Ord 2025-013 authorizing the issuance and sale of an approximate amount of $30,450,000.00 of Waterworks and Wastewater System Revenue Bonds, Series 2025, pledging the revenues of the water and wastewater system in support of the bonds

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"Federal Securities" - Direct, noncallable obligations of the United States of America, including obligations that are unconditionally guaranteed by the United States of America (including Interest Strips of the Resolution Funding Corporation). "Financial Obligation" - a (a) debt obligation; (b) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (c) guarantee of a debt obligation or any such derivative instrument; provided that "financial obligation" shall not include municipal securities (as defined in the Securities Exchange Act of 1934, as amended) as to which a final official statement (as defined in the Rule) has been provided to the MSRB consistent with the Rule. "First Supplement" - This First Supplemental Ordinance, which was adopted pursuant to authority reserved by the City under the Master Ordinance. "Issuance Date" - The date of delivery of the Bonds to the initial purchaser(s) thereof against payment therefor. "Master Ordinance" - The "Master Ordinance Establishing the Waterworks and Wastewater System Revenue Financing Program," adopted by the City on April 15, 2025, as may be amended or supplemented from time to time. "Maturity" - When used with respect to the Bonds, the scheduled maturity of the Bonds. "Maximum Rate" -A net effective interest rate(as defined in and calculated in accordance with the provisions of the Chapter 1204, Texas Government Code, as amended not to exceed fifteen percent (15%)). "MSRB" - The Municipal Securities Rulemaking Board. "NRMSIR" - Each person whom the SEC or its staff has determined to be a nationally recognized municipal securities information repository within the meaning of the Rule from time to time. "Owner" - The registered owners of the Bonds as shown on the Security Register and to the extent set forth in a Credit Agreement relating to the Bonds,the party contracting with the City under a Credit Agreement. "Paying Agent" - The agent selected and appointed by the City for purposes of paying the principal of, premium, if any, and interest on the Bonds to the Owners thereof, as identified in Section 2.03 hereof and any successor to such agent. "Paying Agent/Registrar" - Collectively, the Paying Agent and the Registrar designated in Section 2.03 of this First Supplement or any successor to such agent. "Paying Agent/Registrar Agreement" - The agreement having such name executed by and between the City and the Paying Agent/Registrar. A-2 San Marcos I WWSRB 2025 1 151 Supplemental Ordinance