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Section 2. That there shall be and is hereby levied for the year 2002, and ordered to be <br />collected, a tax of $0.695 on each and every ONE HLTNDRED DOLLARS ($100.00) of the <br />assessed valuation of all property of every description subj ect to taxation within the corporate <br />limits of Paris, and that said tax so levied shall be distributed and apportioned as follows: <br />For the payment of CURRENT EXPENSES of the City <br />Government of the City of Paris, on each and every <br />One Hundred Dollars worth of property situated <br />within the corporate limits of Paris and subject to <br />taxation a tax of $0.56104 <br />(of which $0.00180 will be for the operation of the <br />Paris Municipal Band) <br />For paying interest and creating a sinking fund <br />for General Obligation Bonds, Series "1993," on <br />each and every One Hundred Dollars worth of <br />property situated within the corporate limits of <br />Paris and subject to taxation, a tax of $0.03963 <br />For paying interest and creating a sinking fund <br />for Tax and Revenue Certificates of Obligation, <br />Series "2000,"on each and every one Hundred Dollars <br />worth of property situated within the corporate limits of <br />Paris and subject to taxation, a tax of $0.05115 <br />For paying interest and creating a sinking fund for Tax <br />& Revenue Certificates of Obligation Series 2002 on <br />each and every One Hundred Dollars worth of property <br />situated within the corporate limits of Paris and subject <br />to taxation, a tax of $0.04318 <br />TOTAL <br />$0.695 <br />Section 3. That the City Tax Assessor and Collector of the City of Paris is hereby <br />directed to assess, extend, and enter upon the rolls of the City of Paris, Paris, Texas, for the <br />current taxable year, the amount and rates herein levied and shall be collected as provided by <br />the ordinances and the Charter of the City of Paris, Paris, Texas, and the laws of the State of <br />Texas; and when so collected, same shall be distributed in accordance with ordinance. <br />Section 4. That all ordinances and parts of ordinances in conflict herewith are hereby <br />expressly repealed. <br />Page 2 of 3 <br />