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<br /> PROPOSITION NO. 12 <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 />$8,500,000, FOR THE PUBLIC PURPOSE OF CONSTRUCTING, <br />IMPROVING, AND EQUIPPING WATER TREATMENT FACILITIES AND <br />NECESSARY TRANSMISSION LINES AND FACILITIES AND <br />ACQUISITION OF LAND AND INTERESTS IN LAND AND PROPERTY <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 WITH SAID BONDS TO BE SECURED BY AND <br />PAYABLE FROM A LIEN ON AND PLEDGE OF THE NET REVENUES <br />FROM THE OPERATION OF THE CITY'S WATERWORKS AND SEWER <br />SYSTEM? <br /> PROPOSITION NO. 13 <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 />$1,330,000, FOR THE PUBLIC PURPOSE OF CONSTRUCTING AND <br />INSTALLING ADDITIONS, IMPROVEMENTS AND EXTENSIONS TO <br />THE CITY'S COMBINED WATERWORKS AND SEWER SYSTEM; WITH <br />SAID BONDS TO BE ISSUED IN ONE OR MORE SERIES OR <br />ISSUES, TO MATURE SERIALLY OR OTHERWISE AND BEAR <br />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 />WITH SAID BONDS TO BE SECURED BY AND PAYABLE FROM A <br />LIEN ON AND PLEDGE OF THE NET REVENUES FROM THE <br />OPERATION OF THE CITY'S WATERWORKS AND SEWER SYSTEM? <br /> PROPOSITION NO. 14 <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 />$975,000, FOR THE PUBLIC PURPOSE OF IMPROVING, <br />EXTENDING AND EQUIPPING THE CITY'S ELECTRIC LIGHT AND <br />POWER SYSTEM, AS FOLLOWS: RELOCATE ELECTRIC <br />TRANSMISSION LINES AND 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 /> -6- <br />3967f/6 <br />