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<br />I <br /> <br />I <br /> <br />I <br /> <br />ORDINANCE NO <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 2005, <br />PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SAID CERTIFICATES, <br />PRESCRIBING THE FORM OF SAID CERTIFICATES, AWARDING THE SALE THEREOF, <br />APPROVING THE OFFICIAL STATEMENT, AND ENACTING OTHER PROVISIONS <br />RELATING TO THE SUBJECT <br /> <br />WHEREAS, the City Council (the "City Council") of the City of San Marcos, Texas (the "City"), <br />by resolution adopted on November 1, 2005, directed publication of notice of the City's intention to issue <br />a maximum principal amount not to exceed $6,225,000 certificates of obhgation of the CIty for the purposes <br />hereinafter set forth, <br /> <br />WHEREAS, such notice was published in 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 obligation and requesting an election on same; <br /> <br />WHEREAS, it is affirmatively found and determmed that the CIty IS authorized to proceed WIth the <br />Issuance and sale of such certificates of obligation as authOrIzed by the Constitution and laws of the State <br />of Texas, including, partIcularly, Tex, Loc. Gov't Code Ann. ch. 271, subch. C, and Tex. Gov't Code ch. <br />1502, and <br /> <br />WHEREAS, it is officially found, determmed and declared that the meeting at which thIS Ordinance <br />has been adopted was open to the pubhc and public notice of the date, hour, place and subject of said <br />meeting, includmg this Ordmance, was given, all as required by the applicable provisions of Tex. Gov't Code <br />Ann. ch, 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 Definitions. <br /> <br />Unless otherWIse expressly provided or unless the context clearly requires otherwise, in this <br />Ordinance 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 obhgatIon entitled "City of San Marcos, Texas, <br />CombinatIOn Tax and Revenue Certificates ofObhgation, Series 2005" authorized to be Issued by Section <br />3 01 of this Ordmance <br /> <br />San Marcos CTRCO 2005 Ord 12-07 2005 <br />