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<br />ORDINANCE NO,
<br />
<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 SEWER SYSTEM REVENUE BONDS, SERIES 1997,
<br />IN THE AGGREGATE PRINCIPAL AMOUNT OF $2,500,000; PRESCRIBING THE
<br />FORM OF SAID BONDS; PROVIDING FOR THE SECURITY FOR AND PAYMENT
<br />OF SAID BONDS; AWARDING THE SALE THEREOF; APPROVING THE
<br />OFFICIAL STATEMENT; ENACTING OTHER PROVISIONS RELATING TO THE
<br />SUBJECT; AND DECLARING AN EMERGENCY
<br />
<br />WHEREAS, th1S CIty Council (the "C1ty Councll"), by resolutIon adopted on May 19, 1997, dIrected
<br />publIcatlOn of notIce of the intention of the C1ty of San Marcos, Texas (the "C1ty") to 1ssue not to exceed
<br />$2,500,000 waterworks and sewer system revenue bonds ofthe City for the purposes set forth m such notlce,
<br />
<br />WHEREAS, such notice was publIshed III the maliller and to the extent reqUlred by law;
<br />
<br />WHEREAS, there has not been filed W1th the C1ty Secretary or any other office of the C1ty a pet1tlOn
<br />protestmg the Issuance of such revenue bonds and requesting an electlOn on same; and
<br />
<br />WHEREAS, 1t 1S affmnatively found and determmed that the City is authonzed to proceed w1th the
<br />Issuance and sale of such revenue bonds as authonzed by the laws of the S tate of Texas, mcludmg, part1cuIarly,
<br />Tex. Rev CIV Stat. Ann. arts 2368a and 1111, et seq , Now, Therefore
<br />
<br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS
<br />
<br />ARTICLE I
<br />
<br />DEFINITIONS AND OTHER PRELIMINARY MATTERS
<br />
<br />SectlOn 1.01. DefmItlOns.
<br />
<br />Unless othefWlse expressly provided or unless the context clearly requires otherw1se, in this Ordmance
<br />the follOWIng terms shall have the mearungs spec1fied below'
<br />
<br />"AddItIOnal Panty OblIgatlOns" means those oblIgations the City reserves the nght to Issue on a panty
<br />Wlth the Bonds, herem author1Zed m accordance W1th the terms and condItIOns prescribed m SectlOn 9 0 I hereof.
<br />
<br />"Bond" means any of the Bonds.
<br />
<br />"Bonds" means the City's bonds entItled "C1ty of San Marcos, Texas, Waterworks and Sewer System
<br />Revenue Bonds, Senes 1997" authorized to be 1ssued by SectlOn 301 ofthls Ordmance
<br />
<br />"Closing Date" means the date of the mitlal delivery of and payment for the Bonds.
<br />
<br />"Code" means the Internal Revenue Code of 1986, as amended, includmg applicable regulatlOns,
<br />pubhshed rulmgs and court decIs10ns relatmg thereto
<br />
<br />R \.'iM'MAR\W'WSS.97\DOCS\ORDNCE
<br />
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