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<br /> PRELIMINARY DRAFT
<br /> NOTICE OF SALE 4-16-91
<br /> AND DATE:
<br /> BIDDING INSTRUCTIONS
<br /> On
<br /> $3"'j,oOO
<br /> CJTYOF SAN MARCOS. TEXAS
<br /> (Hays County)
<br /> GENERAL OBLIGATION BONDS. SERES 1"1
<br /> Selling Monday. May 20. 1"1, at 7:30 PM, CM
<br /> THE CITY WILL DESIGNATE THE BONDS AS
<br /> "QUA;-IFIED TAX-EXEMPT OBLIGATIONS"
<br /> OR FINANCIAL INSTITUTIONS.
<br /> THE SALE
<br />Bonds Offered for SaJe at Competitive Bidding
<br />The City of San Marcos, Texas (the "City") is offering for sale its $3,595,000 General Obligation Bonds,
<br />Series 1991 (the "Bonds").
<br />Address of Bids
<br />Sealed bids, plainly marked "Bid for Bonds", should be addressed and delivered to "Mayor and City Council,
<br />City of San Marcos, Texas", and delivered to the City Manager at City Hall, 603 East Hopkins,
<br />San Marcos, Texas, prior to 7:30 PM, CDT, on the date of the bid opening. All bids must be submitted on
<br />the Official Bid Form, without alteration or interlineation.
<br />PJace and Time of Bid OpeJÜng
<br />The bids for the Bonds will be publicly opened and read in the City Council Chambers of the City Hall at
<br />7:30 PM, CDT, Monday, May 20,1991.
<br />A ward of the Bonds
<br />The City Council will take action to award the Bonds (or reject all bids) at a meeting scheduled to
<br />convene at 7:30 PM, CDT, on the date of the bid opening, and adopt an ordinance authorizing the Bonds
<br />and approving the Offidal Statement (the "Ordinance").
<br /> THE BONDS
<br />Description
<br />The Bonds will be dated May 1, 1991 (the "Bond Date"), and interest will be due on February 1, 1992, and
<br />each August 1 and February 1 thereafter until the earlier of maturity or prior redemption. The Bonds will
<br />be issued only in fully registered form in any integral multiple of $5,000 for anyone maturity. The Bonds
<br />will mature on August 1 in each year as follows: .
<br /> Principal Principal Pr incipal
<br />X!!! Amount !!:!!: Amount Year Amount
<br />1993 $ 45,000 1998 $1'0,000 2002 $200,000
<br />1994 7',000 1999 175,000 2003 200,000
<br />199' 100,000 2000 17',000 2004 'jO,OOO
<br />1996 12'.000 2001 200.000 20°' 725.000
<br />1997 125,000 2006 7'0,000
<br />Redemption
<br />The City reserves the right, at its option, to redeem Bonds having stated maturities on and .after
<br />August I, 2001, in whole or in part in principal amounts of $5,000 or any integral multiple thereof, on
<br />August 1, 2000, or any date thereafter, at the par value thereof plus accrued interest to the date fixed for
<br />redemption.
<br />Pay ing Agent/Registrar
<br />The initial Paying Agent/Registrar shall be the Ameritrust Texas, N. A., Austin, Texas (see "Bond
<br />Information - Paying Agent/Registrar" in Official Statement).
<br />Source of Payment
<br />The Bonds are direct and voted general obUaations of the City of San Marcos, payable out of the receipts
<br />from an ad valorem tax levied, within the Umits prescribed by Jaw, on all taxable property located within
<br />the City, as provided in the Ordinance.
<br /> -1-
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