01081968 Regular Meeting - Laserfiche WebLink

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Section 7. That the form of said bonds shall be substantially as follows: I NO._ $5,000 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF HAYS CITY OF SAN MARCOS, TEXAS, GENERAL OBLIGATION REFUNDING BOND SERIES 1968 KNOW ALL MEN BY THESE PRESENTS: That the City of San Marcos, in the County of Hays, State of Texas, a municipal corporation duly incorporated under the laws of the State of Texas, FOR VALUE RECEIVED, hereby promises to pay to the bearer hereof on the 1st day of March, 19_, the sum of FIVE THOUSAND DOLLARS I ($5,000.00), in lawful money of the United States of America, with interest thereon from date hereof at the rate of four and one-half per cent (4-1/2%) per annum, interest payable March 1, 1968, and I semi-annually thereafter on September 1st and March 1st in each year, principal and interest payable, without exchange or collection charges to the owner or holder hereof, upon presentation and surrender of bond or proper coupon at The American National Bank of Austin, Austin, Texas, and the City of San Marcos is hereby held and firmly bound, and its faith and credit and all real and personal property in said City are hereby pledged for the prompt payment of the prin- cipal of this bond and the interest thereon at maturity. This bond is one of a series of 39 bonds, numbered from 1 to 39, inclusive, in the denomination of Five Thousand Dollars ($5,000.00) each, aggregating One Hundred Ninety-five Thousand Dollars ($195,000.00), issued for the purpose of refunding, can- celing and in lieu of a like par amount of valid and subsisting outstanding indebtedness of said City of San Marcos, under and by virtue of the Constitution and laws of the State of Texas, including