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defined shall have the meaning given in the Bond Ordinance. <br />DURING ANY PERIOD in which ownership of the Bonds is determined only by a book <br />entry at a securities depository for the Bonds, if fewer than all of the Bonds of the same maturity <br />and bearing the same interest rate are to be redeemed, the particular Bonds of such maturity and <br />bearing such interest rate shall be selected in accordance with the arrangements between the <br />Issuer and the securities depository. <br />[FORM OF FIRST PARAGRAPHS <br />OF PREMIUM COMPOUND INTEREST BOND] <br />NO. PC - <br />MATURITY <br />AMOUNT <br />INTEREST RATE ISSUANCE DATE DATE OF BONDS MATURITY DATE <br />REGISTERED OWNER: <br />MATURITY AMOUNT: <br />ON THE MATURITY DATE SPECIFIED ABOVE, CITY OF SAN MARCOS, <br />TEXAS (the "City"), being a political subdivision and municipal corporation of the State of <br />Texas, hereby promises to pay to the Registered Owner set forth above, or registered assigns <br />(hereinafter called the "Registered Owner") the Maturity Amount set forth above, representing <br />the principal amount hereof and accrued and compounded interest hereon. Interest shall accrue <br />on the principal amount hereof from the Issuance Date at the interest rate per annum specified <br />above, calculated on the basis of a 360 day year comprised of twelve 30 day months, <br />compounded semiannually on and of each year commencing <br />*. For convenience of reference a table of the "Accreted Value" per $5,000 Maturity <br />Amount is printed on the reverse side of this Bond. The term "Accreted Value" as set forth in <br />the table on the reverse side hereof shall mean the original principal amount plus initial premium <br />per $5,000 Maturity Amount compounded semiannually on * and * at <br />the yield shown on such table. <br />THE MATURITY AMOUNT of this Bond is payable in lawful money of the United <br />* <br />To be completed as determined by the Pricing Officer in the Pricing Certificate. To the extent that the Pricing Certificate relating to the Bonds <br />is inconsistent with any provisions in this Fonm of Bond or contains information to complete missing information in this Form of Bond, the <br />language in the Pricing Certificate shall be used in the executed Bonds. <br />12 <br />San Marcos GORB2021 - Delegated: Ordinance <br />