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<br />NEW ISSUE
<br />
<br />OFFICIAL STATEMENT
<br />
<br />Dated October 10, 1983
<br />
<br />In the opinion of Bond Counsel, the interest on the Bonds wiJl be excludable from gross income for
<br />purposes of federal income taxation under existing law. See "Tax Exerr.ption" herein for a dJscussion of
<br />Bond Counsel's opinion, including a description of the alternative minimum tax.
<br />
<br />THE CITY WILL DESIGNA IE THE BO:-';DS AS
<br />"CUALIFIED T AX-EXB\PT OBLIGATIONS"
<br />FOR 'FINANCIAL INSTITUTIONS
<br />
<br />$2,660,000
<br />CITY OF SAN MARCOS, TEXAS
<br />(Hays County)
<br />
<br />WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 1981A
<br />
<br />Dated: November I, 1988
<br />
<br />Due: January 1, as shown below
<br />
<br />Interest on the $2,660,000 City of San Marcos, Texas (the "City") Waterworks and Sewer System Revenue
<br />Bonds, Series 1988A (the "Bonds") will accrue from the dated date as shown above and will be payable
<br />July I and January I of each year, commencing July 1, 1989, and wiH be calculated on the basis of a 360-
<br />day year of twelve 30-day months. The definitive Bonds will be issued only as fully registered bonds in the
<br />denomination of $5,000 or any integral multiple thereof.
<br />
<br />These Bonds are the third installment of $6,220,00 bonds authorized at an election held April 7, 1984, and
<br />wiJJ constitute special obligations of the City, as provided in the ordjnance authorizing the Bonds (the
<br />"Ordinance") (see "Authority for Issuance").
<br />
<br />The Bonds are issued pursuant to the general laws of the State of Texas, particularly Articles 1111, et
<br />seq., V.A.T.C.S., and an ordinance (the "Ordjnance") passed by the City Council, and are special
<br />obligations of the City payable, both as to principal and interest, solely from and secured by a first lien on
<br />and pledge of the Net Revenues of the City's Waterworks and Sewer System. The City has not covenanted
<br />nor obligated itself to pay the Bonds from monies raised or to be raised from taxation (see "Authocity for
<br />Issuance").
<br />
<br />The initial Paying Agent/Registrar shall be the First City National Bank of Austin, Austin, Texas (see
<br />"Paying Agent/Registrar"),
<br />
<br />Proceeds from the sale of the Bonds will be used for waterworks improvements.
<br />
<br />MA TURITY SCHEDULE
<br />
<br />Amount Maturity Rate Yield Amount Maturity Rate Yield.
<br />$ 10,000 1-1-1990 $120,000 1-1-1998
<br />45,000 1-1-1991 130,000 1-1-1999
<br />65,000 1-1-1992 145,000 1-1-2000
<br />70,000 1-1-1993 165,000 1-1-2001
<br />95,000 1-1-1994 195,000 1-1-2002
<br />100,000 1-1-1995 200,000 1-1-2003
<br />100,000 1-1-1996 350,000 1-1-2004
<br />120,000 1-1-1997 750,000 1-1-2005
<br />
<br />The City reserves the right, at its option, to redeem Bonds having stated maturities on and after
<br />January 1, 1999, in whole or in part, on January 1, 1998, or any date thereafter, at the par value
<br />thereof plus accrued interest to the date fixed for redemption (see "Redemption of Bonds").
<br />
<br />The presently outstanding Waterworks and Sewer System Revenue debt of the City is rated "A" by \loody's
<br />Investors Service, Inc. and "A-" by Standard & Poor's Corporation. Requests for ratings for the Bonds
<br />have been made to both rating services (see "Ratings"),
<br />
<br />The Bonds are offered for delivery when, as and if issued and received by the purchaser(s) and subject to
<br />the approving opinion of the Attorney General of the State of Texas and of Hutchison Boyle Brooks &
<br />Dransfield, a Professional Corporation, Bond Counsel, Austin, Texas. The legal opinion will be printed on
<br />the Bonds (see Appendix C, "Form of Bond Counsel's Opinion").
<br />
<br />It is expected that the Bonds will be eligible for delivery through the Depository Trust Company ("DTC").
<br />It will be the obligation of the purchaser of the Bonds to complete and file the DTC Eligibility
<br />Questionnaire.
<br />
<br />Delivery: Anticipated on or about January 5, 1989
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