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Ank - - Amik I
<br />date :Zeleof at the rate of per cent pe-r annurr~, payable October 1, 1952,
<br />and semi-annuEZlly thereaiter on .Prii lst and Uctober lst of ea-ch year, until
<br />the principal sun, snall be naid, whicn interest is nayable in lawfui money of
<br />the United States of Arqerica, upcn presentation and. surrender of proper coupons
<br />as they severally b--corne due, botl-: principa.l and ir.terest Uein4~ payable a{, the
<br />T`ercantile I`latiorial Ea:-:c ai, Dallas, Dallas, Texas, or, at the option of the
<br />izolder, at the Liberty Tvational t3azik, Yaris, i'exas.
<br />'i'his bond :is one of a series of bor:ds of like texior and
<br />effect, exce;it as to nar.lber, irii,erest ra.te, r.~aturitJ and right of ?orior re-
<br />demption, nwnbered One (1) te ?ive :Iu-ridred F:fty (550), both ir.clusive, of the
<br />denomination of Crle Thousand (<;r1,000.00) jollars eaciz, aggregating rive Hundred
<br />FiftST Thousand W'550,000,UG) :)ollars, issued by the Cit,,r of Paris, Texas, for
<br />tire purpose of improving and extending the City's wraterworks and Sevrer SJSte3:-.,
<br />in accord3nce with the Constitution and laws of the State of `l'exa.s, and the
<br />Charter of said City, and pursuant to an ordinar.ce passed by the City Cour~cil,
<br />duly recorded in the nlinutes of said City Councii.
<br />T'r:e d.a.te of this bond in conforrnity ;aith the ordinance
<br />above mentioned is Janua.ry l, 1952,
<br />%*(The City reserves the option of cal)_ing this bond for
<br />redemptioil prior ta nia.turity oii any ir,terest pa3.ment date on and after
<br />October 1,, 1966, ut par and a.ccrued interest, provided thirty days' natice
<br />of such call is givsn in writirg to the place of payment and provided said
<br />r.otice is published in a financial publication published in the City of New
<br />York, Pdew York. Said notice shall dppear in said publication in at least
<br />one issue, the date of said issue being not less tizan thirty da5-s prior to
<br />the date so fixed for redemption. If such bond is called for rede,mption in
<br />said manner and if funds suffi.cier.t to pay the redemptior. price shall have
<br />been duly placed in the bank of payment, U~ the da.te fixed for redan;Dtion,
<br />it sr,all not thereafter bear interest. j
<br />Tr.e holder hereof shall never have the x-ight to deciand
<br />payrr.ent of this obligation out of f:znds ra4.sed or t..e be i~uised by taxdtion.
<br />Each successive helder of tliis bond ar_d each successive holder of aach of the
<br />coupons hereto atta.cxied, is conclusivel y presumed to forego a-nd renounce his
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