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NOTICE OF REDEMPTION <br /> <br /> NOTICE IS HEREBY GIVEN that the City of Pads, Texas has called for redemption the <br />outstanding Certificates of Obligation of the City described as folloxvs: <br /> <br />CITY OF PARIS, TEXAS Certificates of Obligation, Series 1994, dated August 15, 1994, <br />maturities December 15, 2005 through December 15, 2014, in the aggregate principal amount <br />of $3,485,000, to call date of the Bonds so called for redemption at Bank of Oklahoma. Call <br />date: December 15, 2004. <br /> <br />On December 15, 2004, interest on the Bonds shall cease to accrue and be payable. <br /> <br /> THIS NOTICE is issued and given pursuant to the redemption provisions in the proceedings <br />authorizing the issuance of the aforementioned Certificates of Obligation and in accordance xvith the recitals <br />and provisions of said Certificates of Obligation. <br /> <br /> NOTICE IS GIVEN that due and proper arrangements have been made for providing the place of <br />payment of said Certificates of Obligation called for redemption xvith funds sufficient to pay the principal <br />amount of said Certificates of Obligation and the interest thereon to the redemption date. In the event said <br />Certificates of Obligation, or any of them are not presented for redemption by the date fixed for their <br />redemption, they shall not thereafter bear interest. <br /> <br /> IN COMPLIANCE xvith the Economic Groxvth and Tax Relief Reconciliation Act of 2001 (the <br />"Act"), the broker reporting requirements, the redeeming institution is required to xvithhold 30% of the principal <br />amount of your holdings redeemed unless they are provided xvith a W-9 Form certifying your social security <br />number or federal employer tax identification number. <br /> <br /> NOTICE IS FURTHER GIVEN that the Certificates of Obligation should be submitted to either of <br />the folloxving addresses: <br /> <br />Mail Delivery or Hand Delivery <br /> <br /> Bank of Oklahoma <br />Corporate Trust Operations <br />One Williams Center, lqh Floor <br />Tulsa, Oklahoma 74172 <br /> <br />Curtis Fendley, Mayor <br />City of Pads <br /> <br /> <br />