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<br /> PROPOSITION NO.2 <br /> <br /> SHALL THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS, BE AUTHORIZED TO ISSUE AND SELL THE BONDS OF <br /> SAID CITY IN THE AGGREGATE PRINCIPAL AMOUNT OF <br /> $4,500,000, FOR THE PUBLIC PURPOSE OF CONSTRUCTING AND <br /> EQUIPPING A MULTI-PURPOSE COMMUNITY/CONVENTION CENTER <br /> AND ACQUIRING LAND AND INTERESTS IN LAND NECESSARY FOR <br /> SUCH PURPOSE; WITH SAID BONDS TO BE ISSUED IN ONE OR <br /> MORE SERIES OR ISSUES, TO MATURE SERIALLY OR OTHERWISE <br /> AND BEAR INTEREST AT SUCH RATE OR RATES, NOT TO EXCEED <br /> THE RESPECTIVE LIMITS PRESCRIBED BY LAW AT THE TIME OF <br /> ISSUANCE, AND TO BE SOLD AT SUCH PRICE OR PRICES, AS <br /> THE CITY COUNCIL IN ITS DISCRETION SHALL DETERMINE; AND <br /> SHALL THERE BE LEVIED AND PLEDGED, ASSESSED AND <br /> COLLECTED ANNUALLY AD VALOREM TAXES ON ALL TAXABLE <br /> PROPERTY IN SAID CITY IN AN AMOUNT SUFFICIENT TO PAY <br /> THE ANNUAL INTEREST ON SAID BONDS AND PROVIDE A SINKING <br /> FUND TO PAY SAID BONDS AT MATURITY? <br /> PROPOSITION NO. 3 <br /> <br /> SHALL THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS, BE AUTHORIZED TO ISSUE AND SELL THE BONDS OF <br /> SAID CITY IN THE AGGREGATE PRINCIPAL AMOUNT OF <br /> $200,000, FOR THE PUBLIC PURPOSE OF IMPROVING THE <br /> CITY'S AIRPORT AS FOLLOWS: CONSTRUCTING AND EQUIPPING <br /> AIRCRAFT HANGARS; WITH SAID BONDS TO BE ISSUED IN ONE <br /> OR MORE SERIES OR ISSUES, TO MATURE SERIALLY OR <br /> OTHERWI SE AND BEAR INTEREST AT SUCH RATE OR RATES, NOT <br /> TO EXCEED THE RESPECTIVE LIMITS PRESCRIBED BY LAW AT <br /> THE TIME OF ISSUANCE, AND TO BE SOLD AT SUCH PRICE OR <br /> PRICES, AS THE CITY COUNCIL IN ITS DISCRETION SHALL <br /> DETERMINE; AND WITH SAID BONDS TO BE SECURED BY AND <br /> PAYABLE FROM A LIEN ON AND PLEDGE OF REVENUES FROM THE <br /> CITY'S AIRPORT AND AIRPORT FACILITIES? <br /> Section 3. Precincts and Pollino Places on Election Day. <br /> <br /> The election precincts and polling places for said election on <br />election day shall be and are hereby established and designated in <br />Exhibit A attached hereto, which is incorporated herein by reference <br />and made a part of this Ordinance for all purposes. <br /> Section 4. Early Voting Pollino Places. <br /> (a) The City Hall, 630 East Hopkins Street, San Marcos, <br />Texas 78666 (which place is also the address for early voting by <br />mail) is hereby designated as the Main Early Voting Polling Place <br />for said election. <br /> -2- <br />4304f/2 <br />