03071956 Regular Meeting - Laserfiche WebLink

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the issuance of said bonds in such installments as will make the ,I burden of taxation to support the same approximately uniform throughout the term of said bond issue, save and except as said object is accomplished by the schedule of maturities hereinabove set out, which maturities are hereby found to be necessitated by the financial condition of said City. IV. That said bonds shall bear interest from date until paid at the rate of three and one-half (3-1/2%) per cent per annum, , which interest shall be evidenced by proper coupons attached to each of said bonds and shall be payable October l5, 1956, and semi-annually thereafter on April 15th and October 15th in each year; that principal of and interest on said bonds shall be payable, without exchange or collection charges to the owner or holder, upon presentation and surrender of bonds or proper coupons at the FIRST NATIONAL BANK, SAN MARCOS, TEXAS. V. That each of said bonds shall be signed by the Mayor and countersigned by the City Secretary and the corporate seal of the City of San Marcos, Texas, shall be impressed upon each of them; that the facsimile signatures of the Mayor and the City Secretary may be lithographed, printed or engraved on the coupons attached to said bonds and shall have themme effect as if they had been signed by said officers. VI. That the form of said bonds shall be substantially as J follows: NO. UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF HAYS CITY OF SAN MARCOS STREET IMPROVEMENT REFUNDING BOND SERIES OF 1956 $l,OOO KNOW ALL MEN BY THESE PRESENTS: That the City of San Marcos, in the County of Hays, State of Texas, a municipal corporation duly incorporated under the laws of the State of Texas, FOR VALUE RECEIVED, hereby promises to pay to the bearer on the 15th day