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<br />Annex A <br /> <br />September 26, 1986 <br /> <br />Ms. Sherry Mead <br />First Southwest Company <br />707 Southwest Tower <br />Austin, TX 78701 <br /> <br />Dear Sherry: <br /> <br />Our fee proposal for the $16,250,000 City of San Marcos Bond Issue <br />is $700 per year. <br /> <br />We certainly appreciate this opportunity to bid. <br />questions, please call. <br /> <br />If you have any <br /> <br />Sincerely yours, <br /> <br />Einer C. Juul <br /> <br />012054D/OOOl.0.0 <br />