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<br />Au "i I Z- <br />...1- n <br /> <br />£ Uti þJ -r Ii A'i <br /> <br /> <br />PURCHASE AGREEMENT <br /> <br /> <br />THIS Agreement made and entered into this day of <br />,1986, by and between the Lower Colorado River <br />Authority ("LCRA"), with its principal place of business in the <br />City of Austin, Travis County, Texas, and the City of San Marcos <br />("CITY"), having its principal place of business located in the <br />City of San Marcos, Hays County, Texas. <br />WIT N E SSE T H : <br />For valuable consideration passing from LCRA to CITY and from <br />CITY to the LCRA, receipt of which is hereby acknowledged, and in <br />consideration of the covenants herein mutually entered into, the <br />Parties agree as follows: <br />ARTICLE I <br />DEFINITIONS <br />In addition to any defined terms expressly set forth <br />elsewhere in this Purchase Agreement or in the Exhibits to this <br />Purchase Agreement, the following words and terms shall have the <br />following meanings, respectively, whenever they are used herein: <br />1.01 "Agreement" wherever used by itself or in the phrase <br />"this Agreement" or "Purchase Agreement" shall mean this Purchase <br />Agreement between LCRA and CITY. <br />