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<br />c~ <br /> <br />o <br />&Us <br />..0 <br />ii'1 0. <br />~....._!~-. <br />'" <br />"", . <br />r ;E.. <br />Q~ <br />g <br />u <br />U,"b <br /> <br />~~ <br /> <br />8 ORDINANCE NO. <br /> <br />~ ii>RDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, <br />~ ~HORIZING THE ISSUANCE AND SALE OF CITY OF SAN MARCOS, TEXAS, <br />r-i 9}A'ERWORKS AND WASTE WATER SYSTEM REVENUE BONDS, SERIES 2000; <br />~SCRIBING THE FORM OF SAID BONDS; PROVIDING FOR THE SECURITY FOR AND <br />~MENTOFSAID BONDS; AWARDING THE SALE THEREOF; APPROVING THE OFFICIAL <br />~ V. EMENT; ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT; AND <br />~ @.. ARINGANEMERGENCY <br />~ LI.l <br />o ~JJ <br />:s ~ is WHEREAS, Tex. Gov't Code Ann. ch. 1502 provides that the governing body of a municipality may <br />,J,." G8public securities for the purposes hereinafter provided, and the City Council (the "City Council") of <br />the City of Killeen, Texas (the "City") finds and determines that it is necessary, useful and appropriate for <br />the City's public purposes to authorize and provide for the issuance and sale of revenue bonds ofthe City <br />for such purposes, as hereinafter provided; and <br /> <br />WHEREAS, pursuant to Section 8.05 hereof and the ordinances authorizing the Parity Revenue <br />Obligations, the City Council finds that the substitution of the Surety Policy for the portion of the average <br />annual principal and interest requirements of the Parity Revenue Obligations attributable to the Bonds <br />hereinafter authorized is cost effective; 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 obli~ations 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 2000" 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 AgentIRegistrar <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:ISANMARIWWSS.OOIDOCSlFinanORDWWss. WPD <br />