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actually paId 10 full, no amendment of the provISIOns of thIs Section shall be made without the consent of the registered owner of each CertIficate affected thereby (e) Notwlthstandmg the provIsIons of subsectIOn (a) Immediately above, to the extent that, upon the defeasance of any Defeased CertIficate to be paId at ItS matunty, the CIty retams the nght under Texas law to later call that Defeased CertIficate for redemptIOn 10 accordance wIth the provISIOns of thIs Ordmance, the City may call such Defeased CertIficate for redemptIOn upon complymg with the provlSlons of Texas law and upon the satIsfactIOn of the proVISIOns of subsectIOn (a) immediately above wIth respect to such Defeased Certificate as though It was beIng defeased at the time of the exercIse of the option to redeem the Defeased Bond and the effect of the redemptIOn IS taken into account In determInIng the sufficiency of the provlSlons made for the payment of the Defeased Certificate ARTICLE XII CONTINUING DISCLOSURE OBLIGATION SectIon 12 01 DefimtIOns As used In this ArtIcle, the follOWIng terms have the meanIngs ascribed to such terms below' "MSRB" means the MumcIpal SecuritIes Rulemaking Board. "NRMSIR" means each person whom the SEC or ItS staff has determIned to be a natIOnally recogmzed muniCIpal secuntles InfOrmatIOn reposItory wlthm the meanIng of the Rule from tIme to time "Rule" means SEC Rule I5c2-I2, as alTlended from tIme to tIme "SEC" means the Umted States SecuntIes and Exchange CommISSIon. "SID" means any person deSIgnated by the State of Texas or an authonzed department, officer, or agency thereof as, and determIned by the SEC or ItS staff to be, a state InfOrmatIOn depOSItory WIthin the meanIng of the Rule from tIme to tIme SectIOn 1202 Annual Reports (a) The City shall provide annually to each NRMSIR and any SID, wlthm SIX months after the end of each fiscal year endIng after the date of Issuance of the Certificates, finanCial Information and operatmg data with respect to the City of the general type included in the final OffiCIal Statement authonzed by SectIOn 7 01 (b) of this OrdInance, beIng the InformatIOn described In ExhibIt A hereto Any finanCial statements so to be proVIded shall be (1) prepared In accordance WIth the accountIng pnnclples described in ExhibIt A attached hereto, or such other accountIng pnnclples as the CIty may be requued to employ from tIme to tIme pursuant to state law or regulatIOn and (2) audIted, if the CIty commiSSIOns an audIt of such statements and the audIt IS completed WIthIn the penod during which they must be proVIded. If the audIt of such finanCIal statements IS not complete WIthin such penod, then the CIty shall proVIde unaudIted finanCIal statements by the requued time and shall proVIde audIted finanCIal statements for the applicable fiscal year to each NRMSIR and any SID, when and If the audIt report on such statements becomes available San Marcos CTRCO 2007A. Ordinance 28