1535 RES AUTHORIZING PUBLICATION OF NOTICE OF BOND SALE

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by the City to assure performance of the contract on the part of the successful bidder. In the event such bidder should fail or refuse to i take up and pay for the bonds in accordance with his bid, then said check shall be cashed and accepted by the City as full and camplete liquidated damages. Otherwise, said check will be returned to the successful bidder upon delivery of and payment for the bonds or applied on the purchase price of the bonds, whichever he desires. Checks of the unsuccessful bidders will be returned to such bidders after the award is made. PRINTED BONDS: The City will furnish printed bonds on lithographed borders, which will have imprinted thereon the facsimile signatures of the Mayor and City Secretary pursuant to Article 717 j-1, Jernon's Annotated Texas Civil Statutes. LEGAL OPIDTION: The City will furnish to the successful purchaser a camplete Transcript of the entire Proceedings had incident to the authorization and issuance of the bonds, together with the final unqualified approving legal opinion of the Attorney General of the State of Texas, and Messrs. McCal1, Parkhurst, & Horton, Bond Attorneys, Dallas, Texas. The bonds will have printed on the back thereof a copy of the final legal opinion of said bond attorneys with a certification by the City Secretary to the effect that the legal opinion was dated as of the date of delivery of and payment for the bonds and that the copy is a true and correct copy of the original opinion. NO-LITYGATION CERTIFICATE: The City will execute and deliver to the successful purchaser, a certificate to the effect that no litigation of any nature has been filed or is pending to restrain or enjoin the issuance or delivery of said bonds or the coupons appertaining thereto, or which would affect the provisions made for their payments or security, or in any manner question- ing the validity of said bonds or coupons. DENOMINATION OF BOIVDS: The bonds will be issued in denomination of $5,000. DEIaIVERY: Delivery of this issue will be made at the expense of the City at any bank in Austin, Texas, designated by the successful bidder. Payment should be in funds immediately available to the City. It is anticipated that delivery of the bonds can be made on or about Februaryl0, 1973, and if for any reason the City is unable to make delivery on or before February 25, 1973 thesuccessful bidder may accept delivery thereafter at his option for the next succeeding 30 days. ADDITIONAL COPIES OF NOTICE OF SALE AND BID FORNL: Additional copies of the "Official Notice of Sale" and "Official Bid Form" may be obtained from Mr. H. C. Greene,City Clerk, Paris, Texas, or from Rowles, Winston & Co., Inc. 200 Houston Natural Gas Building, Houston, Texas, 77002, financial advisors to the City. TIiE CITY RESERVES THE RIGHT TO REJECT ANY AND ALL BIDS, AND TO WAYVE ANY AND ALL IRREGULARITIES. DECEMBER 15, 1972 /S/ James W. Farris Mayor City of Paris, Paris, Texas -2-