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<br />5.3 X <br /> <br />(a) [Form of Bond] <br /> <br />REGISTERED REGISTERED <br /> <br />No. <br /> <br />$ <br /> <br />CITY OF SAN MARCOS, TEXAS <br />WATERWORKS AND SEWER SYSTEM REVENUE <br />REFUNDING AND l1vlPROVE:MENT BOND <br />SERlES 1995 <br /> <br />INTEREST RATE: <br /> <br />MATURITY DATE: ORIGINAL ISSUE DATE: CUSIP NUNfBER: <br /> <br />July 15, 1995 <br /> <br />The City of San Marcos (the "City") in the Counties of Rays and Caldwell, State of Texas, <br />for value received, hereby promises to pay to <br /> <br />or registered assigns, on the Maturity Date specified above, the sum of <br /> <br />DOLLARS <br /> <br />unless this Bond shall have been sooner called for redemption and the payment of the principal hereof <br />shall have been paid or provision for such payment shall have been made, and to pay interest on the <br />unpaid principal amount hereoffrom the later of the Original Issue Date specified above or the most <br />recent interest payment date to which interest has been paid or provided for until such principal <br />amount shall have been paid or provided for, at the per annum rate of interest specified above, <br />computed on the basis of a 360-day year of twelve 30-day months, such interest to be paid <br />semiannually on January 1 and July 1 of each year, commencing January 1, 1996. <br /> <br /> <br />The principal ofthis Bond shall be payable without exchange or collection charges in lawful <br />money of the United States of America upon presentation and surrender of this Bond at the corporate <br />trust office in Dallas, Texas (the "Designated Payment/Transfer Office"), of the Paying <br />AgentlRegistrar executing the registration certificate appearing hereon, or, with respect to a <br />successor Paying AgentlRegistrar, at the Designated Payment/Transfer Office of such successor. <br />Interest on this Bond is payable by check dated as of the interest payment date, mailed by the Paying <br />Agent/Registrar to the registered owner at the address shown on the registration books kept by the <br />Paying Agent/Registrar or by such other customary banking arrangements acceptable to the Paying <br />AgentlRegistrar, requested by, and at the risk and expense of, the person to whom interest is to be <br />paid. For the purpose of the payment of interest on this Bond, the registered owner shall be the <br />person in whose name this Bond is registered at the close of business on the "Record Date," which <br /> <br />!L'.SAh'M.AR\WWSS1U.'N>OCS\O!U)N~d'17..4, t:F <br /> <br />19 <br />