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ORDINANCE NO. 2009-35
<br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS,
<br />AUTHORIZING THE ISSUANCE AND SALE OF CITY OF SAN MARCOS, TEXAS,
<br />GENERAL OBLIGATION BONDS, SERIES 2009; PROVIDING FOR THE SECURITY
<br />FOR AND PAYMENT OF SAID BONDS; PRESCRIBING THE FORM OF SAID BONDS;
<br />AWARDING THE SALE THEREOF; APPROVING THE OFFICIAL STATEMENT AND
<br />A BOND PURCHASE AGREEMENT; AND ENACTING OTHER PROVISIONS
<br />RELATING TO THE SUBJECT
<br />WHEREAS, general obligation bonds ofthe City of San Marcos, Texas (the "City") were duly
<br />and favorably voted, pursuant to the laws of the State of Texas, at an election held in the City on the
<br />date hereinafter set forth; and the following are among the purposes and principal amounts of the
<br />bonds which were authorized, together with the total principal amount previously issued pursuant to
<br />each voted authorization, the principal amount therefrom being issued pursuant to this Ordinance,
<br />and the principal balance to remain unissued after the issuance of the bonds hereinafter authorized,
<br />to-wit:
<br />
<br />
<br />Election
<br />Date
<br />Election
<br />Proposition
<br />Number
<br />
<br />
<br />urpose
<br />Principal
<br />Amount
<br />Authorized Principal
<br />Amount
<br />Previously
<br />Issued
<br />Principal
<br />Amount
<br />This Issue Principal
<br />Amount
<br />Remaining
<br />Unissued
<br />11/8/05 Prop. No. 1 Land Purchase $2,000,000 $2,000,000 $ 0 $ 0
<br />11/8/05 Prop. No. 3 New Central Fire Station 2,965,000 2,965,000 0 0
<br />11/8/05 Prop. No. 4 Streets 2,450,000 425,000 2,025,000 0
<br />11/8/05 Prop. No. 5 Streets and Drainage 2,580,000 950,000 1,630,000 0
<br />11/8/05 Prop. No. 6 Pedestrian and Bicycle Ways 1,185,000 345,000 840,000 0
<br />WHEREAS, the City Council (the "City Council") of the City considers it to be in the best
<br />interest of the City at this time to proceed with the issuance and sale of such general obligation bonds,
<br />as authorized by the laws of the State of Texas, including, particularly, Tex. Gov't Code Ann.
<br />§1331.052; and
<br />WHEREAS, it is officially found, determined and declared that the meeting at which this
<br />Ordinance has been adopted was open to the public and public notice of the date, hour, place and
<br />subject of said meeting, including this Ordinance, was given, all as required by the applicable
<br />provisions of Tex. Gov't Code Ann. ch. 551; Now, Therefore
<br />San Marcos GO 2009 Ordinance
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