Ord 2004-074 - Laserfiche WebLink

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I-- I I I I "AdditIOnal Parity Obligations" means those obligatIons the City reserves the right to issue on a panty with the Bonds, herein authorized in accordance with the terms and conditions prescribed 111 Section 9 01 hereof "Bond" means any of the Bonds, "Bonds" means the City's bonds entitled "City of San Marcos, Texas, Water and Waste Water System Revenue Refunding and Improvement Bonds, Series 2004A" authorized to be issued by Section 3 .01 of this Ordinance. "Closing Date" means the date ofthe initial delivery of and payment for the Bonds. "Code" means the Internal Revenue Code of 1986, as amended, includll1g appl icable regulations, published rulings and court decisions relating thereto. "Designated Payment/Transfer Office" means (i) with respect to the initial Paying Agent/Registrar named herein, its corporate trust office in Dallas, Texas, and (ii) with respect to any successor Paying Agent/Registrar, the office of such successor designated and located as may be agreed upon by the City and such successor. "Escrow Agent" means IPMorgan Chase Bank. "Escrow Agreement" means the escrow agreement, dated as of November 8, 2004, by and between the City and the Escrow Agent. "Escrow Fund" means the fund referred to in Sections 7 .03(b) and 8.08(a) of this Ordinance and established by the Escrow Agreement to hold cash and securities for the payment of principal of and interest on the Refunded Obligations. "Event of Default" means any Event of Default as defined in Section 11.01 of this Ordinance. "Fiscal Year" means twelve months' period beginning October I of each year and ending September 30 of the succeeding year. "Initial Bond" means the Bond deSCrIbed in Section 3.04(d) and 6.02(d). "I nterest and SlI1king Fund" means the IIlterest and sinking fund provided by Section 8.0 I (b) of this Ordinance D. "Interest Payment Date" means the date or dates upon which interest on the Bonds is scheduled to be paid until the maturity of the Bonds, such dates being February 15 and August 15 of each year commencing August 15, 2005. "Net Revenues" means the gross revenues of the System less the expense of operation and maintenance, including all salaries, labor, materials, repairs and extensions necessary to render efficient serVice, provided, however, that only such repairs and extensions as in the judgment of the City Council, reasonably and fairly exercised, are necessary to keep the System in operation and render adequate service to the City and the inhabitants thereof, or such as might be Ilecessary to meet some physical accident or condition which would otherwise Impair the secul'lty of any special obligations payable from and secured by a lien 011 the net revenues of the System shall be deducted in determining "Net Revenues". "OrdInance" means thiS Ordinance. R 'sail Marcus'WWSSIU U~A\DoCSlOrdillallcc'WW Uld FII"JI "I'd 2