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be designated: "CITY OF PARIS, TEXAS, COMBINATION TAX AND REVENLJE
<br />CERTIFICATE OF OBLIGATION, SERIES 2010", and initially there sha11 be issued, sold, and
<br />delivered hereunder one fully registered certificate, without interest coupons, dated April 1, 2010,
<br />in the principal amount stated above and in the denominations hereinafter stated, numbered T-1, with
<br />certificates issued in replacement thereofbeing in the denominations and principal amounts hereinafter
<br />stated and numbered consecutively from R-1 upward, payable to the respective Registered Owners
<br />thereof (with the initial certificate being made payable to the initial purchaser as described in Section
<br />11 hereo�, or to the registered assignee or assignees of said certificates or any portion or portions
<br />thereof (in each case, the "Registered Owner"). The Certificates shall mature on December 15 in the
<br />years and in the principal amounts and interest rates set forth below, interest on each Certificate
<br />accruing on the basis of a 360-day year of twelve 30-day months from April 1, 2010 or the most
<br />recent interest payment date to which interest has been paid or provided for at the per annum rates
<br />of interest, payable semiannually on June 15 and December 15 of each year until the principal amount
<br />shall have been paid or provision for such payment shall have been made, commencing December 15,
<br />2010, as follows:
<br />Year
<br />2011
<br />2012
<br />2013
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />Principal
<br />Amount
<br />$105,000
<br />105,000
<br />110,000
<br />115,000
<br />125,000
<br />130,000
<br />135,000
<br />140,000
<br />145,000
<br />Interest
<br />Rate Year
<br />3.750% 2020
<br />3.750
<br />3.750
<br />3.750
<br />3.750
<br />3.750
<br />3.750
<br />2.800
<br />3.000
<br />2021
<br />2022
<br />2023
<br />2024
<br />2025
<br />2026
<br />2027
<br />2028
<br />2029
<br />Principal
<br />Amount
<br />$155,000
<br />160,000
<br />170,000
<br />175,000
<br />185,000
<br />190,000
<br />200,000
<br />2I0,000
<br />220,000
<br />230,000
<br />Interest
<br />Rate
<br />3.200%
<br />3 200
<br />3.375
<br />3.500
<br />3.625
<br />3.750
<br />3.875
<br />4.000
<br />4.000
<br />4.200
<br />Section 3. CHARACTERISTICS OF THE CERTIFICATES. (a) Registration, Transfer,
<br />Conversion and Exchange; Authentication. The Issuer sha11 keep or cause to be kept at the corporate
<br />trust office of The Bank of New York Mellon Trust Company, N.A., Dallas, Texas, the "Paying
<br />Agent/Registrar"), books or records for the registration of the transfer, conversion and exchange of
<br />the Certificates (the "Registration Books"), and the Issuer hereby appoints the Paying Agent/Registrar
<br />as its registrar and transfer agent to keep such books or records and make such registrations of
<br />transfers, conversions and exchanges under such reasonable regulations as the Issuer and Paying
<br />Agent/Registrar may prescribe; and the Paying Agent/Registrar sha11 make such registrations,
<br />transfers, conversions and exchanges as herein provided. The Paying AgenURegistrar shall obtain
<br />and record in the Registration Books the address of the registered owner of each Certificate to which
<br />payments with respect to the Certificates shall be mailed, as herein provided; but it sha11 be the duty
<br />of each registered owner to notify the Paying Agent/Registrar in writing of the address to which
<br />payments shall be mailed, and such interest payments shall not be mailed unless such notice has been
<br />given. The Issuer shall have the right to inspect the Registration Books during regular business hours
<br />
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