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<br />l1~b <br /> <br />I <br /> <br />bonds being approved by the Attorney General of Texas (4-1-68, <br />No. 9833, Book No. 43); registered by the Comptroller of Public <br />Accounts of the State of Texas (Register No. 38467), and duly <br />sold and delivered; and <br />WHEREAS, the City Council deems it advisable and to the best <br />interest of said City to issue and sell the remaining $205,000 of <br />said bonds so authorized at said election; and <br />WHEREAS, the City Council considers the passage of this Or- <br />dinance necessary for the preservation of the public peace, <br />property, health, and safety of said City and its inhabitants; <br /> <br />therefore, <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br /> <br />I I <br /> <br />Section 1. That the bonds of said City, to be called CITY OF <br />SAN MARCOS, TEXAS, GENERAL OBLIGATION BONDS, SERIES 1973, be issued <br />under and by virtue of the Constitution and laws of the State of <br />Texas and the Charter of said City, in the total principal sum of <br />Two Hundred Five Thousand Dollars ($205,000); for the purpose of <br />constructing street improvements in said City, including the pur- <br />chase and installation of a synchronized traffic signal light <br />system and necessary curb and sidewalk installation. <br />Section 2. That said bonds shall be dated October I, 1973, <br />and shall be numbered consecutively from 1 to 41, inclusive, of <br />the denomination of Five Thousand Dollars ($5,000) each, aggre- <br />gating Two Hundred Five Thousand Dollars ($205,000); and shall <br />bear interest from date until the principal sum shall be paid <br />as follows: <br /> <br />I <br /> <br />YEARS BONDS MATURING <br />{InclUSive) <br /> <br />1976 to 1978 <br />1979 to 1984 <br />1985 <br />1986 <br />1987 to 1988 <br /> <br />INTEREST RATE <br />{Per Annum) <br /> <br />6.40% <br />4.40% <br />4.50% <br />4.55% <br />4.60% <br /> <br />- 2 - <br />