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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> accepting the position and performing as such, each Paying <br /> Agent/Registrar shall be deemed to have agreed to the provi- <br /> sions of this Ordinance, and a certified copy of this Ordinance <br /> shall be delivered to each Paying Agent/Registrar. <br /> Section 7. FORM OF SUBSTITUTE BONDS. The form of all <br /> Bonds issued in conversion and exchange or replacement of any <br /> other Bond or portion thereof, including the form of Paying <br /> Agent/Registrar's Certificate to be printed on each of such <br /> Bonds, and the Form of Assignment to be printed on each of the <br /> Bonds, shall be, respectively, substantially as follows, with <br /> such appropriate variations, omissions, or insertions as are <br /> permitted or required by this Ordinance. <br /> FORM OF SUBSTITUTE BOND <br /> <br /> PRINCIPAL <br /> NO. AMOUNT <br /> $ <br /> UNITED STATES OF AMERICA <br /> STATE OF TEXAS <br /> COUNTY OF LAMAR <br /> C I TY OF PAR I S, TEXAS <br /> GENERAL OBLIGATION BOND <br /> SERIES 1985 <br /> INTEREST RATE MATURITY DATE DATE OF ORIG. ISSUE CUSIP NO. <br /> September 1, 1985 <br /> <br /> ON THE MATURITY DATE specified above, the City of Paris, <br /> in Lamar County, (the "Issuer"), being a political subdivision <br /> of the State of Texas, hereby promises to pay to <br /> or to the registered assignee hereof (either being hereinafter <br /> called the "registered owner") the principal amount of <br /> <br /> and to pay interest thereon from September 1, 1985, to the ma- <br /> turity date specified above, or the date of redemption prior to <br /> maturity, with interest being payable on March 1, 1986 and <br /> semiannually on each September 1 and March 1 thereafter, at the <br /> interest rate per annum specified above; except that if the <br /> date of authentication of this Bond is later than February 15, <br /> 1986, the first scheduled Record Date for the Initial Bond, <br /> such principal amount shall bear interest from the interest <br /> payment date next preceding the date of authentication, unless <br /> such date of authentication is after any Record Date (herein- <br /> after defined) but on or before the next following interest <br /> payment date, in which case such principal amount shall bear <br /> interest from such next following interest payment date. <br /> THE PRINCIPAL OF AND INTEREST ON this Bond are payable in <br /> lawful money of the United States of America, without exchange <br /> or collection charges. The principal of this Bond shall be <br /> paid to the registered owner hereof upon presentation and <br /> surrender of this Bond at maturity or upon the date fixed for <br /> its redemption prior to maturity, at the principal corporate <br /> trust office of the InterFirst Bank Dallas, N.A., Dallas, <br /> Texas, which is the "Paying Agent/Registrar" for this Bond. <br /> The payment of interest on this Bond shall be made by the <br /> Paying Agent/Registrar to the registered owner hereof on each <br /> interest payment date by check or draft drawn by the Paying <br /> Agent/Registrar on, and payable solely from, funds of the <br /> Issuer required by the ordinance authorizing the issuance of <br /> the Bonds (the "Bond Ordinance") to be on deposit with the <br /> Paying Agent/Registrar for such purpose as hereinafter pro- <br /> vided; and such check or draft shall be sent by the Paying <br /> Agent/Registrar by United States mail, first-class postage <br /> prepaid, on each such interest payment date, to the registered <br /> 11 <br />