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ORDINANCE NO. 2025-012 <br />ORDINANCE AUTHORIZING THE ISSUANCE AND SALE OF CITY OF PARIS, <br />TEXAS, TAX NOTES, SERIES 2025; PROVIDING FOR THE PAYMENT OF SAID <br />NOTES; APPROVING THE OFFICIAL STATEMENT; PROVIDING AN EFFECTIVE <br />DATE; AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT <br />THE STATE OF TEXAS § <br />COUNTY OF LAMAR § <br />CITY OF PARIS § <br />WHEREAS, the City Council (the "Council") of the City of Paris, Texas (the "City") <br />hereby finds and determines that it is necessary, useful and appropriate for the City's public <br />purposes to authorize and provide for the issuance and sale of a note of the City for the purposes <br />hereinafter set forth, as authorized by Chapter 1431, Texas Government Code, as amended; and <br />WHEREAS, it is officially found, determined, and declared that the meeting at which this <br />Ordinance has been adopted was open to the public and public notice of the time, place and subject <br />matter of the public business to be considered and acted upon at said meeting, including this <br />Ordinance, was given, all as required by the applicable provisions of Texas Government Code, <br />Chapter 551; <br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY <br />OF PARIS, TEXAS: <br />Section 1. RECITALS, AMOUNT AND PURPOSE OF THE NOTES. The recitals <br />set forth in the preamble hereof are incorporated herein and shall have the same force and effect <br />as if set forth in this Section. The City of Paris, Texas, Tax Notes, Series 2025 (the "Notes") are <br />hereby authorized to be issued and delivered in the aggregate principal amount of $3,995,000 for <br />the purpose of paying all or a portion of the City's contractual obligations incurred in connection <br />with (i) the purchase and equipment of an Aerial Apparatus, Pumper Truck, Brush Truck and <br />Command Vehicle; (ii) the purchase and equipment of a Rescue Dive Boat; (iii) the purchase of <br />materials, supplies and equipment including Breathing Apparatus Equipment; (iv) the purchase of <br />a tractor and mower for the Code Enforcement department; (v) the purchase of vehicles and <br />equipment for the police department; (vi) the purchase of vehicles and equipment for the <br />Emergency Medical Services department; (vii) paying fees for legal, fiscal, engineering, <br />architectural and other professional services in connection with such projects (collectively, the <br />"Projects"); and (viii) paying the costs incurred in connection with the issuance of the Notes. <br />Section 2. DESIGNATION, DATE, DENOMINATIONS, NUMBERS, AND <br />MATURITIES AND INTEREST RATES OF NOTES. Each Note issued pursuant to this <br />Ordinance shall be designated: "CITY OF PARIS, TEXAS, TAX NOTE, SERIES 2025," and <br />initially there shall be issued, sold, and delivered hereunder one fully registered Note, without <br />interest coupons, dated July 1, 2025, in the principal amount stated above and in the denominations <br />hereinafter stated, numbered T-1, with Notes issued in replacement thereof being in the <br />denominations and principal amounts hereinafter stated and numbered consecutively from R-1 <br />