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<br />NOTICE OF SALE
<br />
<br />AND
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<br />BIDDING INSTRUCTIONS
<br />
<br />ON
<br />
<br />$3,020,000
<br />CITY OF SAN MARCOS, TEXAS
<br />(Hays County)
<br />GENERAL OBLIGATION TAX BONOS. SERIES 1985
<br />
<br />Selling Monday, May 13,1985, at 7:30 PM, CDT
<br />
<br />
<br />T1iE SALE
<br />
<br />Bonds Offered for Sale at Competitive Bidding ... The City of San Marcos, Texas (the
<br />"City"), ìs offering for sale its $3,02D,OOO General Ob1igation Tax Bonds, Series 1985
<br />(the "Bonds" or "Bond", which shall include. for purposes of definition. the Initial
<br />Bonds).
<br />
<br />Address of Bids ... Sealed bids. plainly marked "Bid for Bonds", should be addressed and
<br />delivered to "Mayor and City Council, City of San Marcos. Texas", prior to 7:30 PM, COT,
<br />on the date of the bid opening. All bids must be submitted on the Official Bid Form,
<br />without alteration or interlineation.
<br />
<br />Place and Time of Bid Opening .,. The City Council will open and publicly read the bids
<br />~the purchase of the Bonds at the City Hall Chambers, 603 E. Hopkins. San Marcos. Texas.
<br />at 7:30 PM, COT, May 13, 1985.
<br />
<br />Award of the Bonds '" The City Council will take action to award the Bonds (or reject all
<br />bids) promptly after the opening of bids, and adopt an ordinance authorizing the Bonds and
<br />approving the Official Statement (the "Ordinance").
<br />
<br />THE BONDS
<br />
<br />Description... The Bonds win be dated June 1, 1985 (the "Bond Date"). and interest will be
<br />due on February 1,1986, and each August 1 and February 1 thereafte~ until the earlier of
<br />maturity or prior redemption. The Bonds will be issued only in fully registered form in
<br />any integral multiple of $5,000 for anyone maturity, and principal and semi-annual interest
<br />will be paid by MBank, Austin, Texas, the paying agent/registrar (the "Paying Agent/
<br />~egistrar"). Principal of the Bonds will be payable to the registered holder or owner
<br />(the "Holder" or "Owner") at maturity or redemption upon presentation at the principal
<br />corporate office of the Paying Agent/Registrar. Interest on the Bonds will be payable by
<br />check, dated as of the interest payment date, and mailed by the Paying Agent/Registrar to
<br />registered Holders as shown on the records of the Paying Agent/Registrar on the Kecord Date
<br />(see "Record Date for Interest Payment" herein). The Bonds win mature on August 1 in each
<br />year as follows:
<br />
<br />Principal Principal Principal
<br />Year Amount Year Amount Year Amount
<br />ï9ã6 $ 70,000 1992 $120,000 1998 $205,000
<br />1987 75,000 1993 130,000 1999 230,000
<br />1988 80,000 1994 145,000 2000 250,000
<br />1989 90,000 1995 155,000 2001 275,000
<br />1990 100,000 1996 170,000 2002 300,000
<br />1991 110,000 1997 190.000 2003 325,000
<br />
<br />The City reserves the right, at its option, to redeem Bonds maturing ,August 1,1996,
<br />through August 1, 2002, both inclusive, in whole or any part thereof, on August 1,1995,
<br />or any interest payment date thereafter, at the par value thereof plus accrued interest
<br />to the date fixed for redemption. If less than al: of the Bonds are to be redeemed by the
<br />City, the City shall determine the maturity or maturities and the amounts thereof to be
<br />redeemed and shall direct the Paying Agent/Registrar to ca1 by lot Bonds, or portions thereof,
<br />within such maturity or maturities and in such principal amounts, for redemption. Not less
<br />than 30 days prior to a redemption date for the Bonds, the City shall cause a notice of
<br />redemption to be sent by United States mail, first class, postage prepaid, to each Holder of
<br />a Bend to be redeemed, in Nhole or in part, at the address of the Holder appearing on the
<br />registrati~n beaks of the Payi~; ~ge~t!~e9istrar at the time such notice of redemption is
<br />ma i1 ed.
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