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<br />I <br /> <br />The holders of bonds shall look only to the funds estab- <br />lished by the Indenture for the payment of the obligation <br />evidenced thereby and by the attached interest coupons. <br /> <br />None of the bonds constitute a debt of the State, the <br />City of San Marcos, the Issuer or of any other political sub- <br />division or agency of this State or a pledge of the faith and <br />credit of any of them, but such bonds and interest thereon shall <br />be payable solely from the said revenues and funds which are <br />pledged to such purpose in the Indenture. Neither Issuer or any <br />political subdivision or agency of the State shall be obligated <br />to pay the same or the interest thereon from any other source; <br />neither the faith and credit nor the taxing power of the State, <br />the City of San Marcos or any political subdivision or agency <br />thereof is pledged to the payment of the principal of or the <br />interest on such bonds. <br /> <br />PASSED AND APPROVED, this the J l tl day of j~u~JJu":::~' <br />I D <br /> <br />" r,,^~jl \f ~ .NJ-k~ <br />Ma~, City of an Marcos <br /> <br />1980. <br /> <br />ATMT: . Ii - <br />~~ . /IA ~)'-- <br />City Secretary, <br />Ci ty of San Marcos <br /> <br />I <br /> <br />I <br />