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<br /> <br /> <br /> p~ <br /> ga <br /> V; <br /> 'performed, exist, and be done precedent to or in the author- <br /> ization, issuance, and delivery of this Bond and the Series f <br /> !of which it is a part have been performed, existed, and been <br /> done in accordance with law; that this Bond and the Series ~ <br /> = of which it is a part constitute special obligations of said ; <br /> I,City, secured by and payable from an irrevocable lien on and ~ <br /> pledge of the "Pledged Revenuesas defined in the Bond ~ <br /> i Ordinance, which Pledged Revenues incl.ude initially the "Net ` <br /> Revenues" of the "System", as such terms are defined in the <br /> Bond Ordinance, with the "System" initially consisting of ° <br /> ~ the City's entire existing waterworks and sewer system; <br /> provided that the "Pledged Revenues" may, in the future, at <br /> E± the option of the City, include other revenues, income, or a <br /> resources, and with such lien being subject and subordinate ; <br /> only to any first lien on and pledge of the "Pledged ° <br /> ~i Revenues" hereafter created and made to secure and pay any <br /> "Prior Lien Additional Bonds" hereafter issued as permitted <br /> in the Bond Ordinance. <br /> ~c THE CITY has reserved the right, subject to the ~ <br /> restrictions stated in the Bond Ordinance, and without ; <br /> a~ obtaining the consent of the holder of this Bond, (1) to ! <br /> , issue "Additional Parity Revenue Bonds" designated as ¢ <br /> "Additional Bonds" in the Bond Ordinance which also may be ° <br /> • <br /> secured by and payable from an irrevocable lien on and ~ <br /> ; pledge of the aforesaid Pledged Revenues, subject and ; <br /> subordinate only to any Prior Lien Additional Bonds <br /> hereafter issued, in the same manner and to the same extent ~ <br /> as this Bond and the Series of which it is a part, and (2) <br /> to issue "Additional Parity Revenue Bonds" designated as <br /> "Prior Lien Additional Bonds" in the Bond Ordinance, to be <br /> secured by and payable from an irrevocable first lien on and <br /> pledge of the Pledged Revenues. <br /> THE CITY has reserved the right, subject to the ; <br /> restrictions stated in the Bond Ordinance, to amend the Bond <br /> i~ Ordinance with the approval of the holders of 51% of the ~ <br /> outstanding principal amount of all Bonds and Additional <br /> ~a Parity Revenue Bonds. ` <br /> BY ACCEPTING THIS BOND the holder hereof acknowledges ~ <br /> the terms and provisions of the Bond Ordinance, agrees to be „ <br /> bound by such terms and provisions, and acknowledges that ~ <br /> ' the Bond Ordinance is duly recorded in the official minutes <br /> and records of the City. <br /> g THE HOLDER HEREOF shall never have the right to demand ; payment of this obligation out of any funds raised or to be ~ <br /> ~ raised by taxation, or from any source whatsoever other than <br /> the Pledged Revenues and other sources described in the Bond ~ <br /> ± Ordinance. ~ <br /> ~ <br /> g <br /> ' IN WITNESS WHEREOF, this Bond and the interest coupons ~ <br /> ; appertaining hereto have been signed with the facsimile $ <br /> ~ signature of the Mayor of said City and countersigned with ~ <br /> the facsimile signature of the City Clerk of said City, and ~ <br /> the official seal of said City has been duly impressed, or ; <br /> placed in facsimile, on this Bond. ' <br /> i ~ <br /> , <br /> i City Clerk, City of Paris Mayor, City of Paris ~ <br /> 1 <br /> i B <br /> a FORM OF REGISTRATION CERTIFICATE: ~ <br /> COMPTROLLER' REGISTRATION CERTIFICATE: REGISTER NO. ~ <br /> i <br /> ~ I hereby certify that this Bond has been examined, cer- s <br /> y, and approved by the Attorney General ~ <br /> tified as to validit <br /> of the State of Texas, and that this Bond has been register- ; <br /> E' ed by the Comptroller of Public Accounts of the State of ; <br /> Texas. ~ <br /> ~ <br /> 4 <br /> I! ~ <br /> I <br /> ~y . <br />