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WHEREAS, the City Council (the "City Council ") of the City of San Marcos, Texas (the <br />"City "), by resolution adopted on April 5, 2016, directed publication of notice of the City's intention <br />to issue interest bearing certificates of obligation in a total aggregate principal amount not to exceed <br />$38,000,000 for the purposes hereinafter set forth; <br />WHEREAS, such notice was published in the manner and to the extent required by law; <br />WHEREAS, there has not been filed with the City Clerk or any other officer of the City a <br />petition protesting the issuance of such certificates of obligation and requesting an election on same; <br />WHEREAS, it is affirmatively found and determined that the City is authorized to proceed <br />with the issuance and sale of such certificates of obligation as authorized by the Constitution and <br />laws of the State of Texas, including, particularly, Tex. Loc. Gov't Code Ann. Ch. 271, subch. C, and <br />Tex. Gov't Code Ch. 1502; and <br />WHEREAS, it is officially found, determined and declared that the meeting at which this <br />Ordinance has been adopted was open to the public and public notice of the date, hour, place and <br />subject of said meeting, including this Ordinance, was given, all as required by the applicable <br />provisions of Tex. Gov't Code Ann. Ch. 551; Now, Therefore <br />San Marcos CTRCO 2016: Ordinance <br />