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<br /> FORM OF BOND ~
<br />
<br /> NO. $5, 000 ~
<br /> s
<br /> ' UNITED STATES OF AMERICA i
<br /> STATE OF TEXAS '
<br /> ;t COUNTY OF LAMAR ;
<br /> i! CITY OF PARIS "
<br /> ~f WATERWORK5 AND SEWER SYSTEM REVENUE REFUNDING BOND ~
<br /> SERIES 1983 ~
<br /> ON JUNE 15, 19 , THE C I TY OF PAR I S, I N LAMAR COUNTY, ~
<br /> TEXAS, hereby promises to pay to bearer hereof the principal ~
<br /> amount of i
<br /> FIVE THOUSAND DOLLARS ;
<br /> } and to pay interest thereon from the date of this Bond, at ~
<br /> ~ the rate of % per annum, evidenced by interest coupons ~
<br /> payable June 15, 1984, and semiannually on each December 15 ~
<br /> and June 15 thereafter while this Bond is outstanding.
<br /> ~
<br /> THE PRINCIPAL of this Bond and the interest coupons ap- ~
<br /> pertaining hereto shall be payable to bgarer, in lawful
<br /> money of the United States of America, without exchange or
<br /> e collection charges to the bearer, upon presentation and ±
<br /> surrender of this Bond or proper interest coupon, at the
<br /> following, which, collectively, shall constitute and be
<br /> i. defined as the "Paying Agents" for this Series of Bonds: g
<br /> ~
<br /> LIBERTY NATIONAL BANK IN PARIS, PARIS, TEXAS
<br /> i, or at the t
<br /> INTERFIRST BANK DALLAS, N.A., g
<br /> ; DALLAS, TEXAS r
<br /> ,
<br /> ~ THIS BOND is one of a Series dated as of June 15, 1983, ;
<br /> authorized and issued in the principal amount of $3,110,000, ~
<br /> ~ FOR THE PURPOSE OF REFUNDING ALL OF THE OUTSTANDING CITY OF ~
<br /> ~ PARIS WATERWORKS AND SEWER SYSTEM REVENUE BONDS AND THE CITY ~
<br /> ; OF PARIS, TEXAS CERTIFICATES OF OBLIGATION, SERIES 1981. j
<br /> d
<br /> j, ON JUNE 15, 1993, or on any interest payment date ~
<br /> j thereafter, the outstanding Bonds of this Series may be ;
<br /> i redeemed prior to their scheduled maturities, at the option f
<br /> i of said City, with funds derived from any source, in whole, ~
<br /> ` or in part, for the principal amount thereof and accrued ;
<br /> ij interest thereon to the date fixed for redemption, and !
<br /> ~ without premium. i
<br /> ~
<br /> ~ AT LEAST thirty days prior to the date fixed for any #
<br /> ~ prior redemption a written notice of such redemption shall 4
<br /> ~ be published at least once in a financial publication ~
<br /> published in The City of New York, New York or in the City ~
<br /> of Austin, Texas. By the date fixed for any such redemption ~
<br /> due provision shall be made with the Paying Agents for the ~
<br /> 4 payment of the principal amount of the Bonds which are to be ~
<br /> i' so redeemed and accrued interest thereon to the date fixed ~
<br /> for redemption. If such written notice of redemption is ~
<br /> j; published and if due provision for such payment is made, all
<br /> ~ as provided above, the Bonds which are to be so redeemed ~
<br /> thereby automatically shall be redeemed prior to their
<br /> scheduled maturities, and they shall not bear interest after iI
<br /> ' the date fixed for redemption, and they shall not be re- ~
<br /> garded as being outstanding except for the right of the ;
<br /> bearer to receive the redemption price from the Paying ~
<br /> Agents out of the funds provided for such payment. ;
<br /> ;
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<br /> IT IS HEREBY certified, recited, and covenanted that j
<br /> this Bond has been duly and validly authorized, issued, and „
<br /> delivered pursuant to the applicable laws of the State of ~
<br /> , Texas, including particularly Vernon's Ann. Tex. Civ. St. '
<br /> ~ Article 717k, as amended, and other applicable laws; that ~
<br /> all acts, conditions, and things required or proper to be `
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