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NO. R- UNITED STATES OF AMERICA <br />STATE OF TEXAS <br />CITY OF PARIS, TEXAS <br />GENERAL OBLIGATION REFUNDING BOND <br />SERIES 2012 <br />INTEREST RATE <br />REGISTERED OWNER: <br />PRINCIPAL AMOUNT: <br />DATE OF BONDS MATURITY <br />DATE <br />PRINCIPAL <br />AMOUNT <br />$ <br />CUSIP NO. <br />DOLLARS <br />ON THE MATURITY DATE specified above, the City of Paris, in Lamar County, (the <br />"Issuer"), being a political subdivision and municipal corporation of the State of Texas, hereby <br />promises to pay to the Registered Owner specified above, or registered assigns (hereinafter <br />called the "Registered Owner"), on the Maturity Date specified above, the Principal Amount <br />specified above. The Issuer promises to pay interest on the unpaid principal amount hereof <br />(calculated on the basis of a 360-day year of twelve 30-day months) from , <br />at the Interest Rate per annum specified above. Interest is payable on , <br />and semiannually on each and thereafter to the Maturity Date <br />specified above, or the date of redemption prior to maturity; except, if this Bond is required to be <br />authenticated and the date of its authentication is later than the first Record Date (hereinafter <br />defined), such principal amount shall bear interest from the interest payrnent date next preceding <br />the date of authentication, unless such date of authentication is after any Record Date but on or <br />before the next following interest payment date, in which case such principal amount shall bear <br />interest from such next following interest payment date; provided, however, that if on the date of <br />authentication hereof the interest on the Bond or Bonds, if any, for which this Bond is being <br />exchanged is due but has not been paid, then this Bond shall bear interest from the date to which <br />such interest has been paid in full. <br />THE PRINCIPAL OF AND INTEREST ON this Bond are payable in lawful money of <br />the United States of America, without exchange or collection charges. The principal of this <br />Bond shall be paid to the registered owner hereof upon presentation and surrender of this Bond at <br />maturity, or upon the date fixed for its redemption prior to maturity, at the principal corporate <br />trust office of , , Texas, which is the "Paying Agent/Registrar" <br />for this Bond. The payment of interest on this Bond shall be made by the Paying <br />Agent/Registrar to the registered owner hereof on each interest payment date by check or draft, <br />dated as of such interest payrnent date, drawn by the Paying Agent/Registrar on, and payable <br />solely from, funds of the Issuer required by the ordinance authorizing the issuance of this Bond <br />(the "Bond Ordinance") to be on deposit with the Paying Agent/Registrar far such purpose as <br />hereinafter provided; and such check or draft shall be sent by the Paying Agent/Registrar by <br />United States mail, first-class postage prepaid, on each such interest payment date, to the <br />9 <br />• i <br />