|
<br />, ..,. ,
<br />
<br />IN'l'EREST EXEMPl' FROM ALL PRESENT FEDER!<L INCOME TAXES
<br />
<br />I
<br />
<br />NEW ISSUE
<br />PRELIMINARY CrnCULAR
<br />
<br />$350,000,00
<br />CITY OF SAN MARCOS, TEXAS
<br />%
<br />STREET IMPROVEMENT BONDS
<br />
<br />Dated: June 1, 1956
<br />
<br />Denomination: $1,000
<br />
<br />Principal and semi-annual interest (JUZla 1 and December 1) payable
<br />at (a mutually agreed bank in a Reserve City).
<br />First interest coupon payable June 1, 1957.
<br />
<br /> MATURITY SCHEDULE
<br /> (Dua - June 1)
<br /> Amount Maturity Rate Yield Amount Meturi.:!;y Rate Yield
<br /> $1,000 1957 -% -'f :(; 5,000 1972 -% 0;;
<br /> 7,000 1958 -% -% 5,000 1973 -00 ~
<br /> 7,000 1959 -% -% 12,000 1974 -'%
<br /> 7,000 1960 -% % 12,000 1975 -% -%
<br /> 8,000 1961 -% _% 12,000 1976 -up %
<br /> 8,000 1962 -% % 15,000 1917 -ejo %*
<br /> 8,000 1963 -'Ie -'fa 15,000 1978 -d --%'*
<br /> -,Q
<br /> 9,000 1964 'f, -'to 16,000 1979 _'to --'to*
<br />I 9,000 1965 -~ % 16,000 1980 ~ -%*
<br />9,000 1966 - ~ 17,000 1981 _% -%*
<br />10,000 1967 -% 17,000 1982 _% %*
<br />10,000 1968 -% % 18,000 1983 -3 %*
<br /> 10,000 1969 -'" --% 19,000 1984 _'to -1,*
<br /> "
<br /> 11,000 1970 -IJ! -% 20,000 1985 _% -~!j*
<br /> -"
<br /> 11,000 1971 ~ % 20,000 1986 % %*
<br /> -'
<br /> (*) Bonds maturing on June 1, 1977 and theraafter shall be optional for prior
<br /> redemption on June 1, 1976 or any interest payment data thereafter at par
<br /> plus accrued interest,
<br />
<br />THESE BONDS, voted at an election held for thet purpose constitute ve.l1d and
<br />legally binding general obligations of the City of San Marcos,
<br />Texas and are payable from ad valorem taxes levied against all taxable property
<br />in the City within the limits prescribed by law.
<br />
<br />PROCEEDS from the sale of these bonds will be used to acquire right-of-way on
<br />Highway 81 through the City.
<br />
<br />PAYMENT BECORD: The City of San Marcos has never defaulted.
<br />
<br />LEGALITY: The Attorney General of the state of Texas and Massrs,
<br />Gibson, Spence & Gibson, Austin, Texas.
<br />
<br />I
<br />
<br />DELIVERY:'
<br />
<br />When issued; expected about July 15, 1956.
<br />
|