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<br />ONE OR MORE SERIES OR ISSUES, TO MATURE SERIALLY OR <br />OTHERWISE AND BEAR INTEREST AT SUCH RATE OR RATES, NOT <br />TO EXCEED THE RESPECTIVE LIMITS PRESCRIBED BY LAW AT <br />THE TIME OF ISSUANCE, AND TO BE SOLD AT SUCH PRICE OR <br />PRICES, AS THE CITY COUNCIL IN ITS DISCRETION SHALL <br />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.5 <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 />$2,400,000, FOR THE PUBLIC PURPOSE OF PLANNING, <br />CONSTRUCTING, INSTALLING AND IMPROVING DRAINAGE AND <br />FLOOD CONTROL WORKS AND FACILITIES, AND PURCHASING LAND <br />AND INTERESTS IN LAND AND PROPERTIES NECESSARY <br />THEREFOR; WITH SAID BONDS TO BE ISSUED IN ONE OR MORE <br />SERIES OR ISSUES, TO MATURE SERIALLY OR OTHERWI SE AND <br />BEAR INTEREST AT SUCH RATE OR RATES, NOT TO EXCEED THE <br />RESPECTIVE LIMITS PRESCRIBED 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.6 <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 />$725,000, FOR THE PUBLIC PURPOSE OF CONSTRUCTING, <br />RECONSTRUCTING, AND IMPROVING STREETS, SIDEWALKS, AND <br />RELATED PARKING FACILITIES IN THE CITY'S CENTRAL <br />BUSINESS DISTRICT; WITH SAID BONDS TO BE ISSUED IN ONE <br />OR MORE SERIES OR ISSUES, TO MATURE SERIALLY OR <br />OTHERWISE AND BEAR INTEREST AT SUCH RATE OR RATES, NOT <br />TO EXCEED THE RESPECTIVE LIMITS PRESCRIBED BY LAW AT <br />THE TIME OF ISSUANCE, AND TO BE SOLD AT SUCH PRICE OR <br />PRICES, AS THE CITY COUNCIL IN ITS DISCRETION SHALL <br />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 /> -3- <br />3967f/3 <br />