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"Federal Securities" as used herein means direct, noncallable obligations of the United States <br />of America, including obligations that are unconditionally guaranteed by the United States of America <br />(including Interest Strips of the Resolution Funding Corporation). <br />"Initial Bond" means the Bond described in Section 3.04(d) and 6.02(d). <br />"Interest and Sinking Fund" means the interest and sinking fund established by Section <br />8.01(a). <br />"Interest Payment Date" means the date or dates upon which interest on the Bonds is <br />scheduled to be paid until the maturity or prior redemption of the Bonds, such dates being February <br />15 and August 15 of each year commencing February 15, 2010. <br />"Ordinance" means this Ordinance. <br />"Original Issue Date" means the date designated as the date of the Bonds in Section 3.02. <br />"Owner" means the person who is the registered owner of a Bond or Bonds, as shown in the <br />Register. <br />"Paying Agent/Registrar" means Wells Fargo Bank, National Association, any successor <br />thereto or an entity which is appointed as and assumes the duties of paying agent/registrar as provided <br />in this Ordinance. <br />"Purchaser" means the person, firm or entity initially purchasing the Bonds from the City and <br />which is designated in Section 7.01. <br />"Record Date" means the last business day of the month next preceding an Interest Payment <br />Date. <br />"Register" means the Register specified in Section 3.06(a). <br />"Representation Letter" means the Blanket Issuer Letter of Representations with respect to <br />the Bonds and other obligations of the City, between the City and DTC. <br />"Special Payment Date" means the new date established for payment of interest on the Bonds <br />in the event of a nonpayment of interest on a scheduled payment date, and for 30 days thereafter, as <br />described in Section 3.03(b). <br />"Special Record Date" means the new record date established for payment of interest on the <br />Bonds in the event of a nonpayment of interest on a scheduled payment date, and for 30 days <br />thereafter, as described in Section 3.03(b). <br />San Marcos GO 2009 Ordinance