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<br />ORDINANCE NO. 2007-8 <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 />COMBINA TION TAX AND REVENUE CERTIFICATES OF OBLIGA TION, TAXABLE SERIES <br />2007Aj PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SAID CERTIFICATESj <br />PRESCRIBING THE FORM OF SAID CERTIFICATESj 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, duected pubhcatiOn of notice of the City'S 1OtentiOn to issue certificates <br />of obhgatiOn 10 one or more senes 10 an aggregate pr10cipal amount not to exceed $23,000,000 of the City for <br />the purposes here10after set forth, <br /> <br />WHEREAS, such notice was pubhshed 10 the manner and to the extent reqmred 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 obligatiOn and request10g an electiOn on SalTle, <br /> <br />WHEREAS, it is affirmatively found and determ10ed 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, 1Oclud1Og, 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, determ10ed and declared that the meet10g at which thiS Ord1Oance <br />has been adopted was open to the pubhc and pubhc notice of the date, hour, place and subject of saId meet1Og, <br />includ10g thiS Ord1Oance, was given, all as requued by the apphcable provlSlons 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, 10 thiS Ord1Oance <br />the follow1Og terms shall have the mean10gs speCified beloW' <br /> <br />"Certificate" means any of the Certificates I <br /> <br />"Certificates" means the City'S certificates! of obhgatiOn entitled "City of San Marcos, Texas, <br />Comb1Oation Tax and Revenue Certificates of ObhgatiOn, Taxable Senes 2007 A" authorized to be issued by <br />SectiOn 3 01 of this Ord1Oance <br /> <br />San Marcos CTRCO 2007A. Ordinance <br />