Ord 2018-017/general obligation Bonds; levying an ad valorem tax in support of the bonds; approving a paying agent/registrar agreement, an official Statement, and a purchase agreement; establishing procedures For selling and delivery of one or more series

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[FORM OF FIRST PARAGRAPHS OF CURRENT INTEREST BONDS] INTEREST RATE DATE OF BOND MATURITY DATE CUSIP NO. REGISTERED OWNER: PRINCIPAL AMOUNT: DOLLARS ON THE MATURITY DATE specified above, SAN MARCOS, TEXAS (the "City"), being a political subdivision of the State of Texas,hereby promises to pay to the Registered Owner set forth above, or registered assigns (hereinafter called the "Registered Owner") the principal amount set forth above,and to pay interest thereon from Date of Delivery,on , 20 * and semiannually thereafter on each *and *to the maturity date specified above, or the date of redemption prior to maturity, at the interest rate per annum specified above calculated on the basis of a 360-day year of twelve 30-day months; except that if this Bond is required to be authenticated and the date of its authentication is later than the first Record Date (hereinafter defined), such principal amount shall bear interest from the interest payment date next preceding the date of authentication,unless such date of authentication is after any Record Date but on or before the next following interest payment date,in which case such principal amount shall bear interest from such next following interest payment date; provided, however, that if on the date of authentication hereof the interest on the Bond or Bonds, if any, for which this Bond is being exchanged or converted from is due but has not been paid,then this Bond shall bear interest from the date to which such interest has been paid in full. Notwithstanding the foregoing,during any period in which ownership of the Bonds is determined only by a book entry at a securities depository for the Bonds,any payment to the securities depository,or its nominee or registered assigns, shall be made in accordance with existing arrangements between the City and the securities depository. THE PRINCIPAL OF AND INTEREST ON this Bond are payable in lawful money of the United States of America,without exchange or collection charges. The principal of this Bond shall be paid to the Registered Owner hereof upon presentation and surrender of this Bond at maturity or upon the date fixed for its redemption prior to maturity, at Regions Bank, (the "Paying Agent/Registrar")at their office for payment in Houston,Texas(the"Designated Payment/Transfer Office"). The payment of interest on this Bond shall be made by the Paying Agent/Registrar to the Registered Owner hereof on each interest payment date by check or draft, dated as of such interest payment date, drawn by the Paying Agent/Registrar on, and payable solely from, funds of the City required by the ordinance authorizing the issuance of this Bond (the "Bond Ordinance") to be on deposit with the Paying Agent/Registrar for such purpose as hereinafter provided;and such check or draft shall be sent by the Paying Agent/Registrar by United States mail,first-class postage prepaid, on each such interest payment date,to the Registered Owner hereof,at its address as it appeared on the close of business on the last day of the month next preceding each such date(the"Record Date") Pricing Certificate shall be used in the executed Bonds. 10 SamMarcos wB:ol e.ommanceeo