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TABLE OF CONTENTS Recitals .................,. 0III............. ...11I........... . 11II................... III........... ill..,.... II. II...... ARTICLE I DEFINITIONS AND OTHER PRELIMINARY MATTERS Section 1.01. Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1 Section 1.02. Other Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4 Section 1.03. Findings ...................................... . . . . . . . . . . . . . . . . . .. 4 Section 1.04. Table of Contents, Titles and Headings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4 Section 1.05. Interpretation ..................................................... 4 ARTICLE II SECURITY FOR THE BONDS Section 2.01. Pledge of Revenues for Payment of the Bonds ........................... 4 Section 2.02. Special Obligations ................................................ 5 Section 2.03. Perfection of Security Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 5 ARTICLE ill AUTHORIZATION; GENERAL TERMS AND PROVISIONS REGARDING THE BONDS Section 3.01. Authorization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 5 Section 3.02. Date, Denomination, Maturities, Numbers and Interest .................... 5 Section 3.03. Medium, Method and Place of Payment ................................ 6 Section 3.04. Execution and Initial Registration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 7 Section 3.05. Ownership ....................................................... 7 Section 3.06. Registration, Transfer and Exchange. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 8 Section 3.07. Cancellation and Authentication .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 9 Section 3.08. Replacement Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 9 Section 3.09. Book-Entry Only System . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 10 Section 3.10. Successor Securities Depository; Transfer Outside Book-Entry Only System.. 11 Section 3.11. Payments to Cede & Co . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 11 ARTICLE N REDEMPTION OF BONDS BEFORE MATURITY Section 4.01. Limitation on Redemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 12 Section 4.02. Optional Redemption. ............................................. 12 Section 4.03. Partial Redemption ............................................... 12 Section 4.04. Notice of Redemption to Owners .................................... 12 Section 4.05. Payment Upon Redemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 13 Section 4.06. Effect of Redemption. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 13 ARTICLE V PAYING AGENT/REGISTRAR Section 5.01. Appointment of Initial Paying Agent/Registrar . . . . . . . . . . . . . . . . . . . . . . . . .. 13 Section 5.02. Qualifications........................ . . . . . . . . . . . . . . . . . . . . . . . . . . .. 14 Section 5.03. Maintaining Paying Agent/Registrar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 14 San Marcos WS 2005A: Ordinance I J . J 6.2005