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ORDINAPdCE iN0. 1417 ~
<br />AN OHDINAIICE iiECX)GNIZIIVG cOiVT!;;=1CT BY itND BET'WEEN CIVIL hERUNAUTIGS
<br />r;DPJ!INISTHATI-OI~ Or THE CO'dEkNivIENT OF THL UNITED STATES FO~: THE PtiRTICIPATIOn?
<br />OF CE;3TAIN PGRTIONS UF THE EXPENSE :;F TI-iL ERECTIOI~? OF AN AIR TcR14IIJt1L BliILD-
<br />Ii~G r'0_i THE ,,]:T~! 0~F PtiRIS OiV GLX '=iELD, AI`TD rURTHEP. 'i{ECOGNIZING THE CONTRACT
<br />BET"rEEN THE GTVTL AERONAUTILS rADYdNISTRATI0N OF THE UNITED STATES Gr AMER1CA
<br />AND THE CITY Of= PAi~1S t JUINT+ Y, 'WtTH I~,i, D. tt,ISSO,'-L-uR THE CONSTGUCTIOPd O'r'
<br />SAID rtIR TEi:IJiINAL rACILITIES, AND PROV1DIiVG F0R THE ISSUAPJi,,E C;F TTIv1E WARRANTS
<br />FOR tHE P/reYR4ENT O~` THF FO°TION OF THE :CivT.°,AC.'T Pt?ICE TO BE COnT_'IBUTED BY THE
<br />C;IlY 0,: PARIS, ~4'I';H PORTION OF Tl±E COSTS TO BE PAIJ BY THL CITY 0F PARIS IS
<br />$409000.00~ AND PRaVIDIrdG IFO:~ THE LE'JYIIVG aND COLLECTION OF AD VAUJRElvi TAY
<br />AIV'i LRE.yTI0N' 0~' A SINKING 'rUAD r0<< THE Pf;YMENT Or• SUCH TIlM,E ANU THE
<br />PAYi'fiE1vT C?:- ,°;CC:riLiED INTEFiLST Ti:E':iE;1Div.
<br />~VHERL,yS, the C,'ity Council of the City o; Paris has heretofore entered
<br />4
<br />~nta a contract with the C'iv; 1 r,eronauzics Ad:ninistration, whe.reby the City
<br />of Paris and the (;ivil Aeronautics kdr.iinistration ayrce to crect at Cox rield
<br />a Te-rminal Building ana ce.r'Lain entrance roads, water, S°WE-, auto parking,
<br />apron lijhtin;;, curfing, and fenci.ng, zll lcnown as Project No. 9-41-149-t301;
<br />ana,
<br />WHLREr,S, the r-'ity of Paris and t,,e Civil Aeronautics 4dministration
<br />of ti.e L'nited States of k,Terica have neretofore entered into a contract with
<br />M. D. Misso for the cons-truction of Gn air ter;ninal building and the entrance
<br />r.oad and otper teri;;inal Tacilities; and,
<br />'u'~HEHE;1S9 the construction o_ sa::;e is necessary for the best interests
<br />of the City of Faris; and,
<br />i".HER~1 S, it is necessary that time warrants be issued by said City
<br />of Paris, in the a;:ount of $40,000.00, in payment of and for a portior. of its
<br />proportionate part of the contract price for the constructlion of said air
<br />te_r;;rinal building and facilities inc,ident theretoa THEF,EFORL,
<br />BEE IT ORDr1INED BY THE CITY :X'1UNCTL OF T:iE CITY Oi' PARIS:
<br />1. That tirne warrants of the City of Paris, Texas, payable to bearer,
<br />be issued in the agg.regate a-nount of $40,000.00, providing ;unds for the
<br />afcresaid obli,ati-on, as folloNas:
<br />Noa une, fo?° tize surn of 1 ' =our Thc-.sand and No`100 Jollars
<br />($41000o00), dated September 3,,A.D„ 1957, payable to bearer,
<br />due on or before September 3, A. Do, 19~8~ and bearing interest
<br />rro:;i date until paid, at t;ie rate of four per cent (4;>"') per
<br />annu;ii, inte-r-est payable anEZUall, as it accrueso
<br />No. Two, for tite su;n of Four Ti-iousand and ivo/100 Joliars
<br />($4,OOO.OO) , dated Sentemk~er 3, D. , l~; ~7, pa; aY)le to
<br />beu_~e~,, due on or rae`rore ~~~~ptei:iber 3, L'e, and
<br />11 , ritFi'eSt frO;r aate taniil paid, at t[:e r2_`e Of T-ouT
<br />;%eI" CeI7L ',a-:;,j ,:;E~':i' aI'ii-lla':l" i,:ueIE'Su pdy'd'fJl2 c;C1C1Uallf; dS 1..,
<br />accrues.
<br />T'i_ree, io-r the su,:, o; ;~our Tnousand and iVO/100 Dollars
<br />($41000.00)" Gated :.epu`er,ir~-er 3, A. D., payable to
<br />beu:.rc'r, CiUC' OYi 0= iJBi0r2 jc'.ptF';:ibP,L' v, A. D., 1960~ di1C1
<br />,Dearing intcrest f-ro~n date until paid, at i.rie =ate of i"our
<br />per cent (4;:,)' p2r a-inu,n, interest paya;vle annuully as it
<br />accrues.
<br />Fo. rou~:, fo:c the suiu oi iour Ti-iousand and Ivoji00 Jollars
<br />($4,000.00), da'_;:c Septernber 3, L'., 19:>6 payable to
<br />oearer, due on or before Septe.mber 3, I,Q D., 1961, and
<br />beariny :interest frorra date unt*1 paiu, a:: the -rate or four
<br />per cent- (4;:j per apnUr:?, inI.eresz aayable annually Gs it
<br />accrues.
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