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initially issued and delivered pursuant to this Ordinance shall be, respectively, substantially as follows, <br />with such appropriate variations, omissions, or insertions as are permitted or required by this <br />Ordinance. <br />FORM OF BONDS <br />(All blanks and any appropriate or necessary insertions or deletions, to be completed as <br />determined by the Pricing Officer in the Pricing Certificate) <br />R- UNITED STATES OF AMERICA PRINCIPAL <br />STATE OF TEXAS AMOUNT <br />CITY OF SAN MARCOS, TEXAS $ <br />GENERAL OBLIGATION REFUNDING BOND, SERIES 2011 <br />[FORM OF FIRST PARAGRAPHS OF CURRENT INTEREST BONDS] <br />INTEREST RATE MATURITY DATE DATE OF BOND CUSIP NO. <br />REGISTERED OWNER: <br />PRINCIPAL AMOUNT: <br />DOLLARS <br />ON THE MATURITY DATE specified above, the CITY OF SAN MARCOS, TEXAS <br />(the "Issuer "), being a political subdivision and municipal corporation of the State of Texas, hereby <br />promises to pay to the Registered Owner specified above, or registered assigns (hereinafter called the <br />"Registered Owner "), the Principal Amount specified above, and to pay interest thereon (calculated <br />on the basis of a 360 -day year of twelve 30 -day months) from * at the Interest Rate per <br />annum specified above, payable on *, and semiannually on each ` and <br />* thereafter to the Maturity Date specified above, or the date of redemption prior to <br />maturity; except that if this Bond is required to be authenticated and the date of its authentication is <br />later than the first Record Date (hereinafter defined), such Principal Amount shall bear interest from <br />the interest payment date next preceding the date of authentication, unless such date of authentication <br />is after any Record Date but on or before the next following interest payment date, in which case such <br />principal amount shall bear interest from such next following interest payment date; provided, <br />however, that if on the date of authentication hereof the interest on the Bond or Bonds, if any, for <br />which this Bond is being exchanged is due but has not been paid, then this Bond shall bear interest <br />from the date to which such interest has been paid in full. Notwithstanding the foregoing, during any <br />*To be completed as determined in the Pricing Certificate. <br />San Marcos GORB 2011 - Delegated: Ordinance 9 <br />