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Our fee and reimbursable expenses shall become due and payable simultaneously with the delivery of <br />the securities to the purchaser. <br />5. In the event any bond election be neceasary, if such election shall fail, the fee due us shall be <br />95% of the Set_Charge__in _4i_.;aNW@ver, should the same or similar propositions again be aubmitted <br />to election held within months from date hereof, then at our option the agreement covered <br />by this proposal shall apply to any such securities. <br />6. It is further understood and agreed that we reserve the right to submit a bid for the securities <br />when offered for sale. <br />7. This agreement shall be terminated by the delivery to the purchaser of all the securities covered <br />hereby, whether delivered all at one time, or in installments, <br />8. Special Conditions. In addition to the terms and obligations herein contained, this proposal and <br />agreement is subject to the following special conditions: <br />9. This proposal is submitted in duplicate originals. When accepted by Issuer it will constitute the <br />entire agreement between Issuer and the undersigned for the purpose and considerations herein specified. <br />Your acceptance will be indicated by proper signatures of your authorized officers or representatives on <br />both copies and the returning of one executed copy to us: <br />ectfully submitted, <br />JRA UCHER, PIERC RE NE , NG, Dallas, TX <br />Authorized Representative ^ <br />ACCEPTANCE <br />ACCEPTED pursuant to _resolution adopted by the City Council of the _ <br />Gity of paris, Texas <br />on this 13th__ of-- A~il----- 19 81--• <br />Title Mayor, City of Paris, Texas <br />ATTEST : <br />Title_Ci_t_y <br />_Clerk, Gity of ~aris,_Texas____ <br />(SEAL) <br />M.A.C. Form C-I <br />Rev. September, 1976 <br />