Ord 1984-033 - Laserfiche WebLink

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of the City authorized to be issued by this Ordinance, whether initially delivered or issued in exchange for, upon transfer of or in lieu of, any Certificate previously issued; (e) The term "Ordinance" means this Ordinance; (f) The term "Initial Certificate" means the Certificate authorized to be issued pursuant to this Ordinance, which has the Registration Certificate executed by or on behalf of the Comptroller of Public Accounts of the State of Texas endorsed thereon; (g) The term "Initial Date" means the date of the Initial Certificate when issued and delivered, as provided in Section 2 of this Ordinance; (h) The term "Outstanding Bonds" means the outstanding bonds and certificates of the following issues of the City: City of San Marcos, Texas, Junior Lien Waterworks and Sewer System Revenue Bonds, Series 1968; and City of San Marcos, Texas, Waterworks and Sewer System Revenue Certificates of Obligation, Series 1984. ( i) The term "Holder", with respect to any Certificate, means the person or entity in whose name such Certificate is registered in the Registration Books; (j) The term "net revenues" means the gross revenues derived by the City from ownership of the System (hereinafter defined), less the City's expenses of operation and maintenance, as defined by Article 1113, V.T.C.S.; (k) The term "System" shall mean the City's combined waterworks and sewer system. (1) The term "Outstanding", when used in this Ordinance with respect to Certificates, means, as of the date of determination, all Certificates theretofore delivered and issued pursuant to this Ordinance, except: ( i) Certificates theretofore cancelled by the Paying Agent/Registrar or delivered to the Paying Agent/Registrar for cancellation; (ii) Certificates for which payment has been duly provided by the City by the irrevocable deposit with the Paying Agent/Registrar of money in the amount necessary to fully pay the pr i ncipal of, premium, if any, and interest thereon to maturi ty or redemption, as the case may be; provided that, if such Certificates are to be redeemed, notice of redemption thereof shall have been duly given in accordance with this Ordinance or irrevocably provided to be given to the satisfaction of the Paying Agent/Registrar, or waived; (iii) Certificates that have been mutilated, destroyed, lost, or stolen and replacement Certificates have been registered and delivered in lieu thereof as provided in this Ordinance; and (i v) Certificates for which the payment of the principal of, premium, if any, and interest on has been duly provided by the deposit in trust of money or Government Securities, or both, as provided in this Ordinance. (m) The term "Government Securities" means direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America, which are non-callable prior to the respective Maturities of the Certificates -ll-