|
<br />OFFICIAL STATEMENT
<br />
<br />//~)~
<br />
<br />NEW ISSUE
<br />
<br />INTEREST EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES
<br />
<br />NEI1 ISSUE
<br />
<br />I
<br />
<br />Dated: March I, 1968
<br />
<br />$500,000
<br />CITY OF SAN MARCOS, TEXAS
<br />(Hays County)
<br />General Obligation Bonds
<br />Series 1968-A
<br />
<br />Denomination: $5,000
<br />
<br />Principal and semi-annual interest (March I and September 1)
<br />payable at the American National Bank of Austin, Austin, Texas.
<br />First interest coupon payable March I, 1969,
<br />
<br />I
<br />
<br />~
<br />
<br />$50,000
<br />50,000
<br />50,000
<br />50,000
<br />50,000
<br />50,000
<br />50,000
<br />50,000
<br />50,000
<br />50,000
<br />
<br />MATURITY SCHEDULE
<br />
<br />Coupon
<br />
<br />Maturity
<br />
<br />~
<br />
<br />%
<br />-%
<br />~
<br />-%
<br />~%
<br />~
<br />~
<br />~
<br />-%
<br />-,
<br />-
<br />
<br />*Bonds maturing March I, 1986 through March I, 1990 in-
<br />clusive, are optional for prior redemption on March I,
<br />1985, or on any interest payment date thereafter, at
<br />par and accrue d in te rest,
<br />
<br />THESE BONDS are a portion of a total amount of $1,325,000 various purpose
<br />general obligation bonds, authorized at an election held on September 27,
<br />1966, and will constitute direct and general obligations of the City of
<br />San Marcos, Texas; payable from ad valorem taxes levied against all tax-
<br />able property located therein, within the limits prescribed by law.
<br />($200,000 of this authorization previously issued, $500.000 this issue,
<br />$625,000 remain authorized but unissued.)
<br />
<br />%
<br />-%
<br />~
<br />~
<br />-%
<br />-~
<br />--%
<br />~
<br />-%
<br />
<br />~
<br />
<br />3-1-81
<br />3-1-82
<br />3-1-83
<br />3-1-84
<br />3-1-85
<br />3-1-86*
<br />3-1-87*
<br />3-1-88*
<br />3-1-89*
<br />3-1-90*
<br />
<br />PURPOSE: Proceeds from the sale of these bonds are to be used to pay
<br />the cost of street improvements within the City.
<br />
<br />LEGALITY:
<br />
<br />PAYMENT RECORD: The City of San Marcos, Texas, has never defaulted.
<br />
<br />Messrs. Gibson Spence & Gibson. Attorneys, Austin, Texas
<br />and the Attorney General of the State of Texas.
<br />
<br />When, as and if issued; anticipated on or about April I, 1968.
<br />
<br />DELIVERY:
<br />
<br />I
<br />
<br />FINANCIAL STATEMENT
<br />(1-31-68)
<br />
<br />1967 Actual Valuation--------------------------------
<br />1967 Assessed Valuation (60% of actual)--------------
<br />Total Debt (including this issue)--------------------
<br />LESS: Applicable interest & sinking fund--$ 54,088
<br />Self Supporting Debt---------------- 219,000**
<br />
<br />NET DEBT---------------------------------------------
<br />
<br />RATIO OF NET DEBT TO ASSESSED VALUATION--------------
<br />
<br />$36,918,725
<br />22,1511235
<br />1,485,000*
<br />
<br />273,088
<br />
<br />1,211,912
<br />
<br />5.47%
<br />
|