Laserfiche WebLink
<br />ORDINANCE NO. 2007-7 <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, <br />AUTHORIZING THE ISSUANCE AND SALE OF CITY OF SAN MARCOS, TEXAS, <br />COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2007j <br />PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SAID CERTIFICATESj <br />PRESCRIBING THE FORM OF SAID CERTIFICA TESj AWARDING THE SALE THEREOFj <br />APPROVING THE OFFICIAL ST A TEMENTj AND ENACTING OTHER PROVISIONS <br />RELA TING TO THE SUBJECT <br /> <br />WHEREAS, the CIty Council (the "CIty Council") of the CIty of San Marcos, Texas (the "CIty"), by <br />resolutIOn adopted on January 8,2007, dIrected publicatIOn of notIce of the CIty'S mtentIOn to Issue certIficates <br />of obhgatIOn m one or more senes m an aggregate pnncIpal amount not to exceed $23,000,000 of the CIty for <br />the purposes heremafter set forth, <br /> <br />WHEREAS, such notIce was pubhshed m the manner and to the extent reqUIred by law; <br /> <br />WHEREAS, there has not been filed with the CIty Clerk or any other officer of the CIty a petItIOn <br />protesting the Issuance of such certIficates of obhgation and requestmg an election on same, <br /> <br />WHEREAS, It IS affirmatIvely found and determmed that the CIty IS authonzed to proceed WIth the <br />Issuance and sale of such certIficates of obhgatIOn as authonzed by the ConstItutIOn and laws of the State of <br />Texas, mcludmg, partIcularly, Tex. Loc Gov't Code Ann. Ch. 271, subch. C, and Tex. Gov't Code Ch. 1502, <br />and <br /> <br />WHEREAS, It IS offiCIally found, determmed and declared that the meetmg at whIch thIS Ordmance <br />has been adopted was open to the pubhc and pubhc notIce of the date, hour, place and subject of Said meeting, <br />mcludmg thIS Ordmance, was gIven, all as requIred by the apphcable provIsions of Tex. Gov't Code Ann. Ch. <br />551 , Now, Therefore <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS <br /> <br />ARTICLE I <br /> <br />DEFINITIONS AND OTHER PRELIMINARY MATTERS <br /> <br />SectIOn 1 01 DefimtIOns <br /> <br />Unless otherwIse expressly prOVIded or unless the context clearly reqUIres otherwise, m thIS Ordmance <br />the followmg terms shall have the meamngs speCIfied beloW' <br /> <br />"CertIficate" means any of the CertIficates <br /> <br />"CertIficates" means the CIty'S certIficates of obligatIon entItled "CIty of San Marcos, Texas, <br />CombmatIOn Tax and Revenue CertIficates ofObhgatIOn, Senes 2007" authonzed to be Issued by SectIOn 3 01 <br />of thIS Ordmance. <br /> <br />San Marcos CTRCO 2007 Ordinance <br />