1258 ORD PROVIDING FOR ISSUANCE OF COP WATERWORKS AND SEWER IMPROVEMENT AND EXTENSION REVENUE BONDS SERIES 1952

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Adlbk Alk I equities ir: favor of subsequer.t holders for va.lue without r.otice, and to agree that this bond ar.d each of the coupons hereto attached, rnay be negotiated by delivery by any person ha.ving possession hereof, howsoever such r,ossession niay have been acquired, and that any holder who sha?1 have tal:-en this bond or any of the coupons from any person for value and without notice, trereby has acquired absolute title t;iereto, free frora ar.y defenses enforceable a;ainst any prio= r,olaer and free fror.i all equities and claims of owriership of an3T such prior holder. ilze Citi= oi Paris and its officials and the paying agent hereinabove naned shall riot be affected by an,r notice to the contrary. i'ne City res--rves the right to issue additional bonds on a uarity with such 'ocr.ds for waterworks and se.:er improvements and exter.sions, under the conditi-ons stated iil the ordynance auth^rizirg th~.s bond, said bonds being paya:,le iror che san:e sou.rce as are the Bonds of this issue and secured by the sane revenuesand shall be on a paritdr with this issue of bonds. Iii'Z I`1' IS 1-L.ktEBY MRTIFTEll aF1u FtZCITEU that the issuance of this bond and the series o'L which it is a part, is duly authorized by law and by a r,~a, jority of the resident, qualified electors o;rning taxa.ale property in said City, and who have duly rendered tk:e same for taxation, voting at an election held for that purpose within said City; that all acts, conditions and thin;s required to exist precedent te and in the issuance of this bond to render the same lawful and valid have been properl;; done, 1iave happened and been performed in regular and due t:Lne, forra and manr.er as required by the Constitution and laws of the atate oi Texa.s, and the ordinance iierein- above ;nentioned and that this series oT re venue bonds does iiot exceed any constitutional, statutory or charter limitations, and that provision has been 7:.ade sor the payrnent oi the principal and interest of tliis bond and the series of which it is apart by irrevocably pledg:ng to the payment thereof net revenues of the Watervrorks and aewer S;istem of the 'V'itlr of Paris. IN TEa`lII.CNY v,,TM:::tEUr, the ("ity Councii of the Citu of Paris, Texas,, has caused the seal of s aid Cit;T to be impressed hereon -urf.d this bond to be sigr.ed by the La~ror of s~:id City and countersigned k~y the CitJ (;lerl., and. has caused the annexed coupons to be si.gned bJ the facsixnile