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<br />........... - <br /> <br />I <br /> <br />I <br /> <br />I <br />. <br /> <br />RECEIVED, hereby promises to pay to the bearer hereof on the 1st <br /> <br />day of November, 19_, the sum of <br /> <br />ONE THOUSA~ID DOLLARS <br /> <br />(~1,000.00), in lawful money of the United States of America, with <br /> <br />interest thereon from date hereof at the rate of <br /> <br />(-----5~) per cent per annum, interest payable November 1, 1955, <br /> <br /> <br />and semi-annually thereafter on May 1st and November 1st in each <br /> <br />year, principal and interest payable upon presentation and sur- <br /> <br />render of bond or proper coupon at The Amerj.can National Bank of <br /> <br />Austin, Austin, Texas, and the City of San Marcos is hereby held <br /> <br />and firmly bound, and its faith and credit, and all real and <br /> <br />personal property in said City, are hereby pledged for the prompt <br /> <br /> <br />payment of the principal of thiS bond and the interest thereon <br /> <br />at maturity. <br />This bond is one of a series of one hundred (100) bonds, <br />numbered consecutively from one (1) to one hundred (100), inclu- <br />sive, of the denomination of One Thousand ($1,000.00) Dollars <br />each, aggregating One Hundred Thousand ($100,000.00) Dollars, <br /> <br />issued for the purpose of purchasing and improving lands for park <br /> <br />purposes for the City of San Marcos, under and by virtue of the <br /> <br />Constitution and Laws of the State of Texas, and pursuant to an <br /> <br />ordinance passed by the City Council of the City of San Jvlarcos, <br />Texas, duly recorded in the Minutes of the City Council. <br />The City of San Marcos reserveS the right to redeem this <br />bond on November 1, 1969, or on any interest payment date there- <br /> <br />after, by paying principal and accrued interest thereon, and in <br /> <br />case thereme is called in for redemption before maturity, notice <br /> <br />thereof in writing shall be given by the City Secretary of said <br /> <br />City to The American National Bank of Austin, Austin, Texas, at <br /> <br /> <br />least thirty (30) days prior to the date fixed for redemption; <br /> <br />and said City Secretary shall also cause a copy of such notice to <br /> <br />be published in some financial journal published in the State of <br /> <br /> <br />Texas, one time at least thirty (30) days prior to the date fixed <br />