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NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF SAN
<br />MARCOS, TEXAS:
<br />Section 1. RECITALS, AMOUNT AND PURPOSE OF THE BONDS. The recitals
<br />set forth in the preamble hereof are incorporated herein and shall have the same force and effect as
<br />if set forth in this section. The Bonds of the City are hereby authorized to be issued and delivered
<br />in an aggregate principal amount of $4,460,000, to provide funds for the following projects: (i)
<br />constructing, improving, renovating and equipping Public Safety Facilities to include the police and
<br />fire departments and related emergency and training facilities and related water, wastewater,
<br />drainage, streets, sidewalks, parking, infrastructure and other related costs, and (ii) paying costs
<br />associated with the issuance of the Bonds.
<br /> Section 2. DESIGNATION, DATE, DENOMINATIONS, NUMBERS AND
<br />MATURITIES OF BONDS. The Bonds issued pursuant to this Ordinance shall be designated:
<br />"CITY OF SAN MARCOS, TEXAS GENERAL OBLIGATION BONDS, SERIES 2021" and
<br />initially there shall be issued, sold, and delivered hereunder fully registered bonds, without interest
<br />coupons, dated August 25, 2021, in the maturity amounts stated in the table below and in
<br />denominations of $5,000 or any multiple thereof, numbered consecutively from R-1 upward
<br />(except the initial Bond delivered to the Attorney General of the State of Texas which shall be
<br />numbered T-1), payable to the registered owner thereof, or to the registered assignee or assignees
<br />of the Bonds or any portion or portions thereof (in each case, the "Registered Owner"), and the
<br />Bonds shall mature and be payable as set forth in the table below. The term "Bond" as used in this
<br />Ordinance shall mean and include collectively the bonds initially issued and delivered pursuant to
<br />this Ordinance and all substitute bonds exchanged therefor, as well as all other substitute bonds and
<br />replacement bonds issued pursuant hereto.
<br />August 15 MaturityAugust 15 Maturity
<br />YearAmountYearAmount
<br />2023 $170,000 2033 $245,000
<br />2024 175,000 2034 250,000
<br />2025 185,000 2035 255,000
<br />2026 190,000 2036 265,000
<br />2027 200,000 2037 270,000
<br />2028 205,000 2038 275,000
<br />2029 215,000 2039 280,000
<br />2030 225,000 2040 285,000
<br />2031 235,000 2041 290,000
<br />2032 245,000
<br /> Section 3. INTEREST. The Bonds shall bear interest calculated on the basis of a 360-
<br />day year composed of twelve 30-day months from the dates specified in the FORM OF BOND set
<br />forth in this Ordinance to their respective dates of maturity at the following rates per annum:
<br />2
<br />SANMARCOS GOB 2021: OrdinanceGOB
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