2116 RES CITY COUNCIL IN RES NO 2086 ON 13TH DAY OF APRIL 1981

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BOND STATE OF TEXAS ~ KNOW ALL MEN BY THESE PRESENTS: COUNTY OF DALLAS ~ That Texas Power & Light Company (herein called "TP&L" a corpor- ation organized and existing under the laws of the State of Texas and a public utility as that term is defined in the Public Utility Regula- tory Act, Article 1446c, Revised Civil Statutes of Texas, is held and firmly bound unto the City of Paris , Texas (herein called "City"), a municipal corporation of Lamar , County, Texas. The condition of this obligation is such that: WHEREAS, on the 6th day of March, 1981, TP&L filed with the Governimg Body of said City its Statement of Intent to change electric rates charged by TP&L to its customers within said City, and the City having not made its final determination of rates within 90 days from April 10, 1981, the date that the proposed change otherwise would have gone into effect, TP&L will put into effect changed rates, which changed rates will not exceed the rates proposed on March 6, 19$1, upon condition that TP&L shall refund or credit against future bills of its customers in the City all sums collected during the period of suspension in excess of the rates finally ordered plus interest at the current rate as finally determined; NOW, THEREFORE, if TP&L shall refund or credit against future bills of its customers in the City all sums, if any, collected pursuant to such changed rates during the period of suspension in excess of the rates finally ordered plus interest at the current rate as finally determined, or if it is determined that TP&L has collected no sums in excess of the rates finally ordered, then in such event this obligation shall be null and void; otherwise to remain in full force and effect. EXECUTED this 29th day of July , A.D., 1981. TEXAS POWER & LIGHT COMPANY By ~ ice President ATTEST: ~ '.s~t3TANf' c r e t a r y