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<br />NE VI ISSUE OFFICIAL STATEMENT
<br /> Dated April 22, 1991
<br />In the opinion of Bond Counsel, interest on the Bonds will be excludable from gross income for federal
<br />income tax purposes under existing law, subject to the matters described under "Tax Exemption" herein,
<br />including the alternative minimum tax on corporations.
<br /> THE CITY WILL DESIGNATE THE BONDS AS
<br /> "QUALIFIED TAX-EXEMPT OBLIGATIONS"
<br /> FOR FINANCIAL INSTITUTIONS
<br /> $3,595,000
<br /> CITY OF SAN MARCOS, TEXAS
<br /> (Hays County)
<br /> GENERAL OBLIGATION BONDS, SERIES 1991
<br />Dated: May 1, 1991 Due: August 1, as shown below
<br />Interest on the $3,595,000 City of San Marcos, Texas (the "City") General Obligation Bonds, Series 1991
<br />(the "Bonds") will accrue from the dated date as shown above and will be payable February 1 and August 1
<br />of each year, commencing February 1, 1992, and will be calculated on the basis of a 360-day year of
<br />twelve 30-day months. The definitive Bonds will be issued only as fully registered bonds in the
<br />denomination of $5,000 or any integral multiple thereof.
<br />These Bonds were authorized at elections held on various dates, and are direct and voted general
<br />obligations of the City, payable from an ad valorem tax levied, within the limits prescribed by law, on all
<br />taxable property located within the City, as provided in the ordinance authorizing the Bonds (the
<br />"Ordinance") (see "Bond Information - Authority for Issuance").
<br />The initial Paying Agent/Registrar shall be Ameritrust Texas, N. A., Austin, Texas (see "Bond
<br />Information - Paying Agent/Registrar").
<br />Proceeds from the sale of the Bonds will be used for (1) the construction and equipping of a City police
<br />facility, (2) the design and construction of a library, (3) the purchase of firefighting equipment, (If) making
<br />various City park improvements, and (5) paying for the costs of issuance of the Bonds.
<br /> MATURITY SCHEDULE
<br /> Price Price
<br /> or or
<br />Amount Maturity Rate Yield Amount Maturity Rate Yield
<br />$ 1f5,000 8-1-1993 $175,000 8-1-2000
<br />75,000 8-1-1991f 200,000 8-1-2001
<br />100,000 8-1-1995 ZOO,OOO 8-1-2002
<br />125,000 8-1-1996 200,000 8-1-2003
<br />125,000 8-1-1997 550,000 8-1-2001f
<br />150,000 8-1-1998 725,000 8-1-2005
<br />175,000 8-1-1999 750,000 8-1-2006
<br />The City reserves the right, at its option, to redeem Bonds having stated maturities on and after
<br />August 1, 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
<br />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.
<br />("Moody's") and "A" by Standard & Poor's Corporation ("S&P"). Requests for ratings for the Bonds have
<br />been made to both rating services (see "Other Relevant Information - Ratings").
<br />The Bonds are offered for delivery when, as and if issued and received by the purchaser(s) and subject to
<br />the approving opinion of the Attorney General of the State of Texas and of Hutchison Boyle Brooks &
<br />Fisher, A Professional Corporation, Bond Counsel, Austin, Texas. The legal opinion will be printed on the
<br />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").
<br />It will be the obligation of the purchaser of the Bonds to complete and file the DTC Eligibility
<br />Questionnaire.
<br /> Delivery: Anticipated on or about June 18, 1991
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