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<br /> 9S-ff <br /> }1-'IRS'r 8~ COl\II-=>AN1.T <br /> I,\jYE~T:\IEl\:T BANE.EHS <br /> 370 SAN JACINTO CENTER TOWN LAKE <br /> 98 SAN JACINTO BOULEVARD <br /> AUSTIX, TEXAS 7870 I--tO:!!) <br /> MONTY C. NITCHOLAS October 16, 1992 TELEPHONE L5L21 476.4372 <br /> TELE=PY :5121 ."'6.4597 <br /> ""NC'.'C <br /> --- <br />\ Honorable Mayor and City Council <br /> City of San Marcos, Texas <br /> San Marcos, Texas <br /> A rule of the Municipal Securities Rulemaking Board, under which we operate, requires that we advise <br /> you in writing of our intention to bid for our own account or with others for your $4,600,000 General <br /> Obligation Bonds, Series 1992-A and that we have your written consent to do so. <br /> Our financial Advisory Agreement, the Notice of Sale and Oftìcial Statement to be mailed to prospective <br /> bidders and purchasers of your bonds shall state: <br /> "First Southwest Company is employed as Financial Advisor to the Company in <br /> connection with the issuance of the Bonds. The Financial Advisor's fee for services <br /> rendered with respect to the sale of the Bonds is contingent upon the issuance and <br /> ~ <br /> delivery of the Bonds. First Southwest Company may submit a bid for the Bonds, either <br /> independently or as a member of a syndicate organized to submit a bid for the Bonds. " <br /> It would be appreciated if you would indicate your approval by signing this letter in the space provided <br /> below. <br /> Very truly yours, <br /> FIRST SOUTHWEST COMPANY <br />I <br /> MCN:pm 7r;~~~~ <br /> The above is understood and agreed to, and we hereby give our consent, this the 27th day of <br /> October ,1992. <br /> By <br /> ATTrST: .~ <br /> c1b h, 5j2Srw.;) <br /> f/ City Secr ar <br />