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<br />City of San Marcos Street Ilnprovement Bonds - Page 2
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<br />FINANCIAL STATEMENT
<br />A8Of'MaY15~95b
<br />
<br />,
<br />
<br />Assessed Valuation, 1955 - -
<br />Total Debt - - - - - - - - -
<br />Less: Viater end Sel~er Talt' Debt
<br />(Self supporting) * - - -
<br />Interest & Sinking Funds
<br />NET DEBT - - - - - - - - - - - -
<br />Eati,o of Net Debt to Assessed Valuation
<br />Populetion, Estimated - 15,000
<br />
<br />(*) Net income from the water and sewer systems for the year ended March 31, 1956
<br />toteled $89,658.56 against reql\irernents for the Revenuea debt outstanding of
<br />$311,409.11 for that period.
<br />
<br />- $7,781,5113.26
<br />1,037,000.00
<br />
<br />$423,000.00
<br />22,286.0<2.
<br />
<br />445,286.00
<br />r 591,'(14.00
<br />7.60'p
<br />
<br />'The above statement does not include the waterworks and sewer systems revenue
<br />debt outstanding in the amount of $628,000.
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<br />ESTIMATEl) NET DIRECT AND OVEIlLAPPING DEBT STATEMENT
<br />
<br />SubdiVision Net Debt
<br />Hays County $ -r,500
<br />San Marcos I.S.D. 915,048
<br />City of San Marcos 591,714
<br />Estinmted Net Direct and Overlappine Debt
<br />Ratio of Estimated Net Direct and Overlapping Debt
<br />
<br />% Applicable
<br />50%
<br />80%
<br />100%
<br />
<br />!\mount
<br />Al?plicable
<br />$ 3,750
<br />732,038
<br />591,714
<br />$i,327,5CY2
<br />to Assessed Valuation - 17.06%
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<br /> TAX DATA
<br /> Assessed Tax-- C 0 L L E C T ION S Year
<br />I Year Valuations Rate 'f ~urrent_ 0/0 Total _End~_
<br />1951 $4 ;'383,223-:211 $2.06 9.62% l6b:I8% 3-3l-52
<br />1952 5,071,864.77 2.00 87.76% 93.24% 3-3l-53
<br /> 1953 5,968,708.95 2.00 83.67% 90.91% 3-3l-54
<br /> 1954 6,741,556.26 2.00 84.48% 92 .06';b 3-31-55
<br /> 1955 7,781,543.26 2.10 84.62% 90.61% 3-31-56
<br />
<br />The City has a tax rate limit of $2.50 per $100. of Assessed Valuation.
<br />
<br />THE CITY OF SAN MARCOS, County Seat of Bays County in South Central Texas, is
<br />located on the beautiful Sen Marcos River, and~ approxi,.
<br />mately 46 miles northeast of San l',ntonio and 30 miles southwest of Austin. It
<br />is Rays County's principal market center and shipping point; its trade area in-
<br />cluaes contiguous areas of adjacent counttes. Principal industries located within
<br />the City are the Great State Chemical COmJ;lany, Texas Ceramics Products Corporation,
<br />Cedaroc Company of 'I'exas, Dollman Industries of TeJ..'3s, cotton gins, cottonseed oil
<br />mill, creamery and others. Manufactured products include woolen goods, builders'
<br />hardware, liVestock remedies, fertilizers, cedar tile and others.
<br />
<br />The City's economy is basad primarily on the widely diversified agricultural crops
<br />grm,n in the intensively cultivated area south Of the Balcones Fault Line Escarp-
<br />ment. Principal crops of this area include cotton, grain 'sor~lums, hay and
<br />forace, diversifi,ed staples, fruit and truck. The large scele, county-wide,
<br />ranching and stock farming industry, together with large production of sheep,
<br />goats, wool and mohair, further diversify the economy of the aree.
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<br />The City is served by the Missouri PacIfic and the Missouri-Kansas end Texas Beil..
<br />roads and by U. s. m,(~hway 81 and State Highwa~7s 80, 21, 12 and 123. The City
<br />has tlW banks. The First National Bank of San Marcos and the State Bank and Trust
<br />Ccmpany with total deposits of over $9,000,000. Located within or in close prox-
<br />imity to the City's bound~ries are the following Federal and State installations:
<br />!3an Marcos Army Air Field (recently reactivated), Federal and State Fish Hatcher-
<br />ies and Southwest State Teachars Collece. In addition to the Southwest State
<br />Teachers Collega the City is the site of the San Marcoa Academy and the Brown
<br />School. Its publtc school system is excellent and modern in all l'espects.
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<br />6')615/la
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