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<br />/e:<tJ <br /> <br />San Antonio, Texa. <br /> <br />To the Honorable <br /> <br />l'ayor and City Commission <br />City of San Marcos <br />San Marcos <br /> <br />Harch 16, <br /> <br />,1955 <br /> <br />, Texas <br /> <br />Gentlemen: <br /> <br />For your legally issuec1 Street TInprovement Refunding Bonds, <br />in the par value of $ 35.000 , to be dated on or about April 1 , 192L, in the denomination <br />of $ 1,000 , payable at First National Bank, San !1arcos with interest to be payable semi- <br />annually and to mat!1re serially and to bear interest from their date until paid in the following manner; <br /> <br />I <br /> <br />Maturity not to exceed twenty years, bearing <br /> <br />3-1/2% interest. <br /> <br />We will pay: Par <br /> <br />This offer is for prompt acceptance only, and is made subject to the unqualified approval of these obligations by <br />the Attorney General of Texas and by Gibson. Spence & Gibson of Austin ,Texas , <br />which firm is to be employed to represent your City~, and whose fee will be paid by you'. All other <br />expenses incident to the issuance and delivery of these bonds, including the printing and additional legal expense, will <br />be borne by~. The bonds are to be delivered to us for payment at the First National Rank, <br />San Harcos , Texas. <br /> <br />J/rI lH fI.#t/ f'rh'sJNcI#1 lie! J~(IjJ'/eI Jclrl JoN#N /rIYI/l/r/ iPfel#.flrftlftN# ;F!frfJ! PI /tNlttJ-N PI IY<I#IM' <br />I/JJi# NJ U/Jjrj,llrAI III J/r'/JItf/rI lefr/J lJ,/ilJ'f,NI lJr/sI Nc/r/J/I'hIliJJN,fN,11rIdJ IjJ NtJ/ N.fIN IJ f,/el Ii <br />Illlll I I I I III II Itt 11,/.11 /J.tIlJI/,L/,JrllIlJ/ /.,/ AlJ Ilr!rIcMirl Ilil MIs! MillJllil <br /> <br />This agreement shall be in full force and effect for a period of~_days from this date, and in the event you <br />are unable for any reason to deliver said bonds to US, in conformity with the provisions of this agreement, within the <br />above prescribed period, then, in that event we shall no longer be bound by the provisions hereof, but shall have an <br />irrevocable option upon such bonds for the~days next succeeding the expiration date of our commitment under <br />the same tefms and conditions set forth herein. <br /> <br />N N#fN PI pN #1f;1f/'j'tN fvN Itlf<tf'Nr,kfrf flaf'fYiN fNrfrI fctIl trfel If! 111/171/1 III/I I I I 1/// !'#'f, <br />ill I I I I III II! II/II IJtM/sl #/t/n!e/l~#t/ /0/1(-1-11 I 111/1//1/ /vI'r/I /II /tPIJ/. M'fJ//JiJ/l11 f.#Nr#/lr/f <br />/PHHrli):/s1 "fl# Hi fNcfI-}fr!r:fdI fiy,f )~rf 110ff PI !Ffs/llrHrftlrfrl N~"NW'lf HY' Il Nf# /tf #frlrll #N frle! <br />Ilt/{rti Ule/I/iJi lMl4lsliJ'/i JJIr/eANJI Nr/ MIHrisI MI/itMIiJ/4 Ulf#V Nr! M~fJll-Mjr/aJir! /J/;/rIJJ1 in <br />! /tN M/r/1!#NlrI-'Ir/rf /'i</t/#1 J'Iir:/.<ltM/rIe/ le/lvf#/tPIN #Ir/ 1#/<'/##1 /al-Ilrhll#e! /'IcN #( J:Pfrlrrlir/1#v N <br />I MirtH/lei MiNJ.Ai Irflsll-lr/iJJj <br />Respectful1y submitted, <br /> <br />RUSS & COMPANY <br /> <br />By: <br /> <br />~-~ . <br /> <br />(Inco:rpomted) <br /> <br />'f~' /\ <br />" { , <br />~ufL{ "f <br /> <br />AuthorizeJ Representative <br /> <br />I <br /> <br /> <br />L':;kFl Z~ <br />(:7 <br /> <br /> <br />ATTEST: <br /> <br />SEAL <br />