03231970 Regular Meeting - Laserfiche WebLink

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BOND NUMBERS ~ AMOUNTS (Inclusive) I 256 - 270 2005 $75,000 271 - 286 2006 80,000 287 - 302 2007 80,000 303 - 319 2008 85,000 I Bonds numbered 1 to 41, inclusive, shall be non-callable prior to their respective maturity dates. The City of San Marcos reserves the right to redeem Bonds numbered 42 to 319, inclusive, in whole or in part, and in their inverse numerical order, on any interest payment date on and after July 1, 1978, by paying principal and accrued interest plus a premium of 4% on all Bonds called on July 1, 1978; provided, that the premium shall reduce 1/4 of 1% each year thereafter until July 1, 1994, on and after which date there shall be no premium on any Bonds so called. Notice of the intended redemption of any such Bonds shall be published in a financial journal printed in the English language in the City of New York,New York, at least once, not less than thirty (30) days before the date fixed for such 'pay- ment, and thirty (30) days' notice in writing shall be given to the Places of Payment before the date so fixed for redemption. Prior to the date fixed for redemption, funds shall be deposited in the Places of Payment sufficient to pay the Bonds called and " accrued interest thereon, plus any premium required. Upon the happening of the above conditions, any Bonds thus called shall nOt thereafter bear interest. Section V. Execution of Bonds. That said Bonds and the II interest ~oupons appurtenant thereto shall be executed with the imprinted facsimile signatures of the Mayor and City Secretary of the City of San Marcos, Texas, and the official seal of said City shall be impressed, or a facsimile thereof shall be printed, on each of said Bonds. Execution in such manner shall have the same effect as if such Bonds and coupons had ,been signed by said Mayor and City Secretary in person by their manual signatures. Inasmuch - 6 - .-.