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<br />NEW ISSUE
<br />
<br />OFFICIAL STATEMENT
<br />
<br />Dated March 23,1992
<br />
<br />In the opinion of Bond Counsel, interest on the Bonds will be excludable from gross income for federal income tax purposes
<br />under existing law, subject to the matters described under "Tax Exemption" here.in, including the alternative minimum tax on
<br />corporations.
<br />
<br />$1,050,000
<br />CITY OF SAN MARCOS, TEXAS
<br />(Hays County)
<br />WATERWORKS AND SEWER SYSTEM
<br />REVENUE BONDS, NEW SERIES 1992
<br />
<br />Dated: April 1, 1992
<br />
<br />Due: January 1, as shown below
<br />
<br />Interest on the $1,050,000 City of San Marcos, Texas (the "City") Waterworks and Sewer System Revenue Bonds, New Series
<br />1992 (the "Bonds") will accrue from the dated date as shown above and will be payable January 1 and July 1 of each year,
<br />commencing January 1, 1993, and will be calculated on the basis of a 36O-day year of twelve 30-day months. The definitive
<br />Bonds will be issued only as fully registered bonds in the denomination of S5,OOO or any integral multiple thereof.
<br />
<br />These Bonds were authorized at an election held on April 7, 1984, and will constitute special obligations of the City, as provided
<br />in the ordinance authorizing the Bonds (the "Ordinance") (see" Authority for Issuance").
<br />
<br />The Bonds are issued pursuant to the general laws of the State of Texas, particularly Articles 1111, et scq., V ATCS, and an
<br />ordinance (the "Ordinance") passed by the City Council, and are. special obligations of the City payable, both as to principal
<br />and interest, solely from and secured by a subordinate lien on and pledge of the Net Revenues of the City's Waterworks and
<br />Sewer System. The City bas not covenanted nor obligated itself to pay the Bonds from monies raised or to be raised from
<br />taxation (see "Authority for Issuance").
<br />
<br />The initial Paying Agent/Registrar shall be the Ameritrust Texas, National Association, Dallas, Texas (see "Paying
<br />AgentIRegistrar") .
<br />
<br />Proceeds from the sale of the Bonds will be used for the construction of various water and sewer lines in the City, and paying
<br />the costs of issuance incurred with the issuance of the Bonds.
<br />
<br />MATURITY SCHEDULE
<br />
<br />Amount
<br />$ 25,000
<br />50,000
<br />60,000
<br />65,000
<br />50,000
<br />50,000
<br />50,000
<br />
<br />Maturity
<br />1-1-1993
<br />1-1-1994
<br />1-1-1995
<br />1-1-1996
<br />1-1-1997
<br />1-1-1998
<br />1-1-1999
<br />
<br />Rate
<br />
<br />Price
<br />or
<br />Yield
<br />
<br />Maturity
<br />1-1-2000
<br />1-1-2001
<br />1-1-2002
<br />1-1-2003
<br />1-1-2004
<br />1-1-2005
<br />1-1-2006
<br />
<br />Amount
<br />$ 50,000
<br />50,000
<br />50,000
<br />75,000
<br />100,000
<br />175,000
<br />200,000
<br />
<br />Price
<br />or
<br />~~
<br />
<br />The City reserves the right, at its option, to redeem Bonds having stated maturities on and after January 1,2002, in whole or
<br />in part in principal amounts of $5,000 or any integral multiple thereof, on January 1, 2001, or any date thereafter, at the par
<br />valuc thereof plus accrued interest to the date fixed for redemption (see "Redemption of Bonds").
<br />
<br />The presently outstanding Waterworks and Sewer System Revenue debt of the City is rated "A" by Moody's Investors Service,
<br />Inc. ("Moody's") and "A-" by Standard &; Poor's Corporation ("S&.P"). Requests for ratings for the Bonds have been made
<br />to both rating services (see "Ratings").
<br />
<br />The Bonds are offered for delivery when, as and if issued and received by the purcbaser(s) and subject to the approving opinion
<br />of the Attorney General of the State of Texas and of Hutchison Boyle Brooks &; Fisher, a Profesaional Corporation, Bond
<br />Counsel, Austin, Texas. 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 Eligibility Questionnaire.
<br />
<br />Delivery: Anticipated on or about May 26, 1992
<br />
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