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<br />59-f <br /> <br />I <br /> <br />personal property in said City are hereby pledged for the prompt <br />payment of the principal of this Bond and the interest thereon <br />at maturity. <br />This is one of a series of 62 Bonds, numbered consecutively <br />from 1 to 62, inclusive, of the denomination of Five Thousand <br />Dollars ($5,000) each, aggregating Three Hundred Ten Thousand <br />Dollars ($310,000), of which the sum of $90,000 is for the pur- <br />pose of refunding, cancelling and in lieu of valid and subsisting <br />general obligations of the City of San Marcos, Texas, and for <br />which the sum of $100,000 is for the purpose of constructing and <br />equipping a public building to be used as a civic center in said <br />City and for which the sum of $120,000 is for the purpose of con- <br />structing and equipping a public building to be used as a city <br />hall in said City, and this Bond is issued under and in strict <br />conformity with the Constitution and laws of the State of Texas, <br />and in pursuance of an ordinance duly passed by the City Council <br />of the City of San Marcos, Texas, and duly recorded in the Minutes <br />of said City Council. <br />The date of this Bond, in conformity with the ordinance above <br />mentioned, is February 1, 1974. <br />The City reserves the right to redeem Bonds maturing 1993 <br />to 1995, inclusive, in whole or any part thereof, on February 1, <br />1992, or any interest payment date thereafter, at par and accrued <br />interest; provided that at least thirty (30) days prior to any <br />interest payment date upon which any of said Bonds are to be <br />redeemed, notice of redemption shall be published once in a <br />financial journal published in the State of Texas, and shall <br />have been signed by the City Secretary and filed with the banks <br />of payment and should any Bond or Bonds not be presented for re- <br />demption pursuant to such notice, the same shall cease to bear <br />interest from and after the date so fixed for redemption. Funds <br />sufficient to redeem any Bonds so called for redemption shall be <br />deposited with said bffilliE prior to the date fixed for their re- <br />demption. <br /> <br />I <br /> <br />I <br /> <br />~ <br /> <br />- 6 - <br />