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constructing, improving and extending the City's water and waste water system including
<br /> acquiring equipment; (3) constructing, improving and equipping City parks; (4) constructing,
<br /> improving and designing municipal buildings to include the Animal Shelter, Municipal Services
<br /> Complex, Public/Community Services Building and related equipment purchases; (5)
<br /> constructing, designing, equipping and renovating City parking facilities; (6) constructing and
<br /> improving the City's drainage and flood control facilities; (7) constructing, improving and
<br /> equipping the City's airport; (8) constructing, designing, equipping and renovating public safety
<br /> facilities to include vehicle and equipment purchases; (9) replacing, improving, and 'developing
<br /> network infrastructure equipment; (10) preparation and completion of the electric utility system
<br /> master plan; and (11) the payment of professional services in connection therewith including
<br /> legal, fiscal and engineering fees and the costs of issuing the Certificates.
<br /> Section 3.02. Date, Denomination.Maturities,Numbers and Interest.
<br /> (a) Initially there shall be issued, sold and delivered hereunder fully registered
<br /> certificates, without interest coupons, which may be in the form of Current Interest Certificates
<br /> or Premium Compound Interest Certificates, numbered consecutively from R-1 upward, in the
<br /> case of Current Interest Certificates, and from PC-1 upward, in the case of Premium Compound
<br /> Interest Certificates (except the Initial Certificate delivered to the Attorney General of the State
<br /> of Texas which shall be numbered T-I and TPC-1, respectively) payable to the respective initial
<br /> Registered Owners thereof, or to the registered assignee or assignees of said Certificates or any
<br /> portion of portions thereof, in Authorized Denominations, maturing not later than August 15,
<br /> 2048, serially or otherwise on the dates, in the years and in the principal amounts, respectively,
<br /> and dated, all as set forth in each Pricing Certificate to be executed and delivered by the Pricing
<br /> Officer pursuant to subsection(b) of this section. Each Pricing Certificate is hereby incorporated
<br /> in and made a part of this Ordinance. Each series of the Certificates shall be designated by the
<br /> year in which they are awarded with a letter as necessary to designate each series as provided in
<br /> each Pricing Certificate. The authority of the Pricing Officer to execute a Pricing Certificate
<br /> shall expire at 5:00 p.m. C.D.T. on May 15, 2019. Certificates priced on or before May 15,2019
<br /> may be delivered to the Purchasers after such date.
<br /> (b) As authorized by Chapter 1371, Texas Government Code, as amended, the
<br /> Pricing Officer is hereby authorized to act on behalf of the City in selling and delivering one or
<br /> more series of the Certificates and carrying out the other procedures specified in this Ordinance,
<br /> including determining the date of the Certificates, any additional or different designation or title
<br /> by which a series of the Certificates shall be known, the price at which each series of the
<br /> Certificates will be sold, the years in which the Certificates will mature, the principal amount to
<br /> mature in each of such years, the aggregate principal amount of Current Interest Certificates and
<br /> Premium Compound Interest Certificates, the rate or rates of interest to be borne by each such
<br /> maturity, the interest payment periods, the dates, price, and terms upon and at which the
<br /> Certificates shall be subject to redemption prior to maturity at the option of the City, as well as
<br /> any mandatory sinking fund redemption provisions, and all other matters relating to the issuance,
<br /> sale, and delivery of the Certificates, all of which shall be specified in the Pricing Certificate;
<br /> provided that (i) the price to be paid for each series of the Certificates shall not be less than 90%
<br /> of the aggregate original principal amount thereof plus accrued interest thereon from its date to
<br /> SAN MARCOS CTRCO@GOB 2018 Ordinance
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