPORATION <br />A-1 <br />
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