1416 ORD PROVIDING ISSUANCE OF COP WATERWORKS AND SEWER IMPROVEMENT REVENUE BONDS SERIES 1957-ATlff z StAD~ VS iAaJ~ F*.+,4
COt , OF L?5MAyt
~ n"f O.~"~ ,["tT% .i.ww3
i
i
OT2 th.f~ii t2e '~~th, '`.~."W of ALigi.ZB$p ~~~7p the City 1,:C3ut'3Cil 4f
thc:: ~iLy of Parfs, Texas, canvc-raed in 'SpeciaI tieetirg, at the regu2ar meetizg
p2ace, with the following membere thereof, to-w3.t:
Jatses E. Gi1.Io Maypa',
C:Lark. Fates, .Tr., :
R. J. McCttbbin,, ;
Rabert G7.ass, : Craunt:. ilmen,
J. 14. Glat$dL'Yiy .
RQbg'3"t iMcWhirtery ~
~",..~L1beT"t C. K;:;nwna7:°.7 ~".i~'ry ~e"le1"j4'.,
and 1ii~~ thF" fAllQwing~ membet"s ttb$'E?`nt: No'!t'?,, Cox33atft.<titg ES q", f3t wh,3.Ch
#:ita~.' $tle fQ],2.owing ,pt'53c~.*e"d3x1gs wex e hod:
Ccnuncil:".~:.: Kcswhirtcr 3ntroduced an otc°e3inance $n3 mei~ ~
motiCJ13 thL9Yt i~'a tFf: pas"d. ThC; mot.dio1'1 wfis EReC.`C2ndC.^d by CoL322CilmaX1 tTlE'1t~den.
`.ihe rzot3+on carryirag wit?i it t~~~ ~sn~~(-~, af whe rardirta.nce prevai.3.ed by t~~e
foUow ing vott- ;
AYES: Lraurgc3lrnen Estcsy McCubbiai,, Glase, G1adden, Ragata
and McW3aixter and Mayc,r Gill.
"E'+'t AiWnc4
D-e r.rdansssacc ~s foZlows:
wmm,= NM/w 1416
BY TEE ~."UY ~.'OU!."IL OF THE t:I'~ OF PARISj W",~ PROVID~
~ ~ ISSM~CE OF CT',~X OF PIRSS., TEXASy W,ATERWCH1'CS AN,D
~~WkN IMMOWMI'NT FFW~~ ~ONDS, SaIEB 1957-A, 'In 'I'RE
.AGGREGATE AMMM OF $1,000,000.00p BEARi~'s INMf:ST AT '~HE
RA`IY. OF 4% PRR A ;T3 S~':CIM PUUS FCFt fI'IW, PURPOSE OF
IMPRw✓YrLto1T ,ftl►iJ S`lXA.i'slwING TW YM,i3,C ~S, W,TIM7YO6lI91'J f:J.YSf ►;?1#~,~+Ri
SY: TEM; PREStRI.B.TNG TIF; FMM OF Bt1NDj PIEDGING TM RE"fEIR)ES
tJF THE CITY'S WATUR6#ORKS ANI3 wFUER S3t~TEM `.I'O V.,~; PAYWW OF
TJW. FVINCLPAZ. AND INTU~'..~°,'3.' OF SAID BOAW; PROVITlM FCE `IM
L'XPEME OF OFM`S:CNG SATD IISYSTUM; YAK:tNG CERTAIN CO'iEXARTS
OF THE CM rH REFnE;NCE ~,`O THE BdOS ANID TEE BOO FtTN19 nUM
VRIC1i S.r' iD PR:[NCIPAL .AND IIMRFS'I' ARE TO 13E WID; IROVID:TNG
THA'I' TI3E HO fE HO1DMLS OF SAID BUPi1JE1 iHPLL IfF'VER HAW
THE I{ IGHT TCi DEMANi3 PAll MNT 4F sAID OBLIGAT'Z~,.S OUT OF A NY
FURW RAISED O"t `iO BF, RA:CSED BY TAXATION, tsND REpEAL.TiOG ALL
CR17iXt'`t.tr'Z ;1A'YT c".V.di3''LIu' t' 2k1`.'a[Uiri+M•
_ .l
WIMUS, tht csty counc~l bas homtotore aa~termiuod ttw.w.
It is t+~ ~~t. intereet of the Cit,y and +af i>s cS.ttz+sns that it iesue
revOnue bm,a~ of said CiC;; for Lbe purpoim czf improving acxd exteruiing tile
Ctty' s Waterwmr&~ Sever Systta; and
MAS, puromut to vuc;u deteraic~~ion, ttle City CouncU
of 1,L* C:ity c►f ~ris, ~Xexue, passed aza orcliname c~ the 16tti day of" Suly,
1,)::6a cell9:n,g aaa e;leciiou on the Yo1lowing pr~Vositionsz
PR 'iION NO. :l
"~tutll the City Cos;nci.l of the city ciaf Paacis, `~emw
be auUhortzed to isAtue the lottds tsf ftf.d City in the skmourt"",
or $2,2403{'100«f1),, m►tur1~ serially i.a sucti iuatalbrerits as
msy be f-ixod by the City Council, the mxlmm maturity being
racat =kt* thau `~.°~irrt.y Five (35) yaws from their da►►te, bearing
Lntere~t at a re-te ~t to ex»+sed Fwc (4%) Per cent per an~~,
for ttw purpww of 3.mprraving wA eartendi.ng i:tis City's Water~~
vorke Szm , t+n be issued 3.n accordanre with and securewd in
~ manor provided in Art3.cles UU-11l8;, 3~th inclueive, of
the rievised Ci,vil Ststute* ot` 11*x", 1925, " amended# eacta
bond to be ccnditiva*d tbAt the hal,der thereaf ea1.l never hav~
the rigci't, to domnd pa;yment af said ticrne out at fUnds
za.ised or to be raiaed by taxat1on,, secured b;; a p~ of Ute
not r~veuueas trce the cperation +af tha Ci.ty's Watetwarlce arA
Sever Sys°tem. "Z'he p le period taf usefulness beiug 50
yoars« ,
P~POSI.1tION 3.iSf • 2
"Swa.l.l t?aQ C3,ty' Cs7uctcil of the Ci.ty Of Pi►I`38, `;~,°~txas,
'#e azzthorized ttr issus Os bonds of aaid cf.ty in t~ amount of
,000.00,, mturiaag serial'l;,r &n such ixiatallments as may,
be f#.acwi by ttid City Cmucil, the aaacimum matuarity being ~ioc,
a~~~e ttiaca ~'~'bArt,y Five {35} ;~ears from tiieir da►te, beartrg itx.
-tex*es'ko ut a ratea nr3t; tv exceed Four {41~} per cent per onmn,
for tt.~ ~ose of impt'ovirg anct ex^4enc3.iitp; the City*~ Sever
:3ystemA ;Jo be issued in ~~~ordattoo v~~h arA aecured in the
nuor provided ia Artieles :.3.11•1116, both inc2ueivej of the
z.arvised '.tvil Statutes of Texas, l,r,-5r as amendod,, each bond
t-o be cmid3:tiau+e+d :_hat the :ccs.l,der Lbereoi" sktr.ll newer have
the ri.ght ta~ demand pa3wttt oS oaisl ab,li4lations aut of funds
ra3.sed or tra be ratsed by taxatian,, se+cure+d by a plec3ge of t~4
not rev~~~ frca the cperatian of the Ci.ty's Watea-works
w3, ~~stem. 'I"he probable per;t~ of usefuLneea being
50 years.
~~~MAM, the e.1~tion hold said City aa tt*- 14th
I€'Iay of August, 15):4, amajority +~f tiw- residoat,, qLm1if'iod electurs ovnirZ-
taxab.1a propertv in said City and vto bsd dUly rendered: the SaM fO;v ta;XalUOU
I v€s:;iug at said eloc,"'#.oa sustaine3 t4er prcpooi.t:ions txp issue► the bonds "Ilerein-
ckerscribecl b„,a t-'4;~ follow3.ng vote:
' M)T TFS I~',+~M= OF WA C1M VIt-
r~~~rld
~.:R'V;Af ~"Q CLt.y iUW jAUt€jod:ity . Za.i..d.,,~ to pUSS ~il.l;;
'~~inance autiwixt'~,~ th~3a if$swvtoe t`~f reverrto ' o for the purpow of ~,r °"7l'ov+ ;
ing ar~ ~ ~"A"A City"s W~tova3.~~~ wiKI 3owwr und+arr the c;or.:-
_=:Atartioa aw st.etx4m o:~ t%e ;"x~te o. Tioxxw., iacl;tftr.g,
~
orr tiw 1; RevZsed Clvil Statuters TV3MINj UC
amovied and Chaptk5r .163, AGts of the f : lar tWSiG1u of the ftrty 4'^*ad
L slature; arid
~"~Sa , b!t!'+!ltorme oa the l3t>3 4ay of . ber~ ~951j. t~3.~
~
A-~N "omcil passed s~rdin=cO SJkt~;t~~`Lr1t?g thO la u:e o;~ ~554#000.06
City of ftY"t'~~a',, Texaz., WatorWork3~ arA Sewet$` l'" t ~ txten$ioa ;:sevem'wa
, Serf,es L951!, 1.e frm Actd mcured a ~aledge of the ~t relreuuev
; ot the City' s Wate~ s wvl Sewr ~~stea, ~ author3zed by Artic,les .1.1,~t. to
,
a; 11130 "9oth inc.luziveQ o.~ the i~evi~ ~ivi.3 Statuies of T , ~ ~ ; ati3
WM M3 r~ ~he LOtli day t3f ` ubez• , 19:6' ~te ~„jty cwu: tz.
~ ~rdiczwx** awtY~rW~ ~he i~st~aa:e of 4,OW,000»00 wity of Oario
, W~terwo~s tv~d. Sei"r "~zprov ; ww. Rctea~~~ tievenue Baxlz, {:e,.,Leq
1:,~57~ bei:t~ a parG of "t-be :1~21s240,~".~;W of bonU vote3 oca August 14, Vf`;4-
fs~ purpwo ~~.Vivv:Lng wia arrAna3.*.~ ~l-Ae City's Waterva~ka S~zten,,
vU,,.-h bouds wwo i~ all -wat«Gs ot: a parit;; uith ua:3d 3ex°~es 1~5;1 , art~::
MIMM",, b~ ordinance du7tdy paumd ou reibruar;~ 18, b„yt
cf.t;;; COuat:jj z&Id $1,ow,0W.00 Ser9Gsc, lf:-6r BowU wom rof ' b,~° ~iAe
I(W aihib`1.i ~~*ids a1''~.' io" t.^ p3.rl.tj" with V* «'erUw 1`)51
Bowie, above ` . ~Ux.-m::4 anc:
Ab ANVAh, AgIL
WI~EAS, at thls timE: it is considered praper to sell
on1y $9400aA4.00 of said authwized tond+~ for t~ ~ia-pose of inr;ruvin~
ext,cjtading the City's W'at,ervtoa'ks Sys#em, azd a11 UY aaid auttorized $6o,ooo.w
saf bonc3s #+ar lUae purpCrse of improvixg and exterding tkzca City'~ ~ever System,
rcspr+rfng the right to the City to se1l a21 esr eny paxt crf t~v remainir~
authcaacized $300,C'OO.00 of" bc+nds for 3.Woving ar,d ext~.~ru3ing the Waterworke
System, to be cansiderect when issued as a part af the saae series of indebted-
~~s inso#`ar as liers anci rights axe coasldered; artd
WMEA&„ It 1e ncrw neceessry and prc►per that the C1t'y
Cvuncil praceec~ with the Isaw3nce of suc2a revenue bonds;
M; VL ORMZ &D B3~ TM C:M Ct3U'~ ~ OF M C = OF PAFt M:
1. That tca prrovide> fwzclo fo3' the purpcwe of improvfrrg
and esctendin; the €;it,y's Waterrtooelcs and Sever System., pursuant to the .~".vn-
stittatlcra and Statutca of the btate Qf Tcxas, inc:luciing partic:ular3,y =";rt3.cles
1111 to lll8s botki inclusive, vf 1925 Revised Civi1 Statutes of T:.: xas, ~n
amended, ~~~tcr 163: Acts of i~~~ ~egular Seseion of the Farty :;econd
Leg3.s1.ature, as me-ndea$ ther~.~ shall be :Lssued "Cit,y e►S' Paris„ Waterwarlts
azad Sewex Toprovewnt Reve~nue Bonds, Series 1957-A,". numixdreci C►m, (1) t'a
Chw- "I1housana b^atb i-ncliasive, of the rleraom3saatio.n a~ ~e TY~iousand
($1.,000,00) Dc►llarts eacks, asgre~pting Qne, Mi11ian ($l,OW,000.00} Dollars.
2, Tliot eaid `tonds sha3.l be dated Augtzst Z, 1957r anr~
sha3,l bear intesest at the rate or Ftur (4%) Per cent per annm, IaYabL,,
Januar;y 1, 19580 and eemi-arinual3,y therea#`ter on Ju1y 3.st end Januory 1st
of eacti year; principal and interest of r~aid bands sha21 ke payabl.e ira l€aw-
ful mowgr c~~ the LFni.tee« :3~tatt s ~zpon present.ation and sur7°t=nder oi' 'iond or
prraper coupa~~ at the First Ii#stional Barik 3;n Da11as, Tk,ilas, Texas, without
exchan;e or callection cberges ta thts, cawiaer or ho3.der ~ereuf, ax~d they
atia3.l m^ture Lqs follows:
~ ~ ~ ~
AMOUM
1
tta
25,
both
inc]..,
J'a.IY
1,
1973x
$ 25,OOO•00
26
to
50,
"
Ju-Iy
l,
19"'t 4,
25, 000. (70
5
1
5
?
i
n
rt
a~'~'
~.91 5 0
2~3~.~0.~
~
7i7
tw
+
/
~
,~.sJ\Jy
tr
t
July
Jy.9.-
17 t6
1
'~5p~s tJV
~.0~.
~
,~f" y
J~/
~,i
r~
1.7!~ A
+
~
25!
~
~
15V'
4f
[k
i~
1.~
1973..
/
^ /~"505elV # 0r/
6+I
.A,5.L
t(~
175P
V
1979P
ta' 5; 0LJY! .iJ0
lT6
tt'r
205,
JuIY
1
s
1~,
► ~
~
W.dT
2"~
4R
fe
S/ a'~'y
"`~1"
p~
y
31J~ iJ"Vi.f .1.16,1
,~36
`~k~
»
2V%
tf
t~
JLLly
1'
1982i
30,000. 0Q
~
~3E'a
to
295.>
tt
ra
~ulY
1f
783J
1
30,~~J.'~
G~
P~6V
32~'
i/
ES
3{~
1.9641,
31JlVOVrV0
326
to
35%
JuV
i,
)
1T.."5,
301 000 -00
356
to
390,
x~
~R
.7"ul,y
l986s
35t 00+E}. t7p
;91
~
t~r
425,
il~'
~,s
I,',
,5~4~)<C0
9
~
'"3
j3(}~
'
ce
ao
Ja,,,4.~~.
„a,y~
~f i*
1~r
f
15.1,~jX LnJ~J.r~nJ
5
J~
'~i~?
~P
C34tt,
x
"s
tiiL;~'
't',~~'?r_"iA
~.~.0f SJV~/r~
'+~41
~
7
5
o
M~
6I
f1
J~
1'
115,W/~1~/i~/l~✓
756
tV
rF 1
V,
r9
a
jll."'Vy
i ,
d..~
=1,
120:000.01./
~76
{I~~7
1LFVi✓'
44
J'"°V
10
' .r~s
~5' ~Sd~W ! u✓
3. '1`qx~ Lity reserv~~ the c,ption of call:ing each such
bond fpr redemption privr to matur3ty os arW iat,erest paymeztt date on anci
afiter .Tul,y 1, 1960, at per and acexted interesst tc+ date sa f:Lxed fdr xc:demp-
tian. Thirty days' zuatice of such ca11 atiall be g1~en in sarit3.ag tca the
place of ps;yzv-nt and noticc wmll be pubAished i.n a financiai publ.icatiora
publishe~ the City of fiew York, New Yark. Spiri rtvti~~ shalI appeaar In
sold publicatitn :$n at 1~~~t one issue, trgt, date of seid i~suc being not
lo,~e then thirty days pricr ~ the.> datc.} sa f1..red for aredemption. If axty
such "hond is callcd for res3emption irc mnner and if fundis sufficient
to pay the redempti~~ ~ice ehall havc+ been du1y plucvd in the bans of
paymnt by the: date fi-ve+3 fcrr ree~empt.fora! 3.1~ shall not thex^eafter bear
inte:rest.
4. That each crf said 'Eonda an+d intereet cdtipvns sha11
be 4AV.ci110X:J Mly tLA4." Ild,ipr,3.E6t\.i4 11:i4s:wmile s1.6ma4L1re V3 4.W+R MayV1 aZid VklWntei-
signeld by thW. it~griT'.tE?d faGsiPG.ile 53ignf4tElT'€;: ttiS.' City ~"..i.k3rky a17d the
eorpcrate aeaI of the C'itj of :'t.ris, T~.$xas, €shall sp::. s.qsi-eas:,'d iA;pon each o~.'
sf9id bvxds. SFtG'h f:rC$smile 3:f.x.=tiuC°C3~'r S1'tal,1 il,.~v4_' whk sarv effeG'u `sl#S manul41l
sigAatLtre8 •
5. '.[`hat $a3.d bonds sba1l cvnstituie special oh1i.gat3.ons
of said City of Nris and esch of sa3d fiwt~s sha11 corauit the provision
that V;4, Yaolder h~•xeof shvll n.:-vF-r 1mve the right to demand paymnt of
i
said oblirsatior, out (f funds .rai~ed or to be ra2.eed by t.axat#.cxaz.
6. The fcarm of soid bortds shmll ke eubsta.ntially
follcrws;
NO.
UNI'iND 8TA'1 OF AMICA
STATF
, OF TSXAS
C4UWY (7F 1,AMM
+"M QF PAF+' IS
WATWIWAM PN3 lqw1i ;TWROS1K
MWEN10s Boti`I)
W4M 195 7-A
00E1. 00
'.t'he Gity of Pariti, ir~ the Couttty of Lswra State of
iexa.8, a utunticipal Cor'ppx'~tipr3 dezl,y' Intcc3rpoar'at,ed under the lews of thr~ Stntc
of Teacas, far voltze. xeceived, herelav ackriowledges itse1f inde'bted tc.> an,:j
prcmises tca pay tcr the :s~~rer hez'eof on 1»he let dey of Ju1y, 19 , t~~~
~lim. of
CtW, THOWAND D(?LI,ATciS
In lawfVl mone.y of the ifnited Statoe ok:' Amebrice, wlt~i intereat t1Nereon Prsam
dnte
kte2'eAf £3t tahf- Int(-
of Folv {h%}
1yeC` c:en'fi per ax3Yfumm pa3`'€1ble 4T,iwutry 1a
~~58g,
P41'd !9t''ni-lHg'#7Yi,t$9lly
the7'eF!fte1" On
JLd.ly lo'{'r tind JaI211a2"y lo'~'i of ekich yearl
unt:t.l the principa.~ sum ohpll be Daid, vl=.icki 9,nterest is payable i.A 1awf.tl
morc~Y Of t,bo t3n9.ted S#;nt~~ ~f Atwrica, upon =E."9t:yn~'..StlCfl'1 onc3 aiu^render of
pa~oprr coupone as th~~ sevex•all,~ twcz,w, due, both principal arud intercst
be:'~ ~ayable at tht- First Wataonal Bank in Dallesp Dallas,, Texas, withvut
exchange or call.ec~ion c1vr&-xv te ihc, Owner or 3;alder ).ererrf.
This bcam~ ~nv- of a sesies caf` bonds of like tenar
and effect, except ae to numbez~ and matl),rit,y, rr.zmbered Oxe (1) to onp
Thossaaa,d (1,► 000) , bo1Gh incl: u,s ivc of rthe denomiuat f on oil One Thoaasand
($1000. 0t3) Io11ers cach, ak;gmgetiag t3ne Mi3.].ion ($1,000,000, 00) Iksl7»ars,
(be:inz psrt of an aut~~ed nggregstint.; $2,~'E?C},k~IX3.t~) iss;t~
by tS2k' Ci4y~ ',~1 Pf:drisy T~.'"x+.~,sg .L or ti 1[;' p"^'r~st- Ql imprQ~lng
~ ~ ~
~ extenting the Ci.ty°s 'Waterwrrts ard ~~tem, 3n accordmt~e vit~
CotL~~it12u4o2 and la-w$ of 'Uhe Stat,0 of T@3[A~~ aud tt1o ~"+hai"'t!f!r of said Ciwyp
9~i?'~FM purN7wwt fw.o ai3 WfAV`inaiA4e PassVd WY ~-'he City4,'f'M CVuicilx duly iiFc"Ydrded i'w.' x..Yi+Yw:a
miaute~ of 9"d Cit;;J` t.C3`mcil.•
x:io date of tiAs b+and tn conf -ty with ti-te ordinance
above imatioxed to 144owt 1, 1957.
"i%Er CLvy i"e9i@rvoo 5:~e WAtvA of` L:alling this fi,oad ir
Lvdoaptiox prior u~ ~turity on any inter~t pa,y1, it date on aznd after Ju14 1,
1)63, e~t par ard acc.uxi Lntere~~ ~rovtd+ed *hix•t~ ~ ~
~ <,''sa~vtiee of ~satcli ~.-au in1
~
'r ~iwm in wri;~~,~ ~~o ~e.* p~ o~' ~~t at~ pra~ri~ sasi.d ~tice ~,s pubiLa~ ,
publica`L:4,~~ publ:igbad in -1-4 Ci~y ot New York,~ ~w York. .`:kdc~
rjot~►6,.`~$ J~~~.l a''?y ~.n $aii~ Y3'i~'1.~.4at"~C~3 I#, f~t
1064 i: ~ ".lFsi~: ~`a~' ~".O w7~a'
said ~egr4e be~~ ~~4, less ;han t'air~~ days prior to the date so fLxed far
r ti.s.a. Tf omh boW called fcar r . titn in said manner aud if .a;I.ds :
m.~fAci;eaat t+a ~ ~ iie redoWtion price shsL3.1 have bom dul~~ pla:ed in ~ beac
~f paymet~~ ~ the c~te f~xed for r ' ~.im, it e;ia11 not therealter ~.Lr
l~terest', ~
i`he aolder aball nevex kave tht zight ~:a damud
;
^ sst of thl.s obligaticmt out of funds rai~ ~r to be raised b;~ ta=tUxi,
~cossive holder of ttl,is twond aud owh suzceosive holder of owcx
~ ns hereto attaciuad,, is carc.lusiveJ.y prevzod t;o forego ans3 reumace Us
3.ties O~' ~stzb~~st t~sn~3~g br vz~ ~x~.tju~u~ I~t,3.cea at~ ~
?~~t tt~s z~tx~~. ~.c°:~ o~` •~tae e°~ra~~zs ~r~t~~er ~*'~rac:'saei, ~e;; b~t ~goz3.~a~I by
; daiv~ry by any pe~noti '{iavi:z~ posses~~~ ~~eof
, 1.` ve:° sucb. sessiou
may 13ave been acr~exirei, and dhe►t r~~~ lioLder who s€aal:l lave taYcezn tt~s boatl or
, mvj of t€~ ~ ~ i*rrm ciw.j pezsoe*i for va.'L~ wittaox. not3.ce, thereb;y° zine
i acquired absolute ti~;ia~ theretot t'r" frtm art;~ ~fenmm o: 2tmeable 9.a?u', auy`
~ p.:~~ ~older ~d f~ 1~rom equ3.tie~ and c~ ~~sh3.p c~~ sw:;~
~~~ar Inolder. ,u.~.be ta i'a.syd of .~~ts a~ LLe oi..k ic.~~~ and k.he _f yi*g a . , r.t:. iv'S~aeia+
~ ii4boaSX . s!:iall SFid4:' {eSixLf6Nted byi: a'Ty tfot.i4i7 *wo th'+ 4Y6tiPMitiry♦
n"iie s:it-.w- reserves tF~ rig':~t t-0 issue addi*~iona3 bands
! ~i a pari.ty wit~ tht~ ~ssue ~,Lp b"G, as~der the cmditloas st~~ the
I orciir.as~~~ pasood by Vie City Cmae:il ork t:,ko 1„~th dtay of December, I3o-'$I,,
auttioriz1,ng the fsvuux'e of $5:~0000.00 Ci`t:,Y W.: ;'uris,* i-vxas, VaterwoALS w,,4
;~eimr Improvement a~v3 Exteusio^i aiever~ Boa4a, 'Series 2~f:i2, dated J~ttuary ? s
~
Adikk ARk
1,.,.?52, sad Uouds '~lug payable from ti* saw sourc+~ " are tba Bouds tJf, this
issue aad ~ries 1)52 Boods aud lvlve Ser~es 1'~5'1 Aevenue Ret~Jag Bouds, '
;
aad secured by the mw revenues, at4 sbuill be oa a par3.ty wrt.th thi.s isaw
of boods, th[► Serfes 1)52 Bo-ods aud the Serl.e,a 1957 r~evenue Nefundiag boads «
aktie bt~ ~Lbe series of which it is a part,
~~r vi ~h Cl'Ity of ftris.. TOX"p waterworks and Sever Improv+e~at and
Rxtoaa,Lon Roveuw D€su4sp Set'i+es 1952,, dated 3aroAwl 3., 1~52, e.ni ~~~y o,~ ~arisr;
`V'~xas, Waterwarks arul :'oer Rovonue ;~eruadtug Bonds,, Seriea 2957 , dated
January 1,, 1957: cw~att:itut~ special abliotions of the City of ftr4a,
; ble both " to priac3;pa1 atxt Interest i"rm and swured by a ,t'irsi» 3.ieu
and pledge of not xvvonues " the c$. ty' s Weu~~s " Sever tem.
i
, AND V 13 HOM ~MM) AM fimmm t1at t►,*
'f issRLanc@.' of this ~c"'~:a and tbe series oi:' whIch i`i: ii3 a partp Is dul,,~ autU£'3r-ized
b;{ l3iJ wA by u majot`i'L';~ of t;he resident, quul'~ elector8 odriiug ~~xab,le
iI '~3~"~~"t~` ~.i'3~ ~d C~.t~f y ~ ~vMF t~~it~t ~t7~'~ tbIt
ame ~'~T' ~~4'~~.C~Ci1
vot1,ng at an ezect;ion tAel~ for that Varpose WttUu smtid. City~ ~~t all &Q'~:a,
c , tic~ ~ tU requ3.z~ed 4o exi~~ prec tt~ aud irr the iosuor~e af
:~~~~s borA to retWo~.~ t'~ same lawfal tuxd va114 hawe bean proprarriy dow, ka~~e
happea+ad ~ ~u performed in x°egu;i.ar and dxw UlUe, fbm aud mannor ae
require# b~ the Co~-%Al.ution and )Aars ~f t~ ~~ate of TexeA, ancl ~iie t~rdia"Wieer
'iere£nabova meuticr~uxl and w~t t€xis series of a^evenue boade doars aolt exc emd
any c*rss;,ituti.raua.t, ~tatutory or clarter ,limit:,~tipus, ~ that prc►vi.sion
aaa~ -a wWo a:or the
pa,,yment of
ttw pz°itcApal aud Infererst
of this bond at'zd
rt+`>* WiYr ies ML ~~ich. 6~
i4A a pai 4,r
Dy +4FMV'vWti+'rr1Vly p' . ng u'o
!bhe pa. . 1f' ,
Yt-A+KAA"f •iet A~venMFifs of kibMp War✓R~'ii4we+/rRw a4ii3 M: i~~stem of iFhe Ct3vy od. PlarLs♦ '
i.ll TX5T:Di~`J~ W; the City arG7ut3cil. of tdtd+B3 CY'Q,y of `
PariQ3p T+0'.?5as,, ' cause4 Lto mml of said City i.ty b$ Impi'~ssed here'7Ci ant.t
t41s b~ the aanexed L> " tC3 bQ axwut+bad by tbie facs33:milaa~ signature
o:C Ithe MAyor of said City aut~ uounte~signod, by the facelmile signatur~ of the
City C:1.erk.
C
~
~~~✓`J'Lr" .
~ - "v~~" '~i . ~~Mri ~ ~ • ~
I
0 .k.RJWMW •
Amok r
7. '.1w rorm of mtd coupQu sha1.3. be substpRt'st1allzr'
as fo1.lotsl
go.
OAi . l~ DAY OF
JULYf W.
4
Th* City of 'Pari~., Ttaaoue, cut of rlrkv~s ispWiftei i.n
,
My , mayor -
*{`:.,'~,s parmthetima expressiou shell be pri.utad cualy ir~ coup~ maturing
Jan. :1x 11)U* and Ou.b WO.
8» `s,'he f4arm of Comptro?letr'o cerLii`i.ca°Ge# wt.t,~~
aMU 13A pritlted oC3 ";bo $ack of $actZ bond sLall be su1J$taT2ti6Ll.Y.y as 1`CPUowso.
Orritil OF ``•OMPM3,.°A :
s~Tw'x OF Ta.t.As ~
I AMY 4.iYtT~M tR.aWav here I.s on i~ ~f recorYA
I1 1:n my QfficQ a r-*rt# Acat4* of talRG P~~~~y 040cral of ttm i3tate of £.Oeme 40
i! ttw eftecti that tihis B0nd has boeln e',Amm3.ned b;~ iiim as raaquiz`sd by 3sw$ =4 that
`l :'e f3.nt~ that it has `omn issuad in cmfomity witU ther Gmatitutiou a~ Iaug
;
~ i oi' tho ftuto of ::9+r~ ~ and the i harter caRf aid City;, and tI^at 1t 18 a val4,d '
~f
~
and bindin,g ~pecial obligation of tim City of k'arts, 'Iiemx, payble from t:be ;
~.~eovenues o1edged to i.ts :aa, t tr1~ anci iaa tYe ordinanco aa~thorizitig ame,
!l€aid bond we tble 4a;;3 bw regi~tet°ed by us.
, wjy " ~nd oeal of office a`G Austin, '~.`~xea*
I~ r caf Z Acctwts of t ;
lj (URAL) sta~ ~f Texas. ;
i;
;
- ~
. _
~:e. ~ BoWo ~~~r we A&Iti
me deftrod ar~ ~t1wr:°ized by the ordS e of . w 1;30 t)51,~ aWthorts~~~
1,be issustwe of Cit-i of Pari.sy T+exas, Waterrworks and k r IWrovemmt v.~All
siort ?wvenue Bo'4o, Series 1;152. ~,11 of ti~ eo~ te, pravisiotwm
~~~s and cooditions ccntaine3 Lu said orc7.:1.nance dataa Iecouler
sWIl wure thi.s towAo of Serie~ 1~57-A BoQdsp and epply to ar~ ~~rt, 44~
riehts of thwt holderc t' f~ w fun-I and ef tualI.y an+3 to the some
. ~ au4 in the awe mmnar aa ir al1 of said ooerenaa'ts, prorrls , povea:~
and ao*diti~~z had " *r+e fUl;Ly act fo'rtha e=ept es hareinas~ ~~rovidw~..
Ts+er .9ories 19>2 Sonds, the `'~riee 1)57
*A ing Bonds au~ tL* Series 1M~ bm" ~tall ~ ~ a parity in all
,i A
resp g~s so t1agtt no toond of eithm° ser~~~ sha1l be ent1t,1~ to any prefem3we
P
-.'L8: priLdiity !/v+9Pr IG?M.4y bond V',d.x 4fliiW oiF#io# Noii'i5za
10. lu adUtion to '~"she amomt ~~ired b;j u€-*
oixUuaaC't! #f Dec ' r 13s L61} ai2thari95Ue tbe ~ies l)52 Bco", an(i "'10
or.e TYCe of Febmw7 18f autba."ising '~'ihe iWUm 19~"i'~ Rd .<'&:D.wta.'3.i#g 'f
' to bo ited IL"lt+t3 the late2"etit and KKe tiCM41 FWid created by said
December 13.# I.::t;il ordiwnc8x ~liu" s4a11 3e dejx*ited ~ the ]fth daj ol°
~ "r, 1)5q, and ou the io'Lt, ~ ~f swi3 montu thgreai-tox thrt9tAlr~ June 10, ;
~
1:i58s aa3 mwwt of ut~t leo~ thaa ous-teut:tx oV ths in'tecelst :"auing doe,
C~~ this Is8ue 4)a ~uds ok July .Lg and txi Vie ,10th day Cii J3AlaYt I•~,1.~+y
aivi ~ ttm 10th da~i' o: weh ~th ~~rea~."ter there skall b$ "positad ii~ ~~(i
j~md, an asmat aot lwe tlan ow-twel~.'"~h of ~~o next =turiug i.nterezt ou
t3iC.s iss" of bouds; and on thEt IOU-, da'y ot:" Ju3,y,, 1-')T2 and ot ttme Lot'i'l da~; O~~.
ewh mouCh tb tw, thero shall ~ ta ~~d Fund au a%wat w. loss ~
t"e-ea c~twolM o;~ nvct maturf.nG interest ou anri prircipal o~.~ Lr~ ~eac '
o:c Bonds.
11; T~ additUm ~ ~ s=wt ~quir~ ~y mi€~
ordInwee of Docem"ber 13, 1951 aW said ordi of Feb'r~ 1°:15-73, ~V*o '°*e
det-josited in the s•~ ~~~e AwA created by ordinance, shop-11 ~
deposited ~ ~~i day of R~~r,, 1957~ ~ ~ ~ day WC ew.m
~~~h thereafter aA:: a%nnt of aoney ~ 2% of the additiocal amount,
requ3red by ~his ordLw=v ~o be ' ited tuto the Interes~ and e:sdemtiou
Fund, uatil said ::emrve aht-,1;. conta~~ the total aggregate ammuit of
U35l00r00.
~ Ah
12. 3`bat ti'e 4AAY3-- Of S&Ld uUY GhO,U be (a~tnkXV -q1
t*ke arr~ liave c€u*i~.;,~ of all uecessary rw~or4rj ~ ug iuvesti~~ticn. ir,,
tR:'1e Atwrney . . rmlv shaU ~ ~ ~ aud lu°$x~ 'a.t~~jp wv4. `wkon}'irol o.7.. :«40 Wauls~
ne3ie,i#JC oLuithVi ized ~ :ing k+s.w+kr '~Wr'Wv" by Lw~ ~"v.Mit?W~M5~yx1A k.k4.A~ia . ::lY'iY- ~
~
{
~.~mti~ the C ` tr~~"d.ler of 'Pablic.: iwcouat;u. r*Ci~trstloa or c,~w;~. ~
i
lbouds, Comptro#-lor of °'ublic Afxom`~s (ox a depLtty de!&igua'~ in wrl7.::$.ag ;
act for the C : tro:l.l..er) ~ball - mal2~ alga '".le %"f: tro12er'~ ~~~~itLm~.e
~
oi' registratioa prowribed ?cereirk W ke pr~med coa the► baek ot' bomid, uad P
sem:l of sa3~~ ~omp%roller e:~.l 7e ~ff~~~ ~ each of maid B .
i
1~,. #`~ter tte Borgit aere1n authorized atvi1l tave tmm
~ iG . , nxtitm +~r st::~ Lbereof sha~ be gi~~ ~ ~~ov-3:dad in t1Ae C#.~y Char-"Arr,
IE
i r'+ubyMicatiou o.i* awl~s ti'otd1ae ~hall be ..{.a isX.ie .,11w 7inirbs 3eve ' a aews-,*,-*r
-uliliabed ~.~n4 s~~ ~~t*ra~. c:~rcuL~•~;~wa ~:~:t ~u~ J~it;~ ~^iao
.
; orditmucep wui resolutime, wid partai 41~~wvof
m3y ~ a~..
~g~4 ~~:i 1~ ~ ~
C.
46 : ~ ;d, i~.~y"~ s f e~or