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<br /> FIRST 3~ COMPANY <br /> INVESTMENT BANKERS <br /> SOUTHWEST TOWER <br /> 211 E. SEVENTH, SUITE 707 <br /> AeSTIX. TEXAS 78701 <br /> TE~~I~ 476-4372 <br /> WILLIAM A. HARRISON. III April 1, 1985 <br /> VICE PRE5IDE"T <br /> Honorable Mayor and City Council <br /> City of San Marcos <br /> San Marcos, Texas <br /> Gentlemen: <br /> A rule of the Municipal Securities Rulemaking Board, under which we operate, <br /> requires that we advise you in writing of our intention to bid for our own <br /> account or with others for your $3,020,000 City of San Marcos, General Obli- <br /> gation Tax Bonds, Series 1985, and that we have your written consent to do so. <br /> Our Financial Advisory Agreement, the Notice of Sale and the Official State- <br /> ment to be mailed to prospective bidders and purchasers of your Bonds shall <br /> state: <br /> First Southwest Company is employed as Financial Advisor to the City <br /> in connection with the issuance of the Bonds. The Financial Advisorts <br /> fee for services rendered with respect to the sale of the Bonds is <br /> contingent upon the issuance and delivery of the Bonds. First South- <br /> west Company may submit a bid for the Bonds, either independently or as <br /> a member of a syndicate organized to submit a bid for the Bonds. <br /> It would be appreciated if you would indicate your approval by signing this <br /> letter in the space provided below: <br /> " <br /> Very truly yours /' <br /> By <br /> The above is underÅtood and ~reed to, reby give our consent, this <br /> 9 day of ¡J if L J1t <br /> . ,. CITY OF SAN MARCOS, TEXAS <br /> By ~(ò~ <br /> ~ <br /> / <br /> ATTEST: <br /> bþ~f?fÙ~(}¿/ <br /> Ci ty ecretary <br />