I'm sure there are umteen different ways to do this, but this is how I do it:
Go to your type layer
Click path tab (on layers palette)>
Load path as selection (3rd icon to the left of trash can on the bottom of the path palette)
Create new layer above your paper layer
Click path tab>
Make work path from selection (2nd icon to the left of trash can on the bottom of the path palette)>
Stroke path with brush (2 more icons to the left)
If you want a solid stroke- you'll probably want to use a round brush and set the spacing to 1%
HTH
