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<br />NOTICE OF SALE
<br />AND
<br />BIDDING INSTRUCTIONS
<br />
<br />PRELIMINARY DRAli'!,
<br />DATE: 10- ~ ~gs..~ ...-
<br />
<br />On
<br />
<br />$2,660,000
<br />CITY OF SAN MARCOS, TEXAS
<br />{Hays County}
<br />WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 1988A
<br />
<br />SeJling Monday, November I_, 1988, at 7:30 PM, CST
<br />
<br />THE CITY WILL DESIG~ATE THE BONDS AS
<br />"QUALIFIED TAX-EXEMPT OBLIGA nONS"
<br />FOR FINANCIAL INSTITUTIONS.
<br />
<br />THE SAlE
<br />
<br />Bonds Offered for Sale at Competitive Bidding
<br />
<br />The City of San "'iarcos, Texas (the "City") is. offering Jor sale its $2,660,000 Waterworks and Sewer
<br />System Revenue Bonds, Series 1988A (the "Bonds").
<br />
<br />Address of Bids
<br />
<br />Sealed bids, plainly marked "Bid for Bonds", should be addressed and delivered to "Mayor and City Council,
<br />City of San Marcos, Texas", and delivered to the City Manager, Larry Gilley, at City HaJJ, 630 East
<br />Hopkins, San Marcos, Texas, prior to 7:30 PM, CST, on the date of the bid opening. All bids must be
<br />submitted on the Official Bid Form, without alteration or interlineation.
<br />
<br />Place and Time of Bid Opening
<br />
<br />The bids for the Bonds will be publicly opened and read in the Chambers of the City Hall at 7:30 PM, CST,
<br />Monday, November 14, 1988.
<br />
<br />A wacd of the Bonds
<br />
<br />The City Council will take action to award the Bonds {or reject all bids} at a meeting scheduled to
<br />convene at 7:30 PM, CST, on the date of the bid opening, and adopt an ordinance authorizing the Bonds
<br />and approving the Official Statement (the "Ordinance").
<br />
<br />THE BONDS
<br />
<br />Description
<br />
<br />The Bonds will be dated ~ovember 1, 1988 (the "Bond Date"), and interest will be due on July I, 1989, and
<br />each January 1 and July 1 thereafter until the earlier of maturity or prior redemption. The Boods will be
<br />issued only in fully registered form in any integral multiple of $5,000 Jor anyone maturity. The Bonds
<br />wiJl mature on January 1 in each year as folJows:
<br />
<br /> Principal Principal Principal
<br />Year Amount Year Amount ~ Amount
<br />1990 $10,000 1995 $100,000 2001 $165,000
<br />1991 45,000 1996 100,000 2002 195,000
<br />1992 65,000 1997 120,000 2003 200,000
<br />1993 70,000 1998 120,000 2004 350,000
<br />1994 95,000 1999 DO ,000 2005 75C,000
<br /> 2000 145,000
<br />Redemption
<br />
<br />The City reserves the right, at its option, to redeem Bonds having stated maturities on and after
<br />January I, 1999, in whole or in part thereof, on January I, 1998, or any date thereafter, at the par value
<br />thereof plus accrued interest to the date fixed for redemption.
<br />
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