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<br /> -. 10 Zit
<br /> PRELIMINARY OFFICIAL STATEMENT fDRA~r
<br /> Dared May 11, 1995
<br /> NEW ISSUE - Book-Entry-Only Ratings: Moody's:"_"
<br /> S&P:" ..
<br /> Fitch: .. ---=.
<br /> Insured:
<br /> (see "Bond Insurance" and
<br /> "Other Relevant
<br /> Information-Ratings"
<br /> herein)
<br /> --- In the opinion of Bond Counsel, interest on the Bonds will be excludable ÍÌOm gross income for federal income tax purposes
<br /> i
<br /> ! under existing law, subject to the matters described under "Other Relevant Information - Tax Exemption" herein, including the
<br /> ¡ alternative minimum tax on corporations.
<br /> !
<br /> Sl1,240, 000.
<br /> CITY OF SAN MARCOs, TEXAS
<br /> (Hays County)
<br /> GENERAL OBLIGATION REFUNDING BONDs, SERIES 1995
<br /> Dared: July 15, 1995 Due: August 1, as shown below
<br /> Interest on the 511,240,000* City of San Marcos, Texas General Obligation Refunding Bonds, Series 1995 (the "Bonds") will
<br /> accrue .tram the dated date as ShO""l1 above and vriIl be payable February 1 and August 1 of each year, commencing February 1,
<br /> 1996, and will be calculated on the basis of a 360-day year of twelve 30-day months. The Bonds are initially issuable only to
<br /> Cede & Co., the nominee of The Depository Trust Company ("DTC") pursuant to the Book-Entry-Only System described
<br /> herein. Beneficial ownersrup of the Bonds may be acquired in denominations of $5,000 or integral multiples thereof. No
<br /> physical delivery of the Bonds wiIl be made to the purchasers thereQf. Principal of, premilUIl, if any, and interest on the
<br /> Bonds vriil be payable by the Paying Agent/Registrar to Cede & Co., which ""ill make distribution of the amounts SQ paid to the
<br /> beneficial owners of the Bonds. See "BOND INFORMATION - Book-Entry-Only System" herein.
<br /> The Bonds are issued pursuant to the Constitution and the general laws of the State of Texas, particularly Articlès 717k and
<br /> 1175, Vernon's Annotated Texas Civil Statutes ("VATCS"), and an ordinance (the "Ordinance'\) passed by the City Council,
<br /> and are direct and voted general obligations of the City of San Marcos, Texas (the "City") payable .trom continuing ad valorem
<br /> tax levied on all taxable property vrithin the City, in an amount sufficient to provide for the payment of principal of and interest
<br /> on all ad valorem tax indebtedness vrithin the limits prescribed by law (see "BOND INFOR..'\1ATION - Authority for
<br /> Issuance").
<br /> The initial Paying Agent/Registrar shall be Texas Commerce Bank National Association., Austin., Texas (see "BOND
<br /> INFORMATION -Paying Agent/Registrar").
<br /> Proceeds ÍÌOm the sale of the Bonds vriil be used to refmance portions of the City's Series 1991, Series 1992 and Series 1992-A
<br /> General Obligation Bonds, Series 1988 Combination Ta.x & Revenue Certificates of Obligation, Series 1987 Combination Ta.x
<br /> ; & Revenue Refunding Bonds and Series 1987 Certificates of Obligation (see "PLAN OF FINANCING - Purpose" and
<br /> \ "SCHEDULE I - Schedule of Refunded Bonds"), and to pay the costs of issuance associated with the Bonds.
<br /> MATURITY S eRE D ULE.
<br /> Amount Maturitv Rate Price Amount Maturity Rate Price
<br /> S 2003 S 2006
<br /> 2004 2007
<br /> 2005
<br /> The City reserves the right, at its option., to redeem Bonds that remain outstanding in advance of their scheduled maturities, in
<br /> whole or in part in principal amounts of $5,000 or any integral multiple thereof, on August 1,2004, or any date thereafter, at
<br /> the par value thereof plus accrued interest to the date fixed for redemption (see "BOND INFORMATION ~ Redemption of
<br /> Bonds").
<br /> The Bonds are offered for delivery when., as and if issued and received by the Underwriters and subject to the approving
<br /> opinion of the Attorney General of the State of Texas and of Fisher & Newsom., P.C., Bond Counsel, Austin, Texas. The legal
<br /> opinion vrill be printed on or attached to the Bonds (see APPENDIX C, "Form of Bond Counsel's Opinion"). Certain legal
<br /> matters vriIl alSQ be passed upon for the Underv.riters by . LLP., -----" Texas. It is expected that the
<br /> Bonds vriil be tendered for delivery to the Underv.riters through DTC. Delivery is anticipated on or about August 22, 1995.
<br /> UNDERWRITER
<br /> -Preliminary, subject to change.
<br />
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