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<br /> 1.02 "LCRA" shall mean the Lower Colorado River Authority, a <br /> governmental agency created by and operating under and pursuant to <br /> the provisions of Chapter 7 of the General Laws enacted by the <br /> Forty-Third Legislature of the State of Texas in its Fourth Called <br /> Session, as amended. <br /> 1.03 "CITY" shall mean the City of San Marcos, Texas, a <br /> municipal corporation created and existing under its home rule <br /> charter and the laws of the State of Texas. <br /> 1.04 "Closing" shall mean the event of execution by LCRA and <br /> CITY of all documents conveying, selling, transferring or <br /> assigning the interests and property of LCRA to CITY described in <br /> this Ag reement. <br /> 1.05 "Closing Agreement" shall mean the agreement providing <br /> the terms under which LCRA and CITY shall create and authorize <br /> payment out of certain escrow accounts attached to this Agreement <br /> as Exhibit 10. <br /> 1.06 "Closing Date" shall mean the date on or before August <br /> 28,1986, upon which the Closing shall take place or such later <br /> date as may be allowed by the terms of this Agreement or by <br /> subsequent agreement of the Parties. <br /> 1.07 "Officer" shall mean any person having authority to <br /> perform management functions and execute legal agreements of <br /> LCRA or CITY. <br /> 1.08 "Operating Agreement" shall mean the agreement providing <br /> the terms under which LCRA shall operate and maintain the system <br /> 2. <br />