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<br /> <br /> <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, AUTHORIZING THE ISSUANCE AND SALE OF <br />CITY OF SAN MARCOS, TEXAS, COMBINATION TAX AND <br />REVENUE CERTIFICATES OF OBLIGATION, SERIES 1988, IN THE <br />AGGREGATE PRINCIPAL AMOUNT OF $1,340,000, PRESCRIBING <br />THE FORM OF SAID CERTIFICATES; PROVIDING FOR THE <br />SECURITY FOR AND PAYMENT OF SAID CERTIFICATES; <br />AWARDING THE SALE THEREOF; APPROVING THE OFFICIAL <br />STATEMENT; AND ENACTING OTHER PROVISIONS RELATING <br />TO THE SUBJECT; AND DECLARING AN EMERGENCY <br /> <br />WHEREAS, this City Council, by resolution adopted on January 25, 1988, <br />directed publication of notice of the intention of the City of San Marcos, Texas (the <br />"City") to issue a maximum principal amount of not exceeding $1,340,000 <br />certificates of obligation of the City for the purposes hereinafter set forth; <br /> <br />WHEREAS, such notice was published in the manner and to the extent <br />required by law; <br /> <br />WHEREAS, there has not been filed with the City Secretary or any other <br />officer of the City a petition protesting the issuance of such certificates of <br />obligation and requesting an election on same; and <br /> <br />WHEREAS, it is affirmatively found that this City Council is authorized to <br />proceed with the issuance and sale of such certificates of obligation as authorized <br />by the Constitution and laws of the State of Texas, particularly Subchapter C of <br />Chapter 271, V.T.c.A. Local Government Code; Now, Therefore <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br />ARTICLE I <br /> <br />DEFINITIONS AND OTHER PRELIMINARY MATTERS <br /> <br />Section 1.01. Definitions. <br /> <br />Unless otherwise expressly provided or unless the context clearly requires <br />otherwise, in this Order the following terms shall have the meanings specified below: <br /> <br />"Certificate" means any of the Certificates. <br /> <br />"Certificates" means the City's certificates of obligation entitled "City of <br />San Marcos, Texas, Combination Tax and Revenue Certificates of Obligation, Series <br />1988" in the aggregate principal amount of $1,340,000 authorized to be issued by <br />Section 3.01 of this Ordinance. <br />