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Ord 2009-034
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Ord 2009-034
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Last modified
8/6/2009 8:18:22 AM
Creation date
6/22/2009 10:59:17 AM
Metadata
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Template:
City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2009-34
Date
6/16/2009
Volume Book
182
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"Unclaimed Payments" means money deposited with the Paying Agent/Registrar for the <br />payment of principal, redemption premium, if any, or interest on the Certificates as the same become <br />due and payable or money set aside for the payment of Certificates duly called for redemption prior <br />to maturity, and remaining unclaimed for 90 days after the applicable payment or redemption date. <br />Section 1.02. Other Definitions. <br />The terms "City Council" and "City" shall have the meaning assigned in the preamble to this <br />Ordinance. <br />Section 1.03. Findings. <br />The declarations, determinations and findings declared, made and found in the preamble to <br />this Ordinance are hereby adopted, restated and made a part of the operative provisions hereof. <br />Section 1.04. Table of Contents, Titles and Headinms. <br />The table of contents, titles and headings of the Articles and Sections of this Ordinance have <br />been inserted for convenience of reference only and are not to be considered a part hereof and shall <br />not in any way modify or restrict any of the terms or provisions hereof and shall never be considered <br />or given any effect in construing this Ordinance or any provision hereof or in ascertaining intent, if <br />any question of intent should arise. <br />Section 1.05. Interpretation. <br />(a) Unless the context requires otherwise, words of the masculine gender shall be <br />construed to include correlative words of the feminine and neuter genders and vice versa, and words <br />of the singular number shall be construed to include correlative words of the plural number and vice <br />versa. <br />(b) This Ordinance and all the terms and provisions hereof shall be liberally construed to <br />effectuate the purposes set forth herein to sustain the validity of this Ordinance. <br />ARTICLE II <br />SECURITY FOR THE CERTIFICATES <br />Section 2.01. Tax Lew for Payment of the Certificates. <br />(a) The City Council hereby declares and covenants that it will provide and levy a tax <br />legally and fully sufficient for payment of the Certificates, it having been determined that the existing <br />and available taxing authority of the City for such purpose is adequate to permit a legally sufficient <br />tax in consideration of all other outstanding obligations of the City. <br />San Marcos CTRCO 2009: Ordinance
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