03071956 Regular Meeting - Laserfiche WebLink

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It required to be done precedent to and in the issuance of this series of bond, and of this bond, have been properly done and performed and have happened in regular and due time, form and manner as required by law, and that the entire series of bonds of which this is one, does not exceed any constitutional or statu- tory limitation. IN ADDITION to all other rights, the holder or holders of this bond, and of the series of which it is a part, is and are subrogated to all the right and has and have all of the remedies of the holders of the original indebtedness refunded by this issue of bonds. IN WITNESS WHEREOF, the City of San Marcos, by its City Council, has caused its corporate seal to be affixed hereto, and I this bond to be signed by the Mayor, and countersigned by the City Secretary, and the interest coupons hereto attached to be executed by the facsimile signatures of the Mayor and the City Secretary as of the 15th day of February, 1956. Mayor, City 01' San Marcos, Texas COUNTERSIGNED: City Secretary, City of San Marcos, Texas VII. That the form of interest coupon shall be substantially as follows: NO. ON THE 15TH DAY OF , 19_ $ J The City of San Marcos, Texas, promises to pay to bearer at the First National Bank, San Marcos, Texas, without exchange or collection charges to the owner or holder, the sum of ($ ) Dollars, in lawful money of the United States of America, being months' interest on CITY OF SAN MARCOS STREET IMPROVEMENT REFUNDING BOND, SERIES OF 1956, dated February 15, 1956, No. Mayor, City of San Marcos, Texas City secretary, City of San Marcos, Texas