88-033 ORD CERTIFICATE FOR ORDINANCE

Home Browse Search

Issuer's entire existing Waterworks and Sewer System, provided that the "Pledged Revenues" may in the future at the option of the Issuer, include other revenues, income or resources, which lien and pledge is superior to the lien and pledge securing the outstanding City of Paris, Texas Water- works and Sewer System Revenue Refunding Bonds, Series 1983 and any Additional Bonds on parity thereto. SAID ISSUER has reserved the right, subject to the re- strictions stated, and adopted by reference, in the Ordin- ance authorizing this Series of Bonds, to issue additional parity revenue bonds which also may be made payable from, and secured by a lien on and pledge of the Pledged Revenues. THE HOLDER HEREOF shall never have the right to demand payment of this obligation out of any funds raised or to be raised by taxation. BY BECOMING the registered owner of this Bond, the registered owner thereby acknowledges all of the terms and provisions of the Bond Ordinance, agrees to be bound by such terms and provisions, acknowledges that the Bond Ordinance is duly recorded and available for inspection in the offi- cial minutes and records of the governing body of the Issuer, and agrees that the terms and provisions of this Bond and the Bond Ordinance constitute a contract between the registered owner hereof and the Issuer. IN WITNESS WHEREOF, the Issuer has caused this Bond to be signed with the manual signature of the Mayor of the Issuer and countersigned with the manual signature of the Ci#y Scaretary of the Issuer, has caused the official seal of the Issuer to be duly impres n this caused this Bond to be dated Se emb ~ City Secretary , Mayor (CITY SEAL) 8