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Section 4. That by entering into said contract, the City of Paris does hereby in all things <br />reserve and maintain any and all exemptions, exceptions, or defenses under the Constitution and Laws <br />of the State of Texas, including but not limited to any and all such defenses as the same may arise <br />under Article III, Section 52 or other provisions of the State Constitution, as said exemptions, <br />exceptions or defenses shall apply to the obligations of the City of Paris as an assurer under this <br />agreement. <br />Section 5. That this resolution shall become effective from and after its date of passage. <br />PASSED AND APPROVED this 13th day of May, 2002. <br />Michael J. Pfiester, Mayor <br />ATTEST: <br />Mattie Cunningham, City Clerk <br />APPROVED AS TO FORM: <br />Larry W. Schenk, City Attorney <br />