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Ord 2005-061- Bond Election
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Ord 2005-061- Bond Election
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3/29/2006 8:56:52 AM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
City Election
Number
2005-61
Date
8/16/2005
Volume Book
162
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<br />city in an amount sufficient to pay the annual interest on said bonds and provide a sinking <br />fund to pay said bonds at maturity? <br /> <br />City of San Marcos <br />Bond Proposition NO.3 <br /> <br />Shall the City Council of the City of San Marcos, Texas, be authorized to issue and sell the <br />bonds of said City in the aggregate principal amount of $2,965,000, for the purpose of <br />constructing and equipping a new Central Fire Station, including acquisition ofland; with <br />said bonds to be issued in one or more series or issues, to mature serially or otherwise and <br />bear interest at such rate or rates, not to exceed the respective limits prescribed by law at the <br />time of issuance, and to be sold at such price or prices, as the City Council in its discretion <br />shall determine; and shall there be levied and pledged, assessed and collected annually ad <br />valorem taxes on all taxable property in said city in an amount sufficient to pay the annual <br />interest on said bonds and provide a sinking fund to pay said bonds at maturity? <br /> <br />City of San Marcos <br />Bond Proposition No.4 <br /> <br />Shall the City Council of the City of San Marcos, Texas, be authorized to issue and sell the <br />bonds of said City in the aggregate principal amount of $2,450,000, for the purpose of <br />constructing and improving streets and related pedestrian facilities in said City, as follows: <br />Donaldson Street construction to improve access to the San Marcos Transit Center, Sessom <br />Drive reconstruction, Thorpe & Hopkins street improvements, and various intersection <br />improvements, providing drainage facilities in connection therewith, and purchasing land <br />and interests in land and properties necessary therefor; and for other street projects to the <br />extent that the proceeds of such bonds are not needed for the foregoing projects; with said <br />bonds to be issued in one or more series or issues, to mature serially or otherwise and bear <br />interest at such rate or rates, not to exceed the respective limits prescribed by law at the time <br />of issuance, and to be sold at such price or prices, as the City Council in its discretion shall <br />determine; and shall there be levied and pledged, assessed and collected annually ad <br />valorem taxes on all taxable property in said city in an amount sufficient to pay the annual <br />interest on said bonds and provide a sinking fund to pay said bonds at maturity? <br /> <br />City of San Marcos <br />Bond Proposition No.5 <br /> <br />Shall the City Council of the City of San Marcos, Texas, be authorized to issue and sell the <br />bonds of said City in the aggregate principal amount of $2,580,000, for the purpose of <br />constructing and improving streets and related pedestrian facilities in said City, as follows: <br />Victory Gardens street reconstruction, Loop 82 railroad overpass and Post Road alignment, <br />LBJ sidewalk and Hutchison Street reconstruction, providing drainage facilities in <br />connection therewith, and purchasing land and interests in land and properties necessary <br />therefor; and for other street projects to the extent that the proceeds of such bonds are not <br />needed for the foregoing projects; with said bonds to be issued in one or more series or <br />issues, to mature serially or otherwise and bear interest at such rate or rates, not to exceed <br />the respective limits prescribed by law at the time of issuance, and to be sold at such price <br />or prices, as the City Council in its discretion shall determine; and shall there be levied and <br /> <br />2 <br />
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