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Ord 2017-023/authorizing the issuance and sale of City of San Marcos, Texas, Waterworks and Waste Water System Revenue Bonds, series 2017a in the amount of $4,760,000; providing for the security for and payment of said bonds; prescribing the form of said
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Ord 2017-023/authorizing the issuance and sale of City of San Marcos, Texas, Waterworks and Waste Water System Revenue Bonds, series 2017a in the amount of $4,760,000; providing for the security for and payment of said bonds; prescribing the form of said
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5/26/2017 10:27:14 AM
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2017-2
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TABLE OF CONTENTS <br />........................................................................Recitals 1 <br />ARTICLE I <br />DEFINITIONS AND OTHER PRELIMINARY MATTERS <br />Section1.01. Definitions.....................................................................................................1 <br />Section 1.02. Other Definitions..........................................................................................4 <br />Section1.03. Findings.........................................................................................................4 <br />Section 1.04. Table of Contents, Titles and Headings........................................................4 <br />Section 1.05. Interpretation.................................................................................................5 <br />ARTICLE II <br />SECURITY FOR THE BONDS <br />Section 2.01. Pledge of Revenues for Payment of the Bonds.............................................5 <br />Section 2.02. Special Obligations.......................................................................................5 <br />Section 2.03. Perfection of Security Interest......................................................................5 <br />ARTICLE III <br />AUTHORIZATION; GENERAL TERMS AND PROVISIONS <br />REGARDING THE BONDS <br />Section 3.01. <br />Authorization................................................................................................E <br />Section 3.02. <br />Date, Denomination, Maturities, Numbers and Interest...............................6 <br />Section 3.03. <br />Medium, Method and Place of Payment.......................................................7 <br />Section 3.04. <br />Execution and Initial Registration................................................................8 <br />Section3.05. <br />Ownership.....................................................................................................8 <br />Section 3.06. <br />Registration, Transfer and Exchange............................................................9 <br />Section 3.07. <br />Cancellation and Authentication.................................................................10 <br />Section 3.08. <br />Replacement Bonds....................................................................................11 <br />Section 3.09. <br />Book -Entry -Only System............................................................................12 <br />Section 3.10. <br />Successor Securities Depository; Transfer Outside Book -Entry -Only <br />System....................................................................................................................13 <br />Section 3.11. <br />Payments to Cede & Co..............................................................................13 <br />ARTICLE IV <br />REDEMPTION OF BONDS BEFORE MATURITY <br />Section 4.01. Limitation on Redemption..........................................................................13 <br />Section 4.02. Optional and Mandatory Redemption.........................................................14 <br />SANMARCOS/W W W SRev2017A: Ordinance <br />
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