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(ii) The following Registration Certificate of Comptroller of Public Accounts shall appear <br /> on the Initial Certificate in lieu of the Authentication Certificate of the Paying <br /> Agent/Registrar: <br /> REGISTRATION CERTIFICATE OF <br /> COMPTROLLER OF PUBLIC ACCOUNTS <br /> OFFICE OF THE COMPTROLLER • <br /> OF PUBLIC ACCOUNTS • REGISTER NO. <br /> THE STATE OF TEXAS • <br /> I HEREBY CERTIFY THAT there is on file and of record in my office a certificate to the <br /> effect that the Attorney General of the State of Texas has approved this Certificate, and that this <br /> Certificate has been registered this day by me. <br /> WITNESS MY SIGNATURE AND SEAL OF OFFICE this <br /> (SEAL) Comptroller of Public Accounts of the State of Texas <br /> Section 7. DEFINITIONS. That the terms "Certificates" and "Certificates of <br /> Obligation" shall mean the City of San Marcos, Texas Combination Tax and Surplus Revenue <br /> Certificates of Obligation, Series 2018, authorized to be issued and delivered by this Ordinance; <br /> the term "Surplus Revenues" shall mean those revenues from the operation of the System <br /> remaining after payment of all operation and maintenance expenses thereof and other obligations <br /> heretofore or hereafter incurred to which such revenues have been encumbered by a lien on and <br /> pledge of such revenues superior to the lien on and pledge of such revenues to the Certificates; the <br /> term "System" shall mean the City's combined water and wastewater system; the term "TWDB" <br /> shall mean the Texas Water Development Board,or any successor agency thereto;the term "Initial <br /> Certificate" means the Certificate described in Sections 5(h), 6(d) and 15 of this Ordinance. <br /> Section 8. INTEREST AND SINKING FUND; TAX LEVY. (a) That a special <br /> fund or account, to be designated the "City of San Marcos, Texas Series 2018 Certificates of <br /> Obligation Interest and Sinking Fund" (the"Interest and Sinking Fund")is hereby created and shall <br /> be established and maintained by the Issuer. The Interest and Sinking Fund shall be kept separate <br /> and apart from all other hinds and accounts of the Issuer, and shall be used only for paying the <br /> interest on and principal of the Certificates. All ad valorem taxes levied and collected for and on <br /> account of the Certificates shall be deposited,as collected,to the credit of the Interest and Sinking <br /> Fund. During each year while any of the Certificates are outstanding and unpaid, the governing <br /> body of the Issuer shall compute and ascertain the rate and amount of ad valorem tax,based on the <br /> latest approved tax rolls of the Issuer, with full allowances being made for tax delinquencies and <br /> the cost of tax collections,which will be sufficient to raise and produce the money required to pay <br /> 0 the interest on the Certificates as such interest comes due, and to provide a sinking fund to pay the <br /> principal of the Certificates as such principal matures, but never less than 2% of the original <br /> amount of the Certificates as a sinking fund each year. Said rate and amount of ad valorem tax is <br /> 13 <br /> SAN MARCOS(TWDB)CTRCO 2018:Ordinance <br />