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<br />"Closing Date" means the date of the initial delivery of and payment for the Certificates. <br /> <br />"Code" means the Internal Revenue Code of 1986, as amended, including applicable regulations, <br />published rulings and court decisions relating thereto. <br /> <br />"Construction Fund" means the construction fund established by Section 8.0 I (a) of this Ordinance. <br /> <br />"Designated Payment/Transfer Office" means (i) with respect to the initial Paying Agent/Registrar <br />named herein, its corporate trust office in Dallas, Texas, and (ii) with respect to any successor Paying <br />Agent/Registrar, the office of such successor designated and located as may be agreed upon by the City and <br />such successor. <br /> <br />"DTC" means The Depository Trust Company of Dallas, Texas, or any successor securities <br />depository. <br /> <br />"DTC Participant" means any broker, dealer, bank, trust company, clearing corporation or certain <br />other organizations with Certificates credited to an account maintained on its behalf by DTc. <br /> <br />"Event of Default" means any Event of Default as defined in Section 10.01 of this Ordinance. <br /> <br />"Initial Certificate" means the Certificate described in Section 3.04(d) and 6.02(d). <br /> <br />"Interest and Sinking Fund" means the interest and sinking fund established by Section 8.01(a) of <br />this Ordinance. <br /> <br />"Interest Payment Date" means the date or dates upon which interest on the Certificates is scheduled <br />to be paid until the maturity of the Certificates, such dates being February 15 and August 15 of each year <br />commencing August 15, 2004. <br /> <br />"Ordinance" means this Ordinance. <br /> <br />"Original Issue Date" means the initial date from which interest on the Certificates accrues and which <br />is designated in Section 3.02(a) of this Ordinance. <br /> <br />"Owner" means the person who is the registered owner of a Certificate or Certificates, as shown in <br />the Register. <br /> <br />"Paying Agent/Registrar" means JPMorgan Chase Bank, any successor thereto or an entity which <br />is appointed as and assumes the duties of paying agent/registrar as provided in this Ordinance. <br /> <br />"Purchaser" means the person, firm or entity initially purchasing the Certificates from the City and <br />which is designated in Section 7.01 of this Ordinance. <br /> <br />"Record Date" means the last business day of the month next preceding an Interest Payment Date. <br /> <br />"Register" means the Register specified in Section 3.06(a) of this Ordinance. <br /> <br />R:\San Marcos\CO.O3\Docs\Ordinance\CO Ord Final.wpd <br /> <br />2 <br />