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<br />I <br /> <br />, <br /> <br />I <br /> <br />... <br /> <br />9 <br /> <br />RESOLUTION AUTBo.RIZDfG 'l'BE MAyo.R '1'0. PUBLISH <br />ltO'1'ICE ,o.F IJf'1'ER'l'Io.N'l'o. ISSUE RElPUlmDfG, Bo.RDS <br /> <br />THE STATE o.F 'fEXAS <br />COUliTY or RAYS <br />CITTor SAN MARCOS <br /> <br />Onth18 the 18th day otAugust, 1954, theC1ty Councilor the <br />City of San Marcos, Texas, convened in reg\llar session at the <br />regular meeting place, with the tollowing members present, to-wit: <br /> <br />Frank E. Dietterich <br /> <br />, Hayor, <br /> <br />S. R.Beecroft <br />Coy De Viney <br />Calvin M.,' Allen <br /> <br />: Aldermen, <br /> <br />Ann " Zi em1e <br /> <br />, City SeeretlU'Y, <br /> <br />and the tollowing absent:" Harold G. Smith. and :Frank D. Hill. JI"aI <br />constituting a quorU$, and, among other business transacted,the <br />following resolution was adopted: <br />WHEREAS, the City Council ot the City otBan Marcos, Texas, <br />has heretofore passed an ordinance authorizing the issuance ot <br />CITY o.F SAN MARCOS AUTOMOTIVE EQUIPMENT AND STRlCE'r MACHINERY <br />WARRANTS, dated August 1, 1954, Numbered 1 to 35, inclusive, in <br />the denomination of $1,0.0.0. each, aggregating $35,0.0.0..0.0., bearing <br />3-1/2% inte~est per annum, and maturing on August 1st, $2,0.00 in <br />each otthe years 1962 to 1966,inclusive, and $5,0.00 in each of <br />the years 1967 to 1971,inclU$ive, of which iB8uethere are now <br />outstandlngandunpaid Warrants Nos. 10 to 3S,incluUve, in the <br />principal amount ot$26,o.oo..oO; and, <br />WHEREAS, the City Council ot said CitydeeIllfl it advisable <br />and to, the best interestot said City to cancel the above described <br />outstanding warrants by the issuance of refunding bonds in lieu <br /> <br />thereof; and, <br />