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Ord 2008-007
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Ord 2008-007
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Last modified
9/4/2008 2:23:01 PM
Creation date
7/1/2008 3:18:00 PM
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City Clerk
City Clerk - Document
Ordinances
Number
2008-7
Date
3/4/2008
Volume Book
175
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EXHIBIT A <br />DEFINITIONS <br />As used in this First Supplement, the following terms shall have the meanings set forth <br />below, unless the text hereof specifically indicates otherwise: <br />"Authorized Denominations" -Means for Bonds, $5,000 or any integral multiple thereof. <br />"Authorized Representative" -Means the Mayor or Chief Financial Officer or such other <br />individual so designated by the City to perform the duties of an Authorized Representative under <br />this First Supplement. <br />"Bond Insurer" -One or more companies, if any, insuring all or any portion of any Series <br />of the Bonds (or any portion thereof) or any successor thereof or assignee thereof. <br />"Bonds" -The Bonds issued pursuant to and governed by this First Supplement, as described <br />in Article II hereof. <br />"Chief Financial Officer" -Means the Director of Finance of the City, or such other officer <br />or employee of the City or such other individual so designated by the City to perform the duties of <br />Chief Financial Officer under this First Supplement. <br />"Defeasance Securities" -Means (i) Federal Securities, (ii) noncallable obligations of an <br />agency or instrumentality of the United States of America, including obligations that are <br />unconditionally guaranteed or insured by the agency or instrumentality and that, on the date the City <br />adopts or approves proceedings authorizing the issuance of refunding bonds or otherwise provide <br />for the funding of an escrow to effect the defeasance of Bonds are rated as to investment quality by <br />a nationally recognized investment rating firm not less than "AAA" or its equivalent, and (iii) <br />noncallable obligations of a state or an agency or a county, municipality, or other political <br />subdivision of a state that have been refunded and that, on the date the City adopts or approves <br />proceedings authorizing the issuance of refunding bonds or otherwise provide for the funding of an <br />escrow to effect the defeasance of Bonds, are rated as to investment quality by a nationally <br />recognized investment rating firm no less than "AAA" or its equivalent. <br />"DTC" -The Depository Trust Company, New York, New York, or any successor securities <br />depository. <br />"DTC Participant" -Securities brokers and dealers, banks, trust companies, clearing <br />corporations, and certain other organizations on whose behalf DTC was created to hold securities <br />to facilitate the clearance and settlement of securities transactions among DTC Participants. <br />"Enabling Act" -Has the meaning given in the recitals to this First Supplement. <br />"Federal Securities" -Direct, noncallable obligations of the United States of America, <br />including obligations that are unconditionally guaranteed by the United States of America (including <br />Interest Strips of the Resolution Funding Corporation). <br />SAN MARCOS 2008: FvstSupplementalOrdinance A' 1 <br />
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