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<br />SectIOn 8 07. Investment Income <br /> <br />Interest and mcome denved from mvestment of any fund created by thIs Ordmance shall be credited <br />to such fund. <br /> <br />ARTICLE IX <br /> <br />PARTICULAR REPRESENTATIONS AND COVENANTS <br /> <br />SectIOn 9 01, Payment of the CertIficates <br /> <br />WhIle any of the CertIficates are outstandIng and unpaid, there shall be made available to the PaYIng <br />Agent/Reglstrar, out of the Interest and SInkIng Fund, money suffiCIent to pay the mterest on and the pnnclpal <br />of the CertIficates, as applicable, as will accrue or mature on each applicable Interest Payment Date <br /> <br />SectIOn 9 02 Other RepresentatIOns and Covenants <br /> <br />(a) The CIty will faithfully perform at all tImes any and all covenants, undertakIngs, stIpulatIOns, <br />and provIsions contamed 10 thIS OrdInance and 10 each CertIficate, the City will promptly payor cause to be <br />paId the pnncIpal of, Interest on, and premiUm, if any, WIth respect to, each CertIficate on the dates and at the <br />places and manner prescribed 10 such CertIficate, and the City will, at the tImes and in the manner prescribed <br />by thIs Ordmance, depOSIt or cause to be depOSIted the alTlounts of money specIfied by thIs Ordinance <br /> <br />(b) The CIty IS duly authonzed under the laws of the State of Texas to Issue the CertIficates, all <br />actIOn on ItS part for the creatIOn and Issuance of the CertIficates has been duly and effectIvely taken, and the <br />CertIficates In the hands of the Owners thereof are and wIll be valId and enforceable obligatIOns of the City In <br />accordance WIth theu terms <br /> <br />SectIon 9 03 No Tax-ExemptIOn. <br /> <br />The CIty does not intend to Issue the CertIficates in a manner such that the CertIficates would <br />constItute an obligatIOn described In sectIOn 103(a) of the Internal Revenue Code of 1986 and all applicable <br />temporary, proposed and final regulatIOns and procedures promulgated thereunder or promulgated under the <br />Internal Revenue Code of 1954, to the extent applicable to the Code The City covenants that It will not file <br />an Internal Revenue Form 8038 or an Internal Revenue Form 8038-G WIth respect to the Certificates <br /> <br />ARTICLE X <br /> <br />DEF AUL T AND REMEDIES <br /> <br />Section 10 01 Events of Default. <br /> <br />Each of the followmg occurrences or events for the purpose of thIs OrdInance IS hereby declared to be <br />an "Event of Default," to-WIt: <br /> <br />(i) the failure to make payment of the prInCipal of or Interest on any of the CertIficates <br />when the SalTle becomes due and payable, or <br /> <br />San Marcos CTRCO 2007A Ordinance <br /> <br />25 <br />