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ORDINANCE NO. 2017-24 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS, AUTHORIZING THE ISSUANCE AND SALE OF CITY OF SAN MARCOS, <br />TEXAS, WATERWORKS AND WASTE WATER SYSTEM REVENUE BONDS, <br />SERIES 2017B; PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SAID <br />BONDS; PRESCRIBING THE FORM OF SAID BONDS; AWARDING THE SALE <br />THEREOF; APPROVING THE PRIVATE PLACEMENT MEMORANDUM; <br />ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT <br />WHEREAS, Tex. Gov't Code Ann. ch. 1502 provides that the governing body of a <br />municipality may issue public securities for the purposes hereinafter provided, and the City <br />Council (the "City Council") of the City of San Marcos, Texas (the "City") finds and determines <br />that it is necessary, useful and appropriate for the City's public purposes to authorize and provide <br />for the issuance and sale of revenue bonds of the City for such purposes, as hereinafter provided; <br />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 <br />and subject of said meeting, including this Ordinance, was given, all as required by the <br />applicable provisions of Tex. Gov't Code Ann. ch. 551; Now, Therefore <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br />ARTICLE I <br />DEFINITIONS AND OTHER PRELIMINARY MATTERS <br />Section 1.01. Definitions. <br />Unless otherwise expressly provided or unless the context clearly requires otherwise, in <br />this Ordinance the following terms shall have the meanings specified below: <br />"Additional Parity Obligations" means those obligations the City reserves the right to <br />issue on a parity with the Bonds, herein authorized in accordance with the terms and conditions <br />prescribed in Section 9.01 hereof. <br />"Bond" means any of the Bonds. <br />"Bonds" means the City's bonds entitled "City of San Marcos, Texas, Waterworks and <br />Waste Water System Revenue Bonds, Series 2017B" authorized to be issued by Section 3.01 of <br />this Ordinance. <br />SANMARCOS/W W W SRev2017B: Ordinance <br />