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<br />NOTICE OF SALE
<br />AND
<br />BIDDING INSTRUCTIONS
<br />On
<br />
<br />PRELIMINARY DRAFT
<br />DATE: .3 -/3 - ~..~
<br />
<br />$1,050,000
<br />CITY OF SAN MARCOS, TEXAS
<br />(Hays COUDty)
<br />WATERWORKS AND SEWER SYSTEM
<br />REVENUE BONDS, NEW SERIES 1992
<br />
<br />SeDiua Monday, April 27 , 1992, at 7:30 PM, CDT
<br />
<br />THE SALE
<br />
<br />Bonds Offered for Sale at Competitive Biddina
<br />
<br />The City of San Marcos, Texas (the .City.) is offering for sale its $1,050,OOOWaterworks and Sewer System Revenue Bonds, New Series 1992
<br />(the .Bonds.).
<br />
<br />Address of Bids
<br />
<br />Sealed bids, plainly marked .Bid for Bonds., should be addressed and defivered to "Mayor and City Council, City of San Marcos, Texas., and
<br />defivered to the City Manager at City Hall, 603 Bast Hopkins, San Marcos, Texas, prior to 7:30 PM, CDT, on the date of the bid opening.
<br />All bids must be submitted on the Official Bid Fonn, without alteration or interlineation.
<br />
<br />Place and Time of Bid Opening
<br />
<br />The bids for the Bonds will be pubficly opened and read in the City Council Chambers of the City Hall at 7:30 PM, CDT, Monday, April 27,
<br />1992.
<br />
<br />Award of the Bonds
<br />
<br />The City Council will tske action to award the Bonds (or reject all bids) at a meeting scheduled to convene at 7:30 PM, CDT, on the date of
<br />the bid opening, and adopt an ordinance authorizing the Bonds and approving the Official Ststement (the "Ordinance").
<br />
<br />THE BONDS
<br />
<br />Description
<br />
<br />The Bonds will be dated April 1, 1992 (the "Bond Date"), and interest will be due on January 1, 1993, and each July 1 and January 1 thereafter
<br />until the earlier of maturity or prior redemption. The Bonds will be issued only in fully registered fonn in any integral multiple of $5,000 for
<br />anyone maturity. The Bonds will mature on January 1 in each year as follows:
<br />
<br /> Principal Principal Principal
<br />Year Amount Year Amount Year Amount
<br />1993 $ 25,000 1998 $ 50,000 2002 $ 50,000
<br />1994 50,000 1999 50,000 2003 75,000
<br />1995 60,000 2000 50,000 2004 100,000
<br />1996 65,000 2001 50,000 2005 175,000
<br />1997 50,000 2006 200,000
<br />Redemption
<br />
<br />The City reserves the right, at its option, to redeem Bonds having stated maturitiea on and after January 1, 2002, in whole or in part in principal
<br />amounts of $5,000 or any integral multiple thereof, on January 1, 2001, or any date thereafter, at the par value thereof plus accrued interest
<br />to the date fixed for redemption.
<br />
<br />Paying AgeotJRegistrar
<br />
<br />The Initial Paying AgentlRegistrar shall be the Ameritrost Texas N.A., Austin, Texas, (see "Paying AgentlRegistrar" in Official Ststement).
<br />
<br />Sonrce of Payment
<br />
<br />The Bonds are payable, both as to principal and interest, solely from and secured by a subordinate fien on and a pledge of the Net Revenues
<br />of the System after payment of maintenance and operating expenses, and the debt service on the Prior Lien Bonds.
<br />
<br />Further details regarding the Bonds are set forth in the Official Ststement.
<br />
<br />-i-
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