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<br /> in an~ other similar manner, as determined by the officers <br /> execut1ng such Bonds as evidenced by such execution. <br /> (b) Form of Bond. <br /> REGISTERED REGISTERED <br /> NO. $ <br /> UNITED STATES OF AMERICA <br /> STATE OF TEXAS <br /> CITY OF SAN MARCOS, TEXAS <br /> GENERAL OBLIGATION BOND <br /> SERIES 1985 <br /> Interest Rate: Due: Initial Date: CUSIP <br /> June 1, 1985 <br /> THE CITY OF SAN MARCOS (the "City"), in the County of Hays, <br /> State of Texas, hereby promises to pay to <br /> or the re~istered assigns thereof, on the due date specified above <br /> the princ1pal sum of <br /> DOLLARS <br /> (or so much thereof as shall not have been paid upon prior <br /> redemption) and to pay interest while this Bond is outstanding and <br /> unpaid from the later of the Initial Date or the most recent <br /> interest payment date to which interest has been paid or duly <br /> provided for, at the per annum rate specified above, semiannually <br /> on February 1 and August 1, commencing August 1, 1985. <br /> THE PRINCIPAL of this Bond is payable at the principal <br /> cor~orate office of the Paying Agent/Registrar executing the <br /> reg1stration certificate appearing hereon, upon presentation and <br /> surrender of this Bond. The interest on this Bond payable on any <br /> interest payment date will be paid to the person in whose name <br /> this Bond (or one or more Predecessor Bonds) is registered at the <br /> close of business on the Record Date for such interest payment <br /> which shall be the 15th day of the month next preceding such <br /> interest payment date; provided, however, that in the event of <br /> nonpayment of interest on a scheduled interest payment date, and <br /> for 30 days thereafter, a new record date for such interest <br /> payment (the "S~ecial Record Date") will be established by the <br /> Paying Agent/Reg1strar, if and when funds for the payment of such <br /> interest have been received from the City. Notice of the Special <br /> Record Date and of the scheduled payment date of the past due <br /> interest (the "Special Payment Date", which shall be 15 days after <br /> the special Record Date) shall be sent at least 5 business days <br /> prior to the Special Record Date by United States mail, first <br /> -8- <br />