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<br /> <br /> <br /> <br /> <br /> qualified and legally authorized to act as Paying Agent/Registrar under this Ordinance. <br /> Upon any change in the Paying Agent/Registrar, the previous Paying Agent/Registrar <br /> promptly shall transfer and deliver the Registration Books (or a copy thereoo, along with <br /> all other pertinent books and records relating to the Certificates of Obligation, to the new <br /> Paying Agent/Registrar designated and appointed by the Issuer. Upon any change in the <br /> Paying Agent/Registrar, the Issuer promptly will cause a written notice thereof to be sent <br /> by the new Paying Agent/Registrar to each registered owner of the Certificates of Obligation, <br /> by United States mail, first-class postage prepaid, which notice also shall give the address <br /> of the new Paying Agent/ Registrar. By accepting the position and performing as such, each <br /> Paying Agent/Registrar shall be deemed to have agreed to the provisions of this Ordinance, <br /> and a certified copy of this Ordinance shall be delivered to each Paying Agent/Registrar. <br /> <br /> Section 7. FORM OF SUBSTITUTE CERTIFICATE OF OBLIGATION. The <br /> form of all Certificates of Obligation issued in conversion and exchange or replacement of <br /> any other Certificate of Obligation or portion thereof, including the form of Paying <br /> Agent/Registrar's Certificate to be printed on each of such Certificates of Obligation, and <br /> the Form of Assignment to be printed on each of the Certificates of Obligation, shall be, <br /> respectiveiy, substantialiy as follows, with such appropriate variations, omissions, or insertions <br /> as are permitted or required by this Ordinance. <br /> <br /> FORM OF SUBSTITUTE CERTIFICATE OF OBLIGATION <br /> <br /> NO. PRINCIPAL AMOUNT <br /> . $ <br /> <br /> <br /> UNITED STATES OF AMERICA <br /> STATE OF TEXAS <br /> COUNTY OF LAMAR <br /> CITY OF PARIS, TEXAS <br /> COMBINATION TAX AND UTILITY SYSTEM REVENUE <br /> CERTIFICATE OF OBLIGATION <br /> SERIES 1991 <br /> <br /> DATE OF <br /> INTEREST RATE MATURITY DATE ORIGINAL ISSUE CUSIP NO. <br /> <br /> 7.00% until <br /> June 15, 1992 and <br /> thereafter at the <br /> rate of 8.00% October 15, 1991 <br /> <br /> ON THE MATU2ITY DATE specified above, CITY OF PAI2IS, in Lamar County, <br /> the "Issuer"), being a political subdivision of the State of Texas, hereby promises to pay to <br /> <br /> 14 <br />