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<br /> NOTICE OF SALE 'll rr
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<br /> BIDDING INSTRUCTIONS
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<br /> $4,600,000
<br /> - CITY OF SAi'll MARCOS, TEXAS
<br /> (Hays County)
<br /> GENERAL OBLIGATION BONDS, SERIES 1992-A
<br /> Selling Monday, November 23, 1992, at 7:30 PM, CST
<br /> THE CITY WILL DESIGNATE THE BONDS AS
<br /> "OUALIFIED TAX-EXEMPT OBLIGATIONS"
<br /> FOR FINA1'1lCIAL INSTITUTIONS
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<br />I THE SALE
<br /> '0 Bonds Offered for Sale at Competirlve Bidding
<br /> The City of San Marcos, Texas (the "City") is offering for sale its $4,600,000 General Obligation Bonds, Series 1992-A (the "Bonds').
<br /> Address of Bids
<br /> Sealed bids, plainly marked "Bid for Bonds', should be addressed and delivered to "Mayor and City Council, City of San Marcos, Texas", and
<br /> delivered to the City Manager at City Hall, 630 East Hopkins, San Marcos, Texas, prior to 7:30 PM, CST, on the date of the bid opening.
<br /> All bids must be submitted on the Official Bid Form, without alteration or interlineation.
<br /> Place and Time of Bid Opening
<br /> The bids for the Bonds will be publicly opened and read in the City Council Chambers of the City Hall at 7:30 PM, CST, Monday, November
<br /> 23, 1992.
<br /> Award of the Bonds
<br /> The City Council will take action to award the Bonds (or reject all bids) at a meeting scheduled to convene II! 7:30 PM, CST, on the date of
<br /> the bid opening, and adopt an ordinance authorizing the Bonds and approving the Official Statement (the "Ordinance').
<br /> THE BONDS
<br /> Description
<br /> The Bonds will be dated December I, 1992 (the "Bond Date"), and interest will be due on February 1, 1993, and each August 1 and February
<br /> I thereafter until the earlier of maturity or prior redemption. The Bonds will be issued only in fully registered form in any integral multiple
<br /> of 55,000 for anyone maturity. The Bonds will mature on August I in each year as follows:
<br /> Principal Principal Principal
<br /> Year Amount Year Amount Year Amount
<br /> 1993 5240,000 1998 5200,000 2004 5250,000
<br />I 1994 155,000 1999 200,000 2005 400,000
<br />! 1995 150,000 2000 225,000 2006 425,000
<br /> 1996 175,000 2001 225,000 2007 550,000
<br /> 1997 175,000 2002 250,000 2008 730,000
<br /> 2003 250,000
<br /> Redemption
<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 principal
<br /> amounts of 55,000 or any integral multiple thereof, on August 1, 2002, or any date thereafter, at the par value thereof plus accrued interest to
<br /> the date fixed for redemption.
<br /> Paying Agent/Registrar
<br /> The Initial Paying AgenúRegistrar shall be the Ameritrust Texas National Association (see "Paying AgenúRegistrar" in Official Statement).
<br /> Source of Payment
<br /> The Bonds are direct and voted general obligations of the City of San Marcos, payable out of the receipts from an ad valorem tax levied, within
<br /> the limits prescribed by law, on all taxable property located within the City, as provided in the Ordinance.
<br /> Further details regarding the Bonds are set forth in the Official Statement.
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