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<br />PRELIMINARY DRAF'X
<br />DATE: :? - I 3-,fs2::.-
<br />
<br />NOTICE OF SALE
<br />AND
<br />BIDDING INSTRUCTIONS
<br />Oa
<br />
<br />$2,895,000
<br />CITY OF SAN MARCOS, TEXAS
<br />(Hayl County)
<br />GENERAL OBLIGATION BONDS, SERIES 1992
<br />
<br />SeIIioa Monday, April 21, 1992, at 7:30 PM. CDT
<br />
<br />THE SALE
<br />
<br />Boods OfFered for Sale at Competitil'e BiddiDa
<br />
<br />The City of San Marcoa, TeDs (the 'City") is offering for sale j1a $1,S95 ,000 Genem Obligation Bond', Serie. 1991 (the 'Bond.").
<br />
<br />Address of Bids
<br />
<br />Sealed bids, plainly marked 'Bid for Bonda', ..ould be addrellCd and delivered to 'Mayor and City Council, City of San Marco., Texas', and
<br />delivered to the City Manager at City Hall, 603 East Hopkins, San Marcoa, Texa., prior to 7:30 PM, CDT, on the date of the bid opening.
<br />All bids must be IUbmitted on the Official Bid Form, without alteration or interlineation.
<br />
<br />Place and Time of Bid 0peaiDg
<br />
<br />The bid. for the Bond. will be publicly opened and read in the City Council Chambera of the City Hall at 7:30 PM, CDT, Monday, April 17,
<br />1991.
<br />
<br />Award of the Bonds
<br />
<br />The City Council will take action to award the Bond. (or reject an bid.) at a meeting scheduled to convene at 7:30 PM, CDT, on \he date of
<br />the bid opening, and adopt IA ordinance authorizing the Bonds and approving the Official Statement (the .Ordinance").
<br />
<br />THE BONDS
<br />
<br />Description
<br />
<br />The Bonds win be dated April 1, 1991 (the .Bond Date.), and interest will be due on Febnwy 1, 1993, and each August I and FebnJary 1
<br />thereafter until the earlier of maturity or prior redemption. The Bonds will be iswed only in funy registered form in any integral multiple of
<br />$5,000 for anyone maturity. The Bonds will mature on August 1 in each year as fonow.:
<br />
<br /> Principal Principal Principal
<br />Year Amount Year Amount Year Amount
<br />1993 $ 45,000 1998 $150,000 2003 $200,000
<br />1994 100,000 1999 175,000 2004 225,000
<br />1995 125,000 2000 175,000 2005 300,000
<br />1996 115,000 2001 175,000 2006 315,000
<br />1991 150,000 2002 175,000 2007 450,000
<br />ReclemptioD
<br />
<br />The City reservea the riJht, at ita option, to redeem Bonds having stated maturities on and after Augua I, 2002, in whole or in part in principal
<br />amaunta of $5,000 or lAY integral multiple thereof, on August 1, 2001, or any date thereafter, at the par value thereofplusacctucd intereat to
<br />the date fixed for redcmptioo.
<br />
<br />PayiDc AleotJReaistrar
<br />
<br />The Ini~ Paying AgentlRepmr lIhaII be the Ameritrult Texu N.A., AuItin, Texu, (_ wPayiDg Agent1Regiltrarw in Official Statement).
<br />Source of Paymeut
<br />
<br />The Bond. are direct and voted general obligations of the City of San Marcoa, payable out of the reuip1a from an ad valorem tax levied, within
<br />the limits prescnDed by law. on all taxable property located within the City, II provided in the Ordinance.
<br />
<br />Fur1her details regarding the Bond. are set for1h in the Official Statement,
<br />
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