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<br /> <br /> <br /> <br /> <br /> <br /> FO Tvs OF INITIAL CERTIFICATE OF OBLIGATION <br /> <br /> NO. R-1 $5,500,000 <br /> <br /> UNITED STATES OF AMERICA <br /> STATE OF TEXAS <br /> COUNTY OF LAMAR <br /> CITY OF PARIS, TEXAS <br /> CERTIFICATE OF OBLIGATION <br /> SERIES 1994 <br /> <br /> <br /> The CITY OF PARIS, in Lamar County (the "Issuer"), being a political subdivision of the <br /> State of Texas, hereby promises to pay to <br /> <br /> <br /> <br /> or to the registered assignee or assignees of this Certificate of Obligation or any portion or <br /> portions hereof (in each case, the "registered owner") the aggregate principal amount of <br /> <br /> FIVE MILLION FIVE HUNDRED THOUSAND DOLLARS <br /> <br /> in annual installments of principal due and payable on December 15 in each of the years, and in <br /> the respective principal amounts, as set forth in the following schedule: <br /> <br /> YEAR AMOUNT YEAR AMOUNT <br /> <br /> 1995 $155,000 2005 $265,000 <br /> 1996 165,000 2006 280,000 <br /> 1997 175,000 2007 300,000 <br /> 1998 180,000 2008 315,000 <br /> 1999 195,000 2009 335,000 <br /> 2000 205,000 2010 355,000 <br /> 2001 215,000 2011 375,000 <br /> 2002 230,000 2012 395,000 <br /> 2003 240,000 2013 420,000 <br /> 2004 255,000 2014 445,000 <br /> <br /> and to pay interest, from the date of this Certificate of Obligation hereinafter stated, on the <br /> balance of each such installment of principal, respectively, from time to time remaining unpaid, <br /> <br /> at the following rates per annum: <br /> <br /> <br /> <br /> <br /> 3 <br />