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Section 2. DESIGNATION, DATE, DENOMINATIONS,NUMBERS AND MATURITIES
<br />OF THE CERTIFICATES. Each Certificate of Obligation issued pursuant to this Ordinance shall
<br />be designated: "CITY OF PARIS, TEXAS, COMBINATION TAX AND SURPLUS REVENUE
<br />CERTIFICATE OF OBLIGATION, SERIES 2013" and initially there shall be issued, sold and
<br />delivered hereunder one fully registered certificate, without interest coupons, dated February 1,
<br />2013, in the aggregate principal amount stated above and in the denominations hereinafter stated,
<br />numbered T-1, with certificates issued in replacement thereof being in the denominations and
<br />principal amounts hereinafter stated and numbered consecutively from R-1 upward, payable to the
<br />respective Registered Owners thereof (with the initial certificate being made payable to the initial
<br />purchaser as described in Section 12 hereo�, or to the registered assignee or assignees of said
<br />certificate or any portion or portions thereof (in each case, the "Registered Owner"). The
<br />Certificates of Obligation shall mature on June 15 in the years and in the principal amounts and
<br />interest rates set forth below. Interest on each Certificate shall accrue on the basis ofa 360-day year
<br />consisting of twelve 30-day months from the date of initial delivery or the most recent interest
<br />payment date to which interest has been paid or provided far at the per annum rates of interest,
<br />payable semiannually on June 15 and December 15 of each year until the principal amount shall
<br />have been paid or provision for such payment shall have been made, commencing June 15, 2013,
<br />as follows:
<br />Year
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />2022
<br />2023
<br />Principal
<br />Amount
<br />150,000
<br />150,000
<br />150,000
<br />150,000
<br />150,000
<br />145,000
<br />145,000
<br />150,000
<br />150,000
<br />l 50,000
<br />Interest
<br />Rate
<br />0.00%
<br />0.00
<br />0.00
<br />0.00
<br />0.00
<br />0.00
<br />0.12
<br />0.35
<br />0.56
<br />0.75
<br />Year
<br />2024
<br />2025
<br />2026
<br />2027
<br />2028
<br />2029
<br />2030
<br />2031
<br />2032
<br />Principal
<br />Amount
<br />150,000
<br />150,000
<br />155,000
<br />155,000
<br />155,000
<br />160,000
<br />160,000
<br />l 60,000
<br />165,000
<br />lnterest
<br />Rate
<br />0.89%
<br />0.98
<br />1.07
<br />1.14
<br />1.21
<br />1.27
<br />1.33
<br />1.39
<br />1.45
<br />Section 3. CHARACTERISTICS OF THE CERTIFICATES. (a) Re�istration, Transfer,
<br />Conversion and Exchange; Authentication. The Issuer shall keep or cause to be kept at the corporate
<br />trust office of The Bank of New York Mellon Trust Company, N.A., in Dallas, Texas (the "Paying
<br />Agent/Registrar"), books or records for the registration of the transfer, conversion and exchange of
<br />the Certificates of Obligation (the "Registration Books"), and the Issuer hereby appoints the Paying
<br />Agent/Registrar as its registrar and transfer agent to keep such books or records and make such
<br />registrations oftransfers, conversions and exchanges under such reasonable regulations as the Issuer
<br />and Paying AgentJRegistrar may prescribe; and the Paying Agent/Registrar shall make such
<br />registrations, transfers, conversions and exchanges as herein provided. The Paying Agent/Registrar
<br />shall obtain and record in the Registration Books the address of the Registered Owner of each
<br />Certificate of Obligation to which payments with respect to the Certificates of Obligation shall be
<br />mailed, as herein provided; but it shall be the duty of each Registered Owner to notify the Paying
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