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<br />traffic signal light system and necessary curb and sidewalk installa- <br />tion; and which bonds were duly approved by the Attorney General on <br />January 26,1968, (#9722, Book #43), registered by the state Comp- <br />II troller of Public Accounts (Register No. 38345), sold and delivered; <br />and <br /> <br />WHEREAS, the City Council now deems it advisable and to the <br />best interest of said City to issue at this time $500,000.00 <br />additional bonds so authorized at said election for the above men- <br /> <br />tioned purpose; 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 "CITY OF <br />SAN MARCOS, TEXAS, GENERAL OBLIGATION BONDS, SERIES 1968-A", be <br />issued under and by virtue of the Constitution and laws of the state <br />of Texas and the Charter of said City, in the total principal amount <br />of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00), for the purpose of <br /> <br />I <br /> <br />constructing street improvements in said City, including the purchase <br />and installation of a synchronized traffic signal light system and <br />necessary curb and sidewalk installation. <br />Section 2. That said bonds shall be dated March 1, 1968, <br />shall be numbered consecutively from 1 to 100, inclusive, of the <br />denomination of Five Thousand Dollars ($5,000.00) each, aggregating <br />Five Hundred Thousand Dollars ($500,000.00); and shall bear interest <br />from date until paid as follows: Bonds numbered 1 to 60, inclusive, <br />at the rate of five per cent (5%) per annum, Bonds numbered 61 to <br />80, inclusive, at the rate of four and eighty-five-hundredths per cent <br />(4.85%) per annum, and Bonds numbered 81 to 100, inclusive, at the <br />rate of four and ninety-hundredths per cent (4.90%) per annum, <br />such interest to be evidenced by proper coupons attached to each of <br />said bonds and to be due and payable March 1, 1969, and semi- <br />annually thereafter on September 1st and March 1st in each year. <br />Section 3. That principal of and interest on said bonds <br />shall be payable in lawful money of the United states of America <br />at The American National Bank of Austin, Austin, Texas, without <br /> <br />I <br />