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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 /> <br />the provisions of Chapter 7 of the General Laws enacted by the <br /> <br />Forty-Third Legislature of the State of Texas in its Fourth Called <br /> <br />Session, as amended. <br /> <br />1.03 .CITY. shall mean the City of San Marcos, Texas, a <br /> <br />municipal corporation created and existing under its home rule <br /> <br />charter and the laws of the State of Texas. <br /> <br />1.04 .C10sing" shall mean the event of execution and delivery <br /> <br />by LCRA and CITY of all documents conveying, selling, transferring <br />or assigning the interests and property of LCRA to CITY described <br /> <br />in this Agreement. <br /> <br />1.05 "Closing Date" shall mean the date on or before October <br /> <br />30, 1986, upon which the Closing shall take place or such later <br /> <br />date as may be allowed by the terms of this Agreement or by <br /> <br />subsequent agreement of the Parties. <br /> <br />1.06 .Officer" shall mean any person having authority to <br /> <br />execute legal agreements of LCRA or CITY. <br /> <br />1.07 "Operating Agreement. shall mean the agreement providing <br />the terms under which LCRA shall operate and maintain the System <br /> <br />(as defined in Section 1.12) of CITY, attached to this Agreement <br /> <br />as Exhibit 16. <br /> <br />2. <br />