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Ord 2019-028/authorizing the issuance of City of San Marcos, Texas General Obligation Refunding Bonds in an amount not to exceed $18,250,000 in one or more series; approving an official statement, a paying agent/registrar agreement, a bond purchase agree
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Ord 2019-028/authorizing the issuance of City of San Marcos, Texas General Obligation Refunding Bonds in an amount not to exceed $18,250,000 in one or more series; approving an official statement, a paying agent/registrar agreement, a bond purchase agree
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9/13/2019 3:07:29 PM
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9/13/2019 1:43:09 PM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2019-28
Date
9/3/2019
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The financial information and operating data to be provided pursuant to this subsection <br />may be set forth in full in one or more documents or may be included by specific reference to <br />any document that is available to the public on the MSRB's internet web site or filed with the <br />SEC. All documents provided to the MSRB pursuant to this subsection shall be accompanied by <br />identifying information as prescribed by the MSRB. <br />(b) Certain Event Notices. The City shall notify the MSRB, in an electronic fo>mat as <br />prescribed by the MSRB, in a timely manner not in excess of ten business days after the <br />occurrence of the event, of any of the following events with respect to the Bonds: <br />A. Principal and interest payment delinquencies; <br />B. Non-payment related defaults, if material within the meaning of the federal <br />securities laws; <br />C. Unscheduled draws on debt service reserves reflecting financial difficulties; <br />D. Unscheduled draws on credit enhancements reflecting financial difficulties; <br />E. Substitution of credit or liquidity providers, or their failure to perform; <br />F. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed <br />or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701—TEB) or other <br />material notices or determinations with respect to the tax status of the Bonds, or other events <br />affecting the tax status of the Bonds; <br />G. Modifications to rights of holders of the Bonds, if material within the meaning of <br />the federal securities laws; <br />H. Bond calls, if material within the meaning of the federal securities laws; <br />1. Defeasances; <br />J. Release, substitution, or sale of property securing repayment of the Bonds, if <br />material within the meaning of the federal securities laws; <br />K. Rating changes; <br />L. Bankruptcy, insolvency, receivership or similar event of the City; <br />M. The consummation of a merger, consolidation, or acquisition involving the City <br />or the sale of all or substantially all of the assets of the City, other than in the ordinary course of <br />28 <br />San Marcos GORB2019 - Delegated: Ordinance <br />
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