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<br />ASSESSED AND COLLECTED ANNUALLY AD VALOREM TAXES ON ALL <br />TAXABLE PROPERTY IN SAID CITY IN AN AMOUNT SUFFICIENT <br />TO PAY THE ANNUAL INTEREST ON SAID BONDS AND PROVIDE A <br />SINKING FUND TO PAY SAID BONDS AT MATURITY? <br /> PROPOSITION NO.2 <br /> <br />SHALL THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS, BE AUTHORIZED TO ISSUE AND SELL THE BONDS OF <br />SAID CITY IN THE AGGREGATE PRINCIPAL AMOUNT OF <br />$3,000,000, FOR THE PUBLIC PURPOSE OF CONSTRUCTING, <br />IMPROVING AND EQUIPPING POLICE HEADQUARTERS AND <br />TRAINING FACILITIES FOR SAID CITY; WITH SAID BONDS TO <br />BE ISSUED IN ONE OR MORE SERIES OR ISSUES, TO MATURE <br />SERIALLY OR OTHERWISE AND BEAR INTEREST AT SUCH RATE OR <br />RATES, NOT TO EXCEED THE RESPECTIVE LIMITS PRESCRIBED <br />BY LAW AT THE TIME OF ISSUANCE, AND TO BE SOLD AT SUCH <br />PRICE OR PRICES, AS THE CITY COUNCIL IN ITS DISCRETION <br />SHALL DETERMINE; AND SHALL THERE BE LEVIED AND PLEDGED, <br />ASSESSED AND COLLECTED ANNUALLY AD VALOREM TAXES ON ALL <br />TAXABLE PROPERTY IN SAID CITY IN AN AMOUNT SUFFICIENT <br />TO PAY THE ANNUAL INTEREST ON SAID BONDS AND PROVIDE A <br />SINKING FUND TO PAY SAID BONDS AT MATURITY? <br /> PROPOSITION NO.3 <br /> <br />SHALL THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS, BE AUTHORIZED TO I SSUE AND SELL THE BONDS OF <br />SAID CITY IN THE AGGREGATE PRINCIPAL AMOUNT OF <br />$2,135,000, FOR THE PUBLIC PURPOSE OF CONSTRUCTING, <br />IMPROVING AND EQUIPPING A NEW CENTRAL PUBLIC LIBRARY <br />FOR SAID CITY; WITH SAID BONDS TO BE ISSUED IN ONE OR <br />MORE SERIES OR ISSUES, TO MATURE SERIALLY OR OTHERWISE <br />AND BEAR INTEREST AT SUCH RATE OR RATES, NOT TO EXCEED <br />THE RESPECTIVE LIMITS PRESCRI~ED BY LAW AT THE TIME OF <br />ISSUANCE, AND TO BE SOLD AT SUCH PRICE OR PRICES, AS <br />THE CITY COUNCIL IN ITS DISCRETION SHALL DETERMINE; AND <br />SHALL THERE BE LEVIED AND PLEDGED, ASSESSED AND <br />COLLECTED ANNUALLY AD VALOREM TAXES ON ALL TAXABLE <br />PROPERTY IN SAID CITY IN AN AMOUNT SUFFICIENT TO PAY <br />THE ANNUAL INTEREST ON SAID BONDS AND PROVIDE A SINKING <br />FUND TO PAY SAID BONDS AT MATURITY? <br /> PROPOSITION NO.4 <br />SHALL THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS, BE AUTHORIZED TO ISSUE AND SELL THE BONDS OF <br />SAID CITY IN THE AGGREGATE PRINCIPAL AMOUNT OF <br />$480,000, FOR THE PUBLIC PURPOSE OF IMPROVING, <br />RENOVATING, AND EQUIPPING THE CITY"S EXISTING PARKS AND <br />RECREATION FACILITIES; WITH SAID BONDS TO BE ISSUED IN <br /> -2- <br />3967f/2 <br />