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<br />AND WHEREAS, it is now in order that the City Council proceed
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<br />with the issuance of said refunding bonds;
<br />
<br />THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
<br />SAN MARCOS, TEXAS:
<br />
<br />1.
<br />
<br />That, under and by virtue of the Constitution and Laws of
<br />the state of Texas, including Chapter 163, Acts of the 42nd Texas
<br />Legislature, Regular Session, 1931, as amended, bonds of said City
<br />
<br />to be known as CITY OF SAN MARCOS FIRE STATION AND EQUIPMENT
<br />REFUNDING BONDS, SERIES OF 1957, be issued in the principal amount
<br />of Eighty-five Thousand ($85,000.00) Dollars, for the purpose of
<br />
<br />refunding, canceling and in lieu of a like amount of outstanding
<br />warrants of said City.
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<br />II.
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<br />That said bonds shall be numbered consecutively from 1 to
<br />85, inclusive, and shall be of the denomination of One Thousand
<br />($1,000.00) Dollars each; shall be dated January 1, 1957, and
<br />
<br />shall become due and payable as follows:
<br />
<br />BOND NUMBERS MATURITY DATES AMOUNTS
<br />1 - 5 January 1, 1963 $5,000
<br />6 - 10 January 1, 1964 5,000
<br />11- - 15 January 1, 1965 5,000
<br />16 - 20 January 1, 1966 5,000
<br />21 - 25 January 1, 1967 5,000
<br />26 - 30 January 1, 1968 5,000
<br />31 - 35 January 1, 1969 5,000
<br />36 - 40 January 1, 1970 5,000
<br />41 - 45 January 1, 1971 5,000
<br />46 - 55 January 1, 1972 10,000
<br />56 - 65 January 1, 1973 10,000
<br />66 - 75 January 1, 1974 10,000
<br />76 - 85 January 1, 1975 10,000
<br />
<br />III.
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<br />The City Council hereby finds and determines that the finan-
<br />cial condition of the City of San Marcos will not permit the
<br />issuance of said bonds in such installments as will make the
<br />
<br />burden of taxation to support the same approximately uniform
<br />throughout the term of said bond issue, save and except as said
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