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<br /> 70 <br /> RESOLUTION 1995-107R <br />A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, AUTHORIZING FIRST SOUTHWEST COMP AL'fY TO <br />PROCEED WITH INVESTIGATION AND PRELIl\ifINAR Y <br />ARRANGEMENTS FOR THE ISSUANCE BY THE CITY OF REFUNDING <br />AND CONSTRUCTION BONDS <br />WHEREAS, the City Council of the City of San Marcos, Texas, has been advised by First <br />Southwest Company, the City's fInancial advisor, that market conditions may permit the City to <br />refund its outstanding waterworks and sewer system revenue bonds, in conjunction with the <br />issuance of construction bonds, and to refund certain of its outstanding general obligation bonds, <br />and achieve debt service savings, debt restructuring, and revision of revenue bond covenants in <br />connection with such refunding; and <br />WHEREAS, the City Council has detennined that it will be in the best interests of the City <br />for First Southwest Company to proceed as hereinafter provided; Now, Therefore <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br />First Southwest Company, in its capacity as the City's fInancial advisor, is hereby <br />authorized to investigate the possibilities of, and make such preliminary anangements as it may <br />deem necessary and appropriate for, the issuance by the City of waterworks and sewer system <br />revenue refunding and construction bonds and general obligation refunding bonds. <br />PASSED AND APPROVED this 12th day of June , 19 95. <br /> <br /> .. <br />ATIEST: <br />C7jj ~¿ ~~¿J <br />Citý Secretary, City of San Marcos, Texas <br />[SEAL] <br />&:ISA. 'IMAR\wwss>."MR., r DOCS"FSW.1ŒS <br />