Res 1988-107 - Laserfiche WebLink

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CERTIFICATE OF UNDERWRITER The undersigned hereby certifies as foJ/ows with respect to the sale of $2,660,000 CITY OF SAN \\ARCOS, TEXAS WA TER WORKS AND SE\\'ER SYSTE\\ REVENUE BONDS, SERIES 1988A (the "Bonds"). 1. The undersigned is the underwriter or the manager of the syndicate of underwriters which has purchased the Bonds from the City of San Marcos, Texas (the "City") at competitive sale. 2. The undersigned and/or one or more other members of the underwriting syndicate, if any, have made a bona fide offering of the Bonds of each maturity to the public. 3. The initial offering price (expressed as a yield) for the Bonds of each maturity at which a substantial amount of the Bonds of such maturity was sold to the public is as set forth below: Principal Principal Amount Year of Amount Year of Maturing Maturi ty Yield Maturing, Maturity Yield $ 10,COO 1990 $120,000 1998 45,000 1991 130,000 1999 65,000 1992 145,000 2000 70,000 1993 165,000 2001 95,000 1994 195,000 2002 100,000 1995 200,000 2003 100,000 1996 350,000 2004 120,000 1997 750,000 2005 4. The term "public", as used herein, means persons other than bondhouses. brokers, dealers, and similar persons or organizations acting in the capacity of underwriters or wholesalers. 5. The offering prices (yields) described above reflect current market prices at the time of such sales. 6. The undersigned understands that the statements made herein will be relied upon by the City in its effort to comply with the conditions imposed by the Internal Revenue Code of 1986 on the exclusion of interest on the Bonds from the gross income of their owners. EXECUTED and DELIVERED this - day of ,19_. (Name of Underwriter or Manager) By (Title)