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<br />NEW ISSUE
<br />
<br />OFFICIAL STATEMENT
<br />Dated Mardl 23, 1992
<br />
<br />In the opinion of Bond Counsel, interelt on the Bonds will be excludable from 11'011 income for federal income tax PUrpo'CI
<br />under existing law, .ubject to the matters dcacribed under "Tax Exemption" herein, including the alternative minimum tax on
<br />corporationa.
<br />
<br />$2,895,000
<br />CITY OF SAN MARCOS, TEXAS
<br />(Hays County)
<br />GENERAL OBLIGATION BONDS, SERIES 1m
<br />
<br />Dated: AprU 1,1992
<br />
<br />Due: August I, as shown below
<br />
<br />Interest on the $2,895,000 City of San Marco., Texu (the "City") General Obligation Bond., Serica 1992 (the "Bonds") will
<br />accrue from the dated date as shown above and will be payable February 1 and Auguat 1 of each year, commencing February
<br />I, 1993, and will be calculated on the basis of a 36O-day year of twclvc 3G-day months. Thc definitive Bonds will be ia.ucd
<br />only as fully registered bonds in the denomination of $5,000 or any integral multiple thereof.
<br />
<br />These Bonds were authorized at elections held on various dates, (and) are d~ and voted general obligations of the City,
<br />payable from an ad valorem tax levied, within the limits prescribed by law, on all taxable property located within the City, as
<br />provided in the ordinancc authorizing the Bonds (the "Ordinancc") (see" Authority for Issuancc").
<br />
<br />The initial Paying AgentlRegistrar shall be the Ameritrust Texu, National Association, Dallas, Texas (ICe "Paying
<br />AgentlRegistrar").
<br />
<br />Proceeds from the sale of the Bonds will be used for (1) Construction of a public library, (2) improvements to eity strcetl,
<br />(3) the purchase of fire equipment and (4) paying for the cost of issuancc of the Bonds,
<br />
<br />MATURITY SCHEDULE
<br />
<br />Amount
<br />$ 45,000
<br />100,000
<br />125 ,000
<br />125,000
<br />150,000
<br />150,000
<br />175,000
<br />175,000
<br />
<br />Maturitv
<br />8-1-1993
<br />8-1-1994
<br />8-1-1995
<br />8-1-1996
<br />8-1-1997
<br />8-1-1998
<br />8-1-1999
<br />8-1-2000
<br />
<br />Rate
<br />
<br />Price
<br />or
<br />Yield
<br />
<br />Maturitv
<br />8-1-2001
<br />8-1-2002
<br />8-1-2003
<br />8-1-2004
<br />8-1-2005
<br />8-1-2006
<br />8-1-2007
<br />
<br />Amount
<br />$ 175,000
<br />175,000
<br />200,000
<br />225,000
<br />300,000
<br />325 ,000
<br />450,000
<br />
<br />Price
<br />or
<br />Rate ~
<br />
<br />The City reserves the right, at its option, to redeem Bonds having stated maturities on and after August 1, 2002, in whole or
<br />in part in principal amounts of $5,000 or any integral muhiple thereof, on August 1, 2001, or any date thereafter, at the par
<br />value thereof plus accrued interest to the date fixed for redemption (see "Redemption of Bonds").
<br />
<br />The presently outstanding tax supported debt of the City is rated "A" by Moody's Investors Servicc, Inc. ("Moody's") and "A"
<br />by Standard & Poor's Corporation ("S&P"). Requests for ratinga for the Bonds have been made to both rating services (ace
<br />"Ratings").
<br />
<br />The Bonds are offered for delivery when, &I and if issued and received by the purchaser(s) and subject to the approving opinion
<br />of the Attorney General of the State of Texas and of Hutchison Boyle Brooks & FlSher, a Profcssional Corporation, Bond
<br />Counsel, Austin, Texu. The legal opinion will be printed on the Bonds (see Appendix C, "Form of Bond Counsel's Opinion").
<br />
<br />It is expected that the Bonds will be eligible for delivery through the Depository Trust Company ("DTC"). It will be the
<br />obligation of the purchaser of the Bonds to complete and file the DTC Eligtbility Questionnaire.
<br />
<br />Delivery: ADticlpated 08 Ol' about May U, 1m
<br />
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