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<br />SELECTED DATA FROM THE OmCIAL STATEMENT
<br />
<br />The Jelccted data on thia page is .ubjcct in all respcctl to the mo~ complete information and definition. contained or
<br />incorporated in thiI Official Statement. The offering of the Bondi to potential invc:aton is made only by mean. of thiI entire
<br />Official Statement. No penon is authorized to detach thia data page from thiI Official Statement or to otherwise u.e it without
<br />the entire Official Statement,
<br />
<br />This data page wu prepared to present the purchasers of the Bond. infonnation conc:cming the Bond., the revenues pledged
<br />to payment of the Bondi, the dcacription of the revenue bue and other pertinent data, all u mo~ funy descn'bed herein.
<br />
<br />The Issuer .",..,...
<br />
<br />TheBoods ".....".
<br />
<br />Security for the Bonds .,
<br />
<br />Optional Redemption ..,
<br />
<br />Tax Exemption ...,...
<br />
<br />Use of Bond Proceeds . . .
<br />
<br />Payment Record ......
<br />
<br />Fiscal
<br />Year
<br />Ended
<br />~
<br />1988
<br />1989
<br />1990
<br />1991
<br />1992
<br />
<br />Estimated
<br />City
<br />Population
<br />34,650
<br />36,900
<br />36,864
<br />34,SOO
<br />34,356
<br />
<br />The City of San Marcol, Texas is a po1itica1lubdivision J.ocatcd in HaYI County operating
<br />u a home-role city under the laws of the State of Texas and a charter approved by the voters
<br />in 1967. The City operates under the CouncillManagel' form of government where the mayor
<br />and lix councihnembcn are elected for ltaggered tJu:ee.-ycar te11J1l. The Council formulates
<br />operating policy for the City while the City Manager is the chief administrative officer.
<br />
<br />The City is approximately 17.4 square miles in. area (see Appendix A - -GenerallnformaUon
<br />Regarding the City-).
<br />
<br />The Bonds are being issued in the principal amount of $2,895,000 punuant to the general
<br />laws of the State of Texas, particularly Article 1175, V ATCS, and an Ordinance passed by
<br />the City Council of the City (see -Authority for Issuance-),
<br />
<br />The Bonds constitute direct and voted obligations of the City payable from a continuing ad
<br />valorem tax levied on all taxable property within the City in an amount lufficient to provide
<br />for payment of principal of and interest on all ad valorem ta bonds, within the limits
<br />prescribed by law (see -Security for Bonds-).
<br />
<br />The City reserves the right, at its option, to rcdec:m Bonds having stated maturities on and
<br />after August 1, 2002, in whole or in part in principal amounts of $5,000 or any integral
<br />multiple thereof, on August 1, 2001, or any date thereafter, at the par value then:af plul
<br />accrued interest to the date fixed for redemption (see "Redemption of Bond.").
<br />
<br />In the opinion of Bond Counsel, the interest on the Bonds will be excludable from groSI
<br />income for federal income tax purposes under existing law, subject to the matters dcacribed
<br />under -Tax Exemption" herein, including the alternative minimum tax on corporationa.
<br />
<br />The bond proceeds will be used for (1) construction of a public hbrary; (2) street
<br />improvements, (3) purchase of fire equipment, and (4) paying for the cost of issuance of the
<br />bonds.
<br />
<br />The City has never defaulted.
<br />
<br />Selected Issuer Indices
<br />
<br />Tuable
<br />Asseucd
<br />Valuation
<br />$714,432,857
<br />655,114,637
<br />684,341,049
<br />652,831,326
<br />605,725,571(1)
<br />
<br />Per Capita
<br />Tuable
<br />Assessed
<br />Valuation
<br />S22,639
<br />17,754
<br />18,564
<br />18,923
<br />17,630
<br />
<br />Ratio Funded
<br />Debt to
<br />Tuable
<br />Assessed
<br />Valuation
<br />2.08~
<br />2.40~
<br />2.18~
<br />2.74~
<br />3.31 "
<br />
<br />" of
<br />Total Tax
<br />CoUectiona
<br />99 .SO"
<br />101.25"
<br />99.08~
<br />100.26"
<br />86.20" (3)
<br />
<br />Per Capita
<br />Funded
<br />Tax
<br />Debt
<br />$470.30
<br />425.34
<br />405.41
<br />518.55
<br />601.06
<br />
<br />Funded
<br />Tax
<br />Debt
<br />S16,296,OOO
<br />15,695,000
<br />14,945,000
<br />17,890,000
<br />20,065,000(2)
<br />
<br />(1) After deducting all exemptious and abatements.
<br />(2) Includes "the Bondl-.
<br />(2) Through January 31, 1992.
<br />
<br />4
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