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<br /> J
<br /> OFF1CIAL STATEl\ŒNT }1~6f
<br /> Dated May 10, 1993
<br /> NEW ISSUE - Book-Entry-Only Ratings
<br /> Moody's: "Aaa"
<br /> S&P: "AM"
<br /> (l\ffiIA Insured - See
<br /> "Bond Information -
<br /> Bond Insurance" and
<br /> "Other Information -
<br /> Ratings" herein)
<br /> In the opinion of Bond Counsel. interest 0.1 the Bonds will be excludable from gross income for federal income tax purposes under
<br /> existing law, subject to the matters described under "Tax Exemption" herein, including the alternative minimum tax on corporations.
<br /> $3,415,000
<br /> CITY OF SA1~ MARCOS, TEXAS
<br /> (Hays County)
<br /> GENERAL OBLIGATION REFUNDING BONDS, SERIES 1993
<br /> Dated: May 1, 1993 Due: August 1, as shown below
<br /> Interest on the $3,415,000 City of San Marcos, Texas General Obligation Refunding Bonds, Series 1993 (the "Bonds") will accrue from
<br /> the dated date as shown above and will be payable February I and August I of each year, commémcing August I, 1993, and will be
<br /> calculated on the basis of a 360-day year of twelve 30-day months. The City of San Marcos, Texas (the "City") intends to utilize the
<br /> Book-Entry-Only System of The Depository Trust Company ("DTC"), but reserves the right on its behalf or on the behalf of DTC to
<br /> discontinue such system: Such Book-Entry-Only System will affect the method and timing of payment and the method of transfer. See
<br /> "Bond Information - Book-Entry-Only System" herein.
<br /> The Bonds are issued pursuant to the Constitution and general laws of the State of Texas, particularly Article 717k, Vernon's Annotated
<br /> Texas Civil StatUtes,as amended, ("V A TCS"), and an ordinance (the "Ordinance") passed by the City Council of the City, and are direct
<br /> obligations of the City payable from a continuing ad valorem tax levied, within the limits prescribed by law, on all taxable property
<br /> located within the City in an amount sufficient to provide for payment of principal of and interest on all ad valorem tax bonds, including
<br /> the Bonds, as provided in the Ordinance (see "Bond Information - Security for Bonds").
<br /> The initial Paying Agent/Registrar for the Bonds shall be Ameritrust Texas National Association (see "Bond Information - Paying
<br /> Agent/Registrar").
<br /> Proceeds from the sale of the Bonds will be used to refund a portion of the City's outstanding general obI igation bonds in order to lower
<br /> the overall annual debt service requirements of the City and to pay the costs of issuance related to the Bonds.
<br /> MalA
<br /> Payment of the principal of and interest on the Bonds when due will be insured by a municipal bond guaranty insurance policy to be
<br /> issued by the Municipal Bond Investors Assurance Corporation simultaneously with the delivery of the Bonds.
<br /> MATURITY SCHEDULE
<br /> Principal ,
<br /> Amount MatUritv ~ Yield Amount Maturity Rate Yield
<br /> S 80,000 1993 2.40% 2.40% $ 400,000 1999 4.45% 4.60%
<br /> 60 ,000 1994 2.65% 2.65% 410,000 2000 4.70% 4.80%
<br /> 60.000 1995 3.60% 3.60% 425.000 2001 4.80% 4.90%
<br /> 235,000 1996 4.00% 4.00% 440,000 2002 4.90% 5.05%
<br /> 250,000 1997 4.10% 4.20% 480,000 2003 5.00% 5.20%
<br /> 260,000 1998 4.25% 4.40% 315,000 2004 5.10% 5.30%
<br /> (Accrued Interest from May I, 1993 to be added)
<br /> The City reserves the right, at its option, to redeem Bonds having stated matUrities on and after August I. 2002, in whole or in part
<br /> in principal amounts of $5,000 or any integral multiple thereof, on August I, 200 I, or any date thereafter, at the par value thereof plus
<br /> accrued inter"st to the date tixed for redemption (see "Bond Information - Redemption of Bonds").
<br /> The Bonds are offered for delivery when. as and if issued and received by the Underwriters and subject to the approving opinions of
<br /> the Attorney General of the State of Texas and of Hutchison Boyle Brooks & Fisher, A Professional Corporation, Bond Counsel. Austin
<br /> and Dallas, Texas. The legal opinion of Bond Counsel will be printed on or attach"d to the Bonds (see Appendix C - "Form of Bond
<br /> Counsel's Opinion"). Certain legal matters will also he passed upon for the Underwriters by Vinson & Elkins L. L. P.. Houston and
<br /> Austin, Texas, Counsel for the Underwriters.
<br /> It is expected that the Bonds will he tendered for delivery to the initial Underwriters through The DTC on June 15. 1993.
<br /> THE PRINCIPAL/EpPLER, GUERIN & TURNER, INC.
<br /> l\1ASTERSON MORELAND SAUER WHISMAN, INC. PRUDENTIAL SECURITIES INCORPORATED
<br />
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