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<br />PURCHASE AGREEMENT <br /> <br />THIS Agreement made and entered into this <br /> <br />30th <br /> <br />day of <br /> <br />October <br /> <br />, 1986, by and between the Lower Colorado River <br />Authority ("LCRAW), with its principal place of business in the <br /> <br />City of Austin, Travis County, Texas, and the City of San Marcos <br /> <br />(.CITY"), having its principal place of business located in the <br /> <br />City of San Marcos, Hays County, Texas. <br /> <br />WIT N E SSE T H : <br /> <br />For valuable consideration passing from LCRA to CITY and from <br />CITY to LCRA, receipt of which is hereby acknowledged, and in <br /> <br />consideration of the covenants herein mutually entered into, the <br /> <br />Parties agree as follows: <br /> <br />ARTICLE I <br />DEFINITIONS <br /> <br />Terms defined set forth elsewhere in this Purchase Agreement <br /> <br />or in the Exhibits to this Purchase Agreement shall have the <br /> <br />meanings therein assigned. <br /> <br />The following words and terms shall <br /> <br />have the meanings set forth below: <br /> <br />1.01 "Agreement" wherever used by itself or in the phrase <br /> <br />"this Agreement" or "Purchase Agreement" shall mean this Purchase <br /> <br />Agreement between LCRA and CITY. <br />