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Ord 2004-074
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Ord 2004-074
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Last modified
9/18/2007 4:18:48 PM
Creation date
8/27/2007 9:05:20 AM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2004-74
Date
11/8/2004
Volume Book
158
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<br />I <br /> <br />I <br /> <br />I <br /> <br />"Special Payment Date" means the Special Payment Date prescribed by Section 3.03(b) of this <br />Ordinance <br /> <br />"Surety Policy" means, to the extent permitted by law (including, particularly, Tex. Gov't Code Ann. <br />~ 1502.064), a surety bond or IIlsurance POlICY, II1clud ing any related rei m bursement or financial guaranty <br />agreement, by which the issuer is obligated to provide funds up to and including the maximum amount and <br />under the conditions specified in such agreement or instrument, ProV ided that the issuer of any Surety Policy <br />shall be rated, at the time of issuance of such Surety Policy, in the highest rating category by Standard & <br />Poor's Ratings Group and Moody's Investors Service. <br /> <br />"System" means the City's combined Waterworks and Sewer System, including all present and future <br />extensions, enlargements, additions, replacements and improvements thereto <br /> <br />"Term Bonds" means the Bonds, if any, subject to mandatory sinking fund redemption as described <br />in Section 4.02. <br /> <br />"Unclaimed Payments" means money deposited with the Paying Agent/Registrar for the payment <br />of principal, redemption premium, if any, or interest on the Bonds as the same become due and payable or <br />money set aside for the payment of Bonds duly called for redemption prior to maturity, and remaining <br />unclaimed for 90 days after the applicable payment or redemption date. <br /> <br />Section 1.02. Other Definitions. <br /> <br />The terms "City Council,""City" and "Refunded Obligations" shall have the respective meanings <br />assigned in the preamble to this Ordinance. <br /> <br />Section 1.03. Findings. <br /> <br />The declarations, determlllations and findings declared, made and found in the preamble to this <br />Ordinance are hereby adopted, restated and made a part of the operative provisions hereof. <br /> <br />Section 1.04. Table of Contents. Titles and Headings. <br /> <br />The table of contents, titles and headings of the Articles and Sections of this Ordinance have been <br />inserted for convenience of reference only and are not to be considered a part hereof and shall not in any way <br />modify or restrict any of the terms or provisions hereof and shall never be consider~d or given any effect in <br />construing this Ordinance or any provision hereof or in ascertaining intent, if any question of intent should <br />anse. <br /> <br />Section 1.05. Interpretation <br /> <br />(a) Unless the context requires otherWise, words of the masculine gender shall be construed to <br />IIlclude correlative words of the feminine and neuter genders and vice versa, and words of the sll1gular <br />number shall be construed to include correlative words of the plural number and vice versa. <br /> <br />(b) This Ordinance and all the terms and provisions hereof shall be liberally construed to <br />effectuate the purposes set forth herein to sLlstain the validity of this Ordinance <br /> <br />R 'Sail Marcos,WWSSRI 04A.DocSlOrdrnanccWW OrJ Frnal wpd 4 <br />
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