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<br />ANNUAL INTEREST ON SAID BONDS AND PROVIDE A SINKING FUND TO <br />PAY SAID BONDS AT MATURITY? <br /> CITY OF SAN MARCOS <br /> BOND PROPOSITION NO.2 <br />SHALL THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, BE <br />AUTHORIZED TO ISSUE AND SELL THE BONDS OF SAID CITY IN THE <br />AGGREGATE PRINCIPAL AMOUNT OF $4,110,000, FOR THE PURPOSE OF <br />CONSTRUCTING, RECONSTRUCTING AND IMPROVING CITY STREETS <br />AND ACQUIRING LAND AND INTERESTS IN LAND NECESSARY <br />THEREFOR, INCLUDING IMPROVING AND EXTENDING RIVER ROAD, <br />IMPROVING DAVIS STREET, IMPROVING AND EXTENDING AQUARENA <br />SPRINGS DRIVE, AND RECONSTRUCTING AND IMPROVING HOLLAND <br />STREET AND BISHOP STREET; WITH SAID BONDS TO BE ISSUED IN ONE <br />OR MORE SERIES OR ISSUES, TO MATURE SERIALLY OR OTHERWISE <br />AND BEAR INTEREST AT SUCH RATE OR RATES, NOT TO EXCEED THE <br />RESPECTIVE LIMITS PRESCRIBED BY LAW AT THE TIME OF ISSUANCE, <br />AND TO BE SOLD AT SUCH PRICE OR PRICES, AS THE CITY COUNCIL IN <br />ITS DISCRETION SHALL DETERMINE; AND SHALL THERE BE LEVIED <br />AND PLEDGED, ASSESSED AND COLLECTED ANNUALL Y AD VALOREM <br />T AXES ON ALL TAXABLE PROPERTY IN SAID CITY IN AN AMOUNT <br />SUFFICIENT TO PAY THE ANNUAL INTEREST ON SAID BONDS AND <br />PROVIDE A SINKING FUND TO PAY SAID BONDS AT MATURITY? <br /> CITY OF SAN MARCOS <br /> BOND PROPOSITION NO.3 <br />SHALL THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, BE <br />AUTHORIZED TO ISSUE AND SELL THE BONDS OF SAID CITY IN THE <br />AGGREGATE PRINCIPAL AMOUNT OF $1,415,000, FOR THE PURPOSE OF <br />CONSTRUCTING, RECONSTRUCTING AND IMPROVING FURMAN, ALLEN, <br />CLYDE, DELMAR, HAMILTON, MARL TON AND EARLE STREETS IN THE <br />WESTOVER ARE A, INCLUDING THE CONSTRUCTION AND <br />INSTALLATION OF RELATED WATER AND WASTEWATER LINES AND <br />FACILITIES AND DRAINAGE FACILITIES; AND FOR OTHER STREET <br />PROJECTS TO TIIE EXTENT THAT THE PROCEEDS OF SUCH BONDS ARE <br />NOT NEEDED FOR THE FOREGOING PROJECTS; WITH SAID BONDS TO BE <br />ISSUED IN ONE OR MORE SERIES OR ISSUES, TO MATURE SERIALLY OR <br />OTHERWISE AND BEAR INTEREST AT SUCH RATE OR RATES, NOT TO <br />EXCEED THE RESPECTIVE LIMITS PRESCRIBED BY LAW AT THE TIME <br />OF ISSUANCE, AND TO BE SOLD AT SUCH PRICE OR PRICES, AS THE <br />CITY COUNCIL IN ITS DISCRETION SHALL DETERMINE; AND SHALL <br />R:\SAJ> MAR IEO ND ELEC, 98\DOC SIBLE CORD, FN 2 <br />