1452 RES CITY COUNCIL IN RES NO 1444 DIRECTED ROBERT G DAY BE AUTHORIZED AND DIRECTED TO ACT AS FISCAL AGENT

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3. We agree to direct and coordinate the entire program of financing herein contemplated and to assume and pay the expenses above enumerated. It is specifically understood and agreed, however, that this obligation on our part shall not cover any local election expenses except election supplies ; nor shall it cover publication costs, or the expenses of any litigation. 4. As consideration for the services rendered by us and as reimbursement for the expenses which we are to incur, it is understood and agreed that your Citv is to pay and we are to accept a cash fee to be computed as follows : $2,000 as a fee for preliminary planning and application to the Texas Water Development Fund, payable upon execution of this contract and a fee of $8,009.38 upon delivery of the bonds. This fee contemplates issuance of bonds in one installment. Such fee shall become due and payable simultaneously with the delivery of the bonds to the pur- chaser. 5. In the event the bond election contemplated by this proposal should fail, then the fee due us shall be $2;,000.00 ; however should the same or similar proposition(s) again be submitted at an election held within months from date hereof, then at our option the agreement covered by this proposal shall apply to any bonds authorized at such election. 6. It is further understood and agreed that we reserve the right to submit a bid for the bonds when offered for sale. 7. This agreement shall be terminated by the delivery to the purchaser of the bonds covered hereby, or by the elapse of 24 months from date of your acceptance hereof, whichever shall first occur; however, if the bonds have not been so delivered within the period specified, this agreement may be extended by mutual consent. 8. This proposal is submitted in duplicate originals. When accepted by you it will consti- tute the entire agreement between your C1t.y and the undersigned for the pur- pose and considerations herein specified. Your accepta,nce will be indicated by the signature of your Mayor , attested by your Clerk , on both copies and returning one executed copy to us. Respectfully submitted, Rowles, Winston & Co., Inc. 402 Fair Foundation Building Tyler, Texas 75701 By Authorized Representative ACCEPTANCE ACCEPTED pursuant to Resolution adopted by the City Council of City of Paris, Par is , Texas on this the $th day of November, 19 71 Title Mayor, City of Paris, Paris , Texas ATTEST : Title City Clerk, Ci (SEAL) M.A.C. Form C-2. Rev. Apr. 1968 APPROVED AS TO FORM: of Paris, Paris, Texas T. K. Haynes, City Attorney