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<br />~ "<t- <br />:31 = <br />C) <br />"-I <br />U~ ~ <br />Jò 7'-4 <br />c~ UJ <br />::> <br />« <br />è( <br /> <br />o <br />~o ~ <br />o - en <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, T~S,~ <br />AUTHORIZING THE ISSUANCE AND SALE OF CITY OF SAN MARCOS, T~S, 0 <br />]V ATERWORKS AND WASTE WATER SYSTEM REVENUE BONDS, SERIES 2004; PROvm~G ~ <br />~OR THE SECURITY FOR AND PAYMENT OF SAID BONDS; PRESCRIBING THE FO~ðF ~ <br />~ ~AID BONDS; AWARDING THE SALE THEREOF; APPROVING THE OFFICIAL STATEMÈNT; <br />~ ~NACTING OTHER PROVISIONS RELATING TO THE SUBJECT; AND DECLARING AN <br />~ cfMERGENCY <br /> <br />!::-; <br />u>. <br />- <br />Õ WHEREAS, Tex. Gov't Code Ann. ch. 1502 provides that the governing body of a municipality may <br />issue public securities for the purposes hereinafter provided, and the City Council (the "City Council") of <br />the City of San Marcos, Texas (the "City") finds and determines that it is necessary, useful and appropriate <br />for the City's public purposes to authorize and provide for the issuance and sale of revenue bonds of the City <br />for such purposes, as hereinafter provided; and <br /> <br />þ. <br /> <br />~JJ <br />.;q¡ <br />·-m <br />b <br />~ <br />~' <br /> <br />ORDINANCE NO. <br /> <br />WHEREAS, it is officially found, determined and declared that the meeting at which this Ordinance <br />has been adopted was open to the public, and public notice of the date, hour, place and subject of said <br />meeting, including this Ordinance, was given, all as required by the applicable provisions of Tex. Gov't Code <br />Ann. ch. 551; Now, Therefore <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br /> <br />ARTICLE I <br /> <br />DEFINITIONS AND OTHER PRELIMINARY MATTERS <br /> <br />Section 1.01. Definitions. <br /> <br />Unless otherwise expressly provided or unless the context clearly requires otherwise, in this <br />Ordinance the following terms shall have the meanings specified below: <br /> <br />"Additional Parity Obligations" means those obligations the City reserves the right to issue on a <br />parity with the Bonds, herein authorized in accordance with the terms and conditions prescribed in Section <br />9.01 hereof. <br /> <br />"Bond" means any of the Bonds. <br /> <br />"Bonds" means the City's bonds entitled "City of San Marcos, Texas, Waterworks and Waste Water <br />System Revenue Bonds, Series 2004" authorized to be issued by Section 3.01 of this Ordinance. <br /> <br />"Closing Date" means the date of the initial delivery of and payment for the Bonds. <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 />"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 />R:·· San Marcosl WWSS .04\DocsIOrdinanceIOrdinance Final. wpd <br />