92-013 ORD CERTIFICATE FOR ORDINANCE AUTHORIZING ISSUANCE OF COP WATERWORKS AND SEWER SYSTEM REVENUE BONDS SERIES 1992

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ORDINANCE AUTHORIZING THE ISSUANCE OF WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 1992, IN THE PRINCIPAL AMOUNT OF $9,700,000, AND ORDAINING OTHER MA'ITERS RELATING TO THE SUBJECT THE STATE OF TEXAS § COUNTY OF LAMAR § CITY OF PARIS § WHEREAS, the following bonds of the City of Paris are payable from surplus revenues of the City's Waterworks and Sewer System, and are presently outstanding: City of Paris, Texas Tax and Revenue Refunding Bonds, Series 1991, dated November l, 1991, maturities December 15, 1992 through December 15, 2011, in the aggregate principal amount of $16,110,000 (the "Series 1991 Bonds"); and WHEREAS, the City Council has heretofore, on the 9th day of March, 1992, adopted a resolution authorizing and directing the city secretary to give notice of intention to issue revenue bonds; and WHEREAS, said notice has been duly published in the Paris News, which is a newspaper of general circulation in said City, in its issues of March 12, 1992 and March 19, 1992; and WHEREAS, the City received no petition from the qualified electors of the City protesting the issuance of such revenue bonds; and WHEREAS, the bonds hereinafter authorized are to be issued and delivered pursuant to Articles 1111 through 1118, V.A.T.C.S., Article 2368a, V.A.T.C.S., and Chapter 252, Local Government Code; and WHEREAS, the meeting was open to the public and public notice of the time, place and purpose of said meeting was given pursuant to Article 6252-17, V.A.T.C.S. THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. AMOUNT AND PURPOSE OF THE BONDS. The bond or bonds of the City of Paris (the "Issuer") are hereby authorized to be issued and delivered in the aggregate principal amount of $9,700,000, for the purpose of providing money for improvements and extensions to the Issuer's Waterworks and Sewer System. 1