1410 ORD RECOGNIZING CONTRACT BY AND BETWEEN GOVERNMENT AND COX FIELD

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No. Five, for the sum of Four Thousand and No/100 Dollars ($4tOOOo00), dated August 5t Ao Dop 19579 payable to bearer, due on or before August 5* A. D.9 1962, and bearing interest from date until paid, at the rate of four per cent (4i6') per aqnum, interest payable annually as it accrues, No. Six, for the sum of Four Thousand and No/100 Dollars ($4~000o00)v dated August 5. A. D.g 1957t payable to bearer$ due on or before August 5, A. D., 1963, and bearing interest from date until paid, at the rate offbur per cent (4;,.) per annum, interest payable annually as it accrues, No. Seven, for the sum of Four Thousand and No/100 Dollars ($4,000o00), dated August 5, A. D., 1957, payable to bearer, due on or before August 5. A. D., 19649 and bearing interest from date until paid, at the rate of four per cent (4;J. per annum, interest payable annually as it accrues. No. Eight, for the sum of Four Thousand and No/100 Dollars ($4,000,00), dated August 5, AQ D,t 1957, payable to bearer, due on or before August 5. A. D,~ 1965, and bearing interest from date until paid, at the rate of four per cent (4;c)) per annum, interest payaUle annually as it accrueso Noo Nine, for the sum of Four Thousand and No/100 Dollars ($4,000.00), dated August -5, A. L., 1957, payable to bearer, due on or before August 5, Aq DQ, 1956, and bearing interest irom date until paid, at the rate of Four per cent (4;`) per annur.i, interest payable annually as it accrues. No. Ten, for the sum of Four Thousand and No/100 Dollars ($4,000,00), dated Auyust 5, A. Do~ 1957, payuble to bearer, due on or before August 5, A, D,t 1967, and bearing interest from date until paid, at the rate of four per cent (4,/0') per annum, interest payable annually as it accrueso The Mayor of the City of Paris is hereby authorized and directed to issue such time waxrants on behalf of the City of Paris, Texas, and the City Clerk or Acting City Clerk shall attest the same, 2o There is hereby created a special fund in the City Treasury* to be knoivn as the "Cox Field Air Terminal Time VJarrants, Series 19570 Sinking Fund", and for that purpose and to that end shall be levied and collected annually and paid into said fund one-tenth (1/10th) of the aggregate amount of the time warrants described above, same being one-tenth (1/10th) of the principal on all of said time warrants and also the interest accruing annually thereon, to pay the same as they accrue, and said monies are appropriated to that end, 3o For paying the interest and creating a sin:cing fund for the City of Paris, Texasg Cox Field Air Terminal Time Warrantsg S eries 1957) there has already been placed in the Budget of the City of Paris for the period from July 1, 1957 to June 30, 1958, provisions for the payment of the maturing warrant due August 5, 1958, together with the interest accruing on all of said warrants, and provision made in the tax levy for the year 1957 to provide for the retirement of said warrant due August 51, 1958, together with the interest accruing on all of said warrants. It is hereby made the duty of the proper assessing and collecting officer of the City of Paris, annually, in due time, form, and manner, and at the same time other City taxes are assessed and levied, to compute, ascertaint esti- mate, and declare the sum of money required to be leviedt assessedg collected, and raised upon and from said taxable properties to fully and completely raisep create and constitute said sinking Fund and interestg until all of said warrants, together with the accruing interest thereon* are paid in full, and when so ascertained$ the same shall be so levied, assessed and collected, and the duty is imposed upon the City Council and other persons in seeing that the provisions above are carried out from time to time, and that such time warrants and all interest thereon have been paid in full.