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<br /> PROPOSITION NO.7 <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 />$4,600,000, FOR THE PUBLIC PURPOSE OF CONSTRUCTING, <br />RECONSTRUCTING AND IMPROVING STREETS IN SAID CITY, <br />PROVIDING DRAINAGE IN CONNECTION THEREWITH, AND <br />PURCHASING LAND AND INTERESTS IN LAND AND PROPERTIES <br />NECESSARY THEREFOR; 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 /> PROPOSITION NO.8 <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 />$1,500,000, FOR THE PUBLIC PURPOSE OF CONSTRUCTING, <br />RECONSTRUCTING AND IMPROVING STREETS IN SAID CITY, AS <br />FOLLOWS: GENERAL STREET OVERLAY PROGRAM; WITH SAID <br />BONDS TO BE ISSUED IN ONE OR MORE SERIES OR ISSUES, TO <br />MATURE SERIALLY OR OTHERWISE AND BEAR INTEREST AT SUCH <br />RATE OR RATES, NOT TO EXCEED THE RESPECTIVE LIMITS <br />PRESCRIBED BY LAW AT THE TIME OF ISSUANCE, AND TO BE <br />SOLD AT SUCH PRICE OR PRICES, AS THE CITY COUNCIL IN <br />ITS DISCRETION SHALL DETERMINE; AND SHALL THERE BE <br />LEVIED AND PLEDGED, ASSESSED AND COLLECTED ANNUALLY AD <br />VALOREM TAXES ON ALL TAXABLE PROPERTY IN SAID CITY IN <br />AN AMOUNT SUFFICIENT TO PAY THE ANNUAL INTEREST ON SAID <br />BONDS AND PROVIDE A SINKING FUND TO PAY SAID BONDS AT <br />MATURITY? <br /> PROPOSITION NO.9 <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 $70,000, <br />FOR THE PUBLIC PURPOSE OF CONSTRUCTING, RECONSTRUCTING <br />AND IMPROVING STREETS IN SAID CITY, AND PURCHASING LAND <br />AND INTERESTS IN LAND AND PROPERTY NECESSARY THEREFOR, <br />AS FOLLOWS: HOPKINS STREET BICYCLE LANE; WITH SAID <br />BONDS TO BE ISSUED IN ONE OR MORE SERIES OR ISSUES, TO <br /> -4- <br />3967f/4 <br />