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122 Regular Meeting March 26, 1984 Page 6 Mr. Brown introduced for consideration adoption of an Ordinance on emergency, the caption which was read as follows: ORDINANCE AUTHORIZING THE ISSUANCE. OF $5,800,000 CITY OF SAN MARCOS, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 1984-A. These Certificates of Obligation are for the purpose of paying contractual obligations to be incurred for the acquisition, construction and installa- tion of additions, improvements and extensions to, and equipment for, the City's sewer system. Mr. Guerra moved for adoption of the Ordinance on emergency and Ms. Kissler seconded the motion. Ms. Kissler then moved to amend Sections 3 and 22 to add the following language: Sec. 3. ". . . at the following rates per~annum: "Certificates maturing 1986 through 1993, 11.75%; Certificates maturing 1994 through - , 9.00%; Certificates maturing 1995 through - , 9.20%; Certificates maturing 1996 through - , 9.40%; Certificates maturing 1997 through - , 9.50%; Certificates maturing 1998 through - , 9.70%; Certificates maturing 1999 through - , 9.80%; Certificates maturing 2000 through - , 9.80%; Certificates maturing 2001 through - , 9.90%; Certificates maturing 2002 through - , 9.90%; Certificates maturing 2003 through - ,10.00%; Certificates maturing 2004 through - ,10.00%. . ." and Sec. 22. " . . . The sale of the Certificates to Underwood Neuhaus & Co., Inc. and Associates (herein referred to as the 'Purchasers') at the price of the par value thereof and accrued interest to the date of delivery plus a premium of $-0- is hereby approved and confirmed." Mr. Brown seconded Ms. Kissler's motion for amendments, which passed unanimously. On roll call for the adoption of the Ordinance as amended, the following vote was recorded: AYE: Brown, Farr, Guerra, Kissler, Moore. NAY: Kreczmer. ABSTAIN: None. Mr. Brown introduced for consideration approval of form and content of the Paying Agent/Registrar Agreement with American National Bank, Austin, Texas, for the above Certificates of Obligation and authoriza- tion of execution of same on behalf of the City. Mr. Brown moved for approval and Mr. Guerra seconded the motion. On roll call, the follow- ing vote was recorded: AYE: Brown, Farr, Guerra, Kissler, Moore. NAY: Kreczmer. ABSTAIN: None. The Council's next item of business was Item 12C. Mr. Brown introduced for consideration the adoption of an Ordinance on third and final reading, the caption which was read as follows: