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<br /> (a) [Form of Bond] <br /> REGISTERED REGISTERED <br /> No. - $ <br /> <br /> United States of America <br /> state of Texas <br /> Counties of Hays and Caldwell <br /> CITY OF SAN MARCOS, TEXAS <br /> GENERAL OBLIGATION BOND <br /> SERIES 1992 <br /> INTEREST RATE: MATURITY DATE: ORIGINAL ISSUE DATE: CUSIP NUMBER: <br /> April I, 1992 <br /> <br /> The City of San Marcos (the "City") in the Counties of Hays <br /> and Caldwell, State of Texas, for value received, hereby promises to <br /> pay to <br /> or registered assigns, on the Maturity Date specified above, the sum <br /> of <br /> DOLLARS <br /> unless this Bond shall have been sooner called for redemption and <br /> the payment of the principal hereof shall have been paid or <br /> provision for such payment shall have been made, and to pay interest <br /> on the unpaid principal amount hereof from the later of the Original <br /> Issue Date specified above or the most recent interest payment date <br /> to which interest has been paid or provided for until such principal <br /> amount shall have been paid or provided for, at the per annum rate <br /> of interest specified above, computed on the basis of a 360-day year <br /> of twelve 30-day months, such interest to be paid semiannually on <br /> February 1 and August 1 of each year, commencing February 1, 1993. <br /> The principal of this Bond shall be payable without exchange <br /> or collection charges in lawful money of the United States of <br /> America upon presentation and surrender of this Bond at the <br /> corporate trust office in Dallas, Texas (the "Paying Agent/Registrar <br /> Office"), of the Paying Agent/Registrar executing the registration <br /> certificate appearing hereon, or, with respect to a successor Paying <br /> Agent/Registrar, at the Paying Agent/Registrar Office of such <br /> successor. Interest on this Bond is payable by check dated as of <br /> the interest payment date, mailed by the Paying Agent/Registrar to <br /> 4327f <br /> -17- <br />