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<br />NO'l1CE OF SALE
<br />AND
<br />BIDDING INSTRUCTIONS
<br />
<br />ON
<br />
<br />$1,340,000
<br />CITY OF SAN MARCOS,TEXAS
<br />(Hays County)
<br />COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 1988
<br />
<br />Selling Wednesday, February 17, 1988, at 7:30 PM, CST
<br />
<br />THE CITY WILL DESIGNATE THE CERTIFICATES AS
<br />"QUALIFIED TAX-EXEMPT OBLIGATIONS"
<br />FOR FINANCIAL INSTITUTIONS.
<br />
<br />THE SALE
<br />
<br />Certificates Offered for Sale at Competitive Biddin~ . . . The City of San Marcos, Texas (the "City"), is
<br />offering for sale its $1,31+0,000 Combination Tax and Revenue Certificates of Obligation, Series 1988 (the
<br />"Certificates" or "Certificate", which shall include, for purposes of definition, the Initial Certificate).
<br />
<br />Address of Bids. . . Sealed bids, plainly marked "Bid for Certificates", should be addressed and delivered
<br />to "Mayor and City Council, City of San Marcos, Texas", prior to 7:30 PM, CST, on the date of the bid
<br />opening. All bids must be submitted on the Official Bid Form, without alteration or interlineation.
<br />
<br />Place and Time of Bid Openin!t . . . The City Council will open and publicly read the bids for the purchase
<br />of the Certificates at the City Hall Chambers, 630 East Hopkins, San Marcos, Texas, at 7:30 PM, CST,
<br />Wednesday, February 17, 1988.
<br />
<br />A ward of the Certificates. . . The City Council wiU take action to award the Certificates (or reject all
<br />bids) promptly after the opening of bids, and adopt an ordinance authorizing the Certificates and
<br />approving the Official Statement (the "Ordinance").
<br />
<br />THE CERTIFICATES
<br />
<br />Description. . . The Certificates will be dated February 1, 19&8 (the "Certificate Date"), and interest wiH
<br />be due on February 1, 1989, and each August 1 and February 1 thereafter until the earlier of maturity or
<br />prior redemption. The Certificates wHJ be issued only in fully registered form in any integral multiple of
<br />$5,000 for anyone maturity, and principal and semi-annual interest wiH be paid by the paying
<br />agent/registrar (the "Paying Agent/Registrar") which initially is MTrust Corp, N. A., Austin, Texas.
<br />Principal of the Certificates will be payable to the registered holder or owner (the "Holder" or "Owner")
<br />at maturity or redemption upon presentation at the principal corporate office of the Paying
<br />Agent/Registrar. Interest on the Certificates wiH be payable by check. dated as of the interest payment
<br />date, and mailed by the Paying Agent/Registrar to registered Holders as shown on the records of the
<br />Paying Agent/Registrar on the Record Date (see "Record Date for Interest Payment" in 'the Official
<br />Statement), or by such other method, acceptable to the Paying Agent/Registrar, requested by, and at the
<br />risk and expense of, the Holder. If the date for the payment of the principal of or interest on this
<br />Certificate shall be a Saturday, Sunday, a legal holiday, or a day on which banking institutions in the city
<br />where the Paying Agent/Registrar is located are authorized by law or executive order to close, then the
<br />date for such payment shall be 'the next succeeding day which is not such a Saturday, Sunday, legal
<br />holiday, or day on which banking institutions are authorized to close; and payment on such date shall have
<br />the same force and eUect as if made on the original date payment was due. The Certificates will mature
<br />on August 1 in each year as follows:
<br />
<br /> Principal Principal Principal
<br />~ Amount Year Amount ~ A mount
<br />1990 $40,000 1995 $ 75,000 1999 $100,000
<br />1991 50,000 1996 100,000 2000 125,000
<br />1992 75,000 1997 100,000 2001 125,000
<br />1993 75,000 1998 100,000 2002 150,000
<br />1994 75,000 2003 150,000
<br />
<br />The City reserves the right, at its option, to redeem Bonds having stated maturities on and after
<br />August 1, 1999, in whole or in part in principal amounts of $5,000 or any integral multiple thereof, on
<br />
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