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<br />I <br /> <br />throughout the term of said bond issue, save and except as said <br />object is accomplished by the schedule of maturities hereinabove <br />set out, which maturities are hereby found to be necessiated by <br />the financial condition of said City. <br /> <br />IV. <br /> <br />That said bonds. shall bear interest from date Until paid at <br />the rate of three and one-fourth (3-1/4%) per cent per annum, <br />which interest shall be payable September 1, 1955, and semi- <br />annually thereafter on March 1st and September 1st in each year, <br />and shall be evidenced by proper coupons attached to each of said <br />bonds; that principal of and interest on said bonds shall be <br />payable upon presentation and surrender of bonds or proper coupons <br />at the First National Bank, San Marcos, Texas. <br /> <br />V. <br /> <br />That each of said bonds shall be Signed by the Mayor and <br /> <br />I <br /> <br />countersigned by the City Secretary, and the corporate seal of <br />the City of San Marcos, Texas, shall be impressed upon each of <br /> <br />them; that the facsimile signatures of the Mayor and the City <br /> <br />Secretary may be lithographed, printed or engraved on the coupons <br /> <br />attached to said bonds and shall have the same effect as if they <br />had been Signed by said officers. <br /> <br />VI. <br /> <br />That the form of said bonds shall be substantially as follows: <br /> <br />NO. <br /> <br />UNITED STATES OF AMERICA <br />STATE OF TEXAS <br />COUNTY OF HAYS <br />CITY OF SAN MARCOS REFUNDING BOND <br />SERIES OF 1954 <br />KNOW ALL MEN BY THESE PRESENTS: That the City of San Marcos, <br /> <br />$1,000 <br /> <br />I <br /> <br />in the County of Hays, State of Texas, a municipal corporation <br />duly incorporated under the laws of the State of Texas, FOR VALUE <br />RECEIVED, hereby promises to pay to the bearer on the 1st day of <br />September, 19___, the sum of <br /> <br />ONE THOUSAND DOLLARS <br />