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<br />,-,t <br /> <br />OFFICIAL <br />..!.~ <br /> <br />Mey 23, 1956 <br /> <br />J <br /> <br />Honorable Mayor and City Council <br />City of San ~mrcos <br />San Marcos, Texas <br /> <br />Gentlemen: <br /> <br />Reference is mede to your "Official Notice of Sale", fulted May 15, 1956, of <br />$350,000 City of San Marcos, Texas Street Improvement bonds, which is ettached <br />hereto and made a part hereof. <br /> <br />For your legally issued bonds, as described in said Notice, we will pay you par <br />and accrued interest from date of issue to date of delivery to us, plus a cash <br />premium of $ for bonds bearing interest as follows: <br /> <br />June 1, 1957, through June 1, 19_, - <br />June 1, 19_, through June 1, 19_, - <br /> <br />10 <br />"/0 <br />"/0 <br /> <br />June 1, 19_, through June 1, 19_, - <br />Interest cost in accordance with the above bid is: <br /> <br />Gross Interest Cost <br /> <br />$ <br /> <br />Less Premium <br /> <br />I <br /> <br />NET INTEREST COST <br /> <br />$ <br /> <br />EFFECTIVE INTEREST RATE <br /> <br />% <br /> <br />Attached hereto is Cashier's - Certified Check of the <br />Bank, , in the amount of $7,000, which <br />represents our Good Faith Deposit, and which is submitted in accordance with the <br />terms as set forth in the "Official Notice of Sale". <br /> <br />Respectfully submitted <br /> <br />Dy <br /> <br />Authorized Representative <br /> <br />ACCEPTANCE CLAUSE <br /> <br />I <br /> <br />The above and foregoing bid is hereby in all things accepted by the City of San <br />Marcos, Texas, this the 23rd day of May, 1956. <br /> <br />ATl'EST <br /> <br />Mayor, City of San Marcos <br /> <br />City Secretary, City Of San Marcos, Texas <br />