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<br />I <br /> <br />said bonds as one series of General Obligation Bonds in the aggre. <br />gate principal amount of $200,000.00; therefore, <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br /> <br />Section 1. That the bonds of said City, to be called "CtTY <br />OF SAN MARCOS, TEXAS, GENERAL OBLIGATION BONDS, SERIES 1968", be <br />issued under and by virtue of the Constitution and laws of the <br />State of Texas and the Charter of said City. in the total prin- <br />cipal. amount of TWO HUNDRED THOUSAND DOLLARS ($200.000.00); of <br />which bonds $35,000.00 shall be issued for the purpose/of con- <br />structing street improvements in s~id City. including the purchase <br />and in~tallation of a synchronized traffic signal light system and <br />necessary curb and sidewalk installation, and $165,000.00 shall <br />be issued for the purpose of constructing and equipping a public <br />building to be used as a fire station in said City. <br />Section 2. That said bonds shall be dated January 1, 1968. <br />II shall be numbered consecutively from 1 to 40, inclusive, of the <br />denomination of Five Thousand Dollars ($5.000.00) each. aggregating <br /> <br />.- <br /> <br />Two Hundred Thousand.Dollars ($200.000.00); and shall bear interest <br /> <br />from date until paid at the rate of four and three-fourths per <br /> <br />cent (4-3/4%) per annum, such interest to be evidenced by proper <br /> <br />coupons attached to each of said bonds and to be due and payable <br />January 1, 1969, and semi-annually thereafter on July 1st and <br /> <br />January 1st in each year. <br /> <br />Section 3. That principal of and interest on said bonds <br /> <br />shall be payable in lawful money of the United States of America <br /> <br />at The American National Bank of Austin. Austin. Texas, without <br />exchange or collection charges to the owner or holder. upon <br />11 presentation and surrender of bonds or proper coupons. <br /> <br /> Section 4. That said bonds shall mature serially as follows: <br />BOND NUMBERS MATURITY DATES AMOUNTS <br />(Inclusive) <br />1 - 3 January 1. 1975 $15,000 <br />4 - 10 January 1, 1976 35,000 <br />11 . 17 January 1, 1977 35.000 <br />18 - 24 January 1, 1978 35.000 <br />25 - 36 January 1. 1979 60.000 <br />37 - 40 January 1. 1980 20.000 <br />