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<br /> NOTICE OF SALE
<br /> AND
<br /> BIDDING ÏÑŠÌRUCTIONS
<br /> ON
<br /> $5,800,000
<br /> CITY OF SAN MARCOS, TEXAS
<br /> (Hays County)
<br /> COMBINATION TAX AND REVENUE
<br /> CERTIFICATES OF OBLIGATION, SERIES 1984-A
<br /> Selling Monday, March 26, 1984, at 7:30 PM, CST
<br /> THE SALE
<br />Certificates Offered for Sale at Com etitive Biddin ... The City of San Marcos, Texas (the
<br />"City" , is offering for sale its 5,800,000 Combination Tax and Revenue Certificates of
<br />Obligation, Series 1984-A (the "Certificates" or "Certificate", which shall include, for pur-
<br />poses of definition, the Initial Certificate).
<br />Address of Bids ... Sealed bids, plainly marked "Bid for Certificates", should be addressed and
<br />delivered to "Mayor and City Council, City of San Marcos, Texas", prior to 7:30 PM, CST, on the
<br />date of the bid opening. All bids must be submitted on the Official Bid Form, without
<br />alteration or interlineation.
<br />Place and Time of Bid Opening ... The City Council will open and publicly read the bids for the
<br />purchase of the Certificates at the City Hall Chambers, 603 E. Hopkins, San Marcos, Texas, at
<br />7:30 PM, CST, March 26, 1984.
<br />Award of the Certificates ... The City Council will take action to award the Certificates (or
<br />reject all bids) promptly after the opening of bids, and adopt an ordinance authorizing the
<br />Certificates and approving the Official Statement (the "Ordinance").
<br /> THE CERTIFICATES
<br />Description ... The Certificates will be dated April 1, 1984 (the "Certificate Date"), and
<br />interest will be due on February 1,1985, and each August 1 and February 1 thereafter until the
<br />earlier of maturity or prior redemption. The Certificates will be issued only in fully
<br />registered form in any integral multiple of $5,000 for anyone maturity, and principal and
<br />semi-annual interest will be paid by American National Bank, Austin, Texas, the paying agent/
<br />registrar (the "Paying Agent/Registrar"). Principal of the Certificates will be payable to the
<br />registered holder or owner (the "Holder" or "Owner") at maturity or redemption upon presenta-
<br />tion at the principal corporate office of the Paying Agent/Registrar. Interest on the Cer-
<br />tificates will be payable by check, dated as of the interest payment date, and mailed by the
<br />Paying Agent/Registrar to registered Holders as shown on the records of the Paying Agent/
<br />Registrar on the Record Date (see "Record Date for Interest Payment" herein). The Certificates
<br />will mature on August 1 in each year as follows:
<br /> Principal Princ,jpal Principal
<br />Year Amount Year Amount Year Amount
<br />1986 $ 125,000 1992 $ 200,000 1999 $ 400,000
<br />1987 125,000 1993 225,000 2000 425,000
<br />1988 125,000 1994 250,000 2001 475,000
<br />1989 150,000 1995 275,000 2002 525,000
<br />1990 175,000 1996 300,000 2003 575,000
<br />1991 175,000 1997 325,000 2004 600,000
<br /> 1998 350,000
<br />The City reserves the right, at its option, to redeem Certificates maturing August I, 1995,
<br />through August 1,2004, both inclusive, in whole or any part thereof, on August I, 1994, or any
<br />interest payment date thereafter, at the par value thereof plus accrued interest to the date
<br />fixed for redemption. If less than all of the Certificates are to be redeemed by the City, the
<br />City sha 11 determi ne the maturity or maturit ies and the amounts thereof to be redeemed and
<br />shall direct the Paying Agent/Registrar to call by lot Certificates, 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 Certificates, the City shall cause a notice of
<br />redemption to be sent by United States mail, first class, postage prepaid, to each Holder of a
<br />Certificate to be redeemed, in whole or in part, at the address of the Holder appearing on the
<br />registration books of the Paying Agent/Registrar at the time such notice of redemption is
<br />ma i 1 ed.
<br />Limitation on Transfer of Certificates Called for Redemption ... Neither the City or the Paying
<br />Agent/Registrar shall be required to issue or transfer to an assignee of the Holder of the
<br />Certificates any Certificate called for redemption, in whole or in part, within 45 days of the
<br />date fixed for redemption; provided, however, such limitation of transfer shall not be ap-
<br />plicable to an exchange by the Certificate Holder of the unredeemed balance of a Certificate
<br />called in part for redemption.
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