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Ab ANVAh, AgIL <br />WI~EAS, at thls timE: it is considered praper to sell <br />on1y $9400aA4.00 of said authwized tond+~ for t~ ~ia-pose of inr;ruvin~ <br />ext,cjtading the City's W'at,ervtoa'ks Sys#em, azd a11 UY aaid auttorized $6o,ooo.w <br />saf bonc3s #+ar lUae purpCrse of improvixg and exterding tkzca City'~ ~ever System, <br />rcspr+rfng the right to the City to se1l a21 esr eny paxt crf t~v remainir~ <br />authcaacized $300,C'OO.00 of" bc+nds for 3.Woving ar,d ext~.~ru3ing the Waterworke <br />System, to be cansiderect when issued as a part af the saae series of indebted- <br />~~s inso#`ar as liers anci rights axe coasldered; artd <br />WMEA&„ It 1e ncrw neceessry and prc►per that the C1t'y <br />Cvuncil praceec~ with the Isaw3nce of suc2a revenue bonds; <br />M; VL ORMZ &D B3~ TM C:M Ct3U'~ ~ OF M C = OF PAFt M: <br />1. That tca prrovide> fwzclo fo3' the purpcwe of improvfrrg <br />and esctendin; the €;it,y's Waterrtooelcs and Sever System., pursuant to the .~".vn- <br />stittatlcra and Statutca of the btate Qf Tcxas, inc:luciing partic:ular3,y =";rt3.cles <br />1111 to lll8s botki inclusive, vf 1925 Revised Civi1 Statutes of T:.: xas, ~n <br />amended, ~~~tcr 163: Acts of i~~~ ~egular Seseion of the Farty :;econd <br />Leg3.s1.ature, as me-ndea$ ther~.~ shall be :Lssued "Cit,y e►S' Paris„ Waterwarlts <br />azad Sewex Toprovewnt Reve~nue Bonds, Series 1957-A,". numixdreci C►m, (1) t'a <br />Chw- "I1housana b^atb i-ncliasive, of the rleraom3saatio.n a~ ~e TY~iousand <br />($1.,000,00) Dc►llarts eacks, asgre~pting Qne, Mi11ian ($l,OW,000.00} Dollars. <br />2, Tliot eaid `tonds sha3.l be dated Augtzst Z, 1957r anr~ <br />sha3,l bear intesest at the rate or Ftur (4%) Per cent per annm, IaYabL,, <br />Januar;y 1, 19580 and eemi-arinual3,y therea#`ter on Ju1y 3.st end Januory 1st <br />of eacti year; principal and interest of r~aid bands sha21 ke payabl.e ira l€aw- <br />ful mowgr c~~ the LFni.tee« :3~tatt s ~zpon present.ation and sur7°t=nder oi' 'iond or <br />prraper coupa~~ at the First Ii#stional Barik 3;n Da11as, Tk,ilas, Texas, without <br />exchan;e or callection cberges ta thts, cawiaer or ho3.der ~ereuf, ax~d they <br />atia3.l m^ture Lqs follows: <br />