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<br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br /> <br />I <br /> <br />Section 1. That the bonds of said City, to be called GENERAL <br /> <br />OBLIGATION PARK BONDS, SERIES 1972-A, be issued under and by virtue <br /> <br />of the Constitution and laws of the State of Texas and the Charter <br /> <br />of said City, in the total principal sum of Two Hundred Thousand <br />Dollars ($200,000); for the purpose of purchasing lands to be used <br />for park purposes for said City. <br />Section 2. That said Bonds shall be dated March 1, 1972, and <br />shall be numbered consecutively from 1 to 40, inclusive, of the <br />denomination of Five Thousand Dollars ($5,000) each, aggregating <br />Two Hundred Thousand Dollars ($200,000); and shall bear interest <br />from date until the principal sum shall be paid as follows: <br /> <br />I <br /> <br />YEARS BONDS MATURING <br />(Inclusive) <br /> <br />1979 and 1980 <br /> <br />1981 and 1982 <br /> <br />1983 <br /> <br />INTEREST RATE <br />( Per Annum) <br /> <br />4.50% <br /> <br />4.20% <br /> <br />4.25% <br /> <br />such interest to be evidenced by proper coupons attached to each <br />of said Bonds and to be due and payable March 1, 1973, and semi- <br />annually thereafter on September 1 and March 1 in each year. <br />Section 3. That said Bonds shall become due and payable on <br /> <br />March 1 in each of the years as follows: <br /> <br />MATURITY DATES <br />(Inclusi ve) <br /> <br />I. <br /> <br />1979 <br />1980 <br />1981 <br />1982 and 1983 <br /> <br />AMOUNTS <br />(per year) <br /> <br />$10,000 <br /> <br />50,000 <br /> <br />40,000 <br /> <br />50,000 <br /> <br />Section 4. That principal of and interest on said Bonds shall <br /> <br />be payable in lawful money of the United States of America, at the <br /> <br />- 2 - <br />