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<br /> C¡S-I
<br />NEW ISSUE' OFFICIAL STATEMENT
<br /> Dated October 26, 1992
<br />In the opinion of Bond Counsel, interest on the Bonds will be excludable from gross income for federal income tax purposes under existing
<br />law, subject to the matters described under "Other Relevant Information - Tax Exemption" herein, including the alternative minimum tax
<br />on corporations.
<br /> THE CITY WILL DESIGNATE THE BONDS AS
<br /> 'OUALIFIED TAX-EXEMPT OBLIGATIONS'
<br /> FOR FINANCIAL INSTITUTIONS
<br /> $4,600,000
<br /> CITY OF SAN r-.IARCOS, TEXAS
<br /> (Hays County)
<br /> GENERAL OBLIGATION BONDS, SERIES 1992-A
<br />Dated: December 1, 1992 Due: August 1, as shown below
<br />Interest on the $4,600,000 City of San Marcos, Texas (the "City.) General Obligation Bonds, Series 1992-A (the "Bonds") will accrue from
<br />the dated date lIS shown above and will be payable February 1 and August 1 of each year, commencing February 1, 1993, and will be
<br />calculated on the basis of a 36O-day year of twelve 3O-day months. The definitive Bonds will be issued only as fully registered bonds in
<br />the denomination of S5,000 or any integral multiple thereof.
<br />These Bonds were authorized at an election held on May 2, 1992, and are direct and voted general obligations of the City, payable from
<br />an ad valorem tax levied, within the limits prescribed by law, on all taxable property located within the City, as provided in the ordinance
<br />authorizing the Bonds (the "Ordinance") (see 'Bond Information - Authority for Issuance").
<br />The initial Paying AgentlRegistrar shall be the Ameritrust Texas National Association (see "Bond Information - Paying AgentlRegistrar").
<br />Proceeds from the sale of the Bonds will be used for (I) preparation and implementation of a master drainag.splan, (2) rehabilitation of city
<br />streets and (3) paying for the cost of issuance of the Bonds.
<br /> ~1ATlŒUTYSCHEDULE
<br /> Price Price
<br /> or or
<br />Amount Maturity Rate Yield Amount Maturity Rate Yield
<br />S 240,000 8-1-1993 S 225,000 8-1-2001
<br />155,000 8-1-1994 250,000 8-1-2002
<br />150,000 8-1-1995 250,000 8-1-2003
<br />175,000 8-1-1996 250,000 8-1-2004
<br />175,000 8-1-1997 400,000 8-1-2005
<br />200,000 8-1-1998 , 425,000 8-1-2006
<br />200,000 8-1-1999 550,000 8-1-2007
<br />225,000 8-1-2000 730,000 8-1-2008
<br />The City reserves the right, at its option, to redeem Bonds having stated maturities on and after August 1,2003, in whole or in part in
<br />principal amounts ofS5,OOO or any integral multiple thereof, on August 1,2002, or any date thereafter, at the par value thereof plus accrued
<br />interest to the date fixed for redemption (see "Bond Information - Redemption of Bonds").
<br />The presently outstanding tax supported debt of the City is rated. A" by Moody's Investors Service, Inc. ("Moody's") and . A. by Standard
<br />& Poor's Corporation ("S&P"). Requests for ratings for the Bonds have been made to both rating services (see "Other Relevant Information
<br />- Ratings').
<br />The Bonds are offered for delivery when, lIS and if issued and received by the purchaser(s) and subject to the approving opinion of the
<br />Attorney General of the State of Texas and of Hutchison Boyle Brooks & Fisher, a Professional Corporation, Bond Counsel, Austin, Texas.
<br />The legal opinion will be printed on the Bonds (see Appendix C, "Form of Bond Counsel's Opinion").
<br />It is expected that the Bonds will be eligible for delivery through the Depository Trust Company ("DTC"). It will be the obligation of the
<br />purchaser of the Bonds to complete and file the DTC Eligibility Questionnaire.
<br /> Delivery: Anticipated on or about December 22, 1992
<br />
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