Ord 2000-011 - Laserfiche WebLink

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City of San Marcos, Texas, Waterworks and Sewer System Revenue Bonds, Series 1998; and City of San Marcos, Texas, Waterworks and Waste Water System Revenue Bonds, Series 1999. "Purchaser" means the person, firm or entity initially purchasing the Bonds from the City and which is designated in Section 7.01 of this Ordinance. "Record Date" means the last business day of the month next preceding an lnterest Payment Date. "Register" means the Register specified in Section 3.06(a) of this Ordinance. "Reserve Fund" means the reserve fund provided by Section 8.01(c) of this Ordinance. "Revenue Fund" means the revenue fund provided by Section 8.01(a) of this Ordinance. "Special Payment Date" means the Special Payment Date prescribed by Section 3 .03(b) of this Ordinance. "Surety Policy" means, to the extent permitted by law (including, particularly, Tex. Gov't Code Ann. SI502.064), a surety bond, insurance policy, including any related reimbursement or financial guaranty agreement, by which the issuer is obligated to provide funds up to and including the maximum amount and under the conditions specified in such agreement or instrument, provided that the issuer of any Surety Policy shall be rated, at the time of issuance of such Surety Policy, in the highest rating category by Standard & Poor's Ratings Group and Moody's Investors Service. "System" means the City's combined Waterworks and Sewer System, including all present and future extensions, enlargements, additions, replacements and improvements thereto. "Unclaimed Payments" means money deposited with the Paying Agent/Registrar for the payment of the principal of or interest on the Bonds as the same come due and payable and remaining unclaimed by the Owners of Bonds for 90 days after the applicable payment or redemption date. Section 1.02. Other Definitions. The terms "City Council" and "City" shall have the respective meanings assigned in the preamble to this Ordinance. Section 1.03. Findings. The declarations, determinations and findings declared, made and found in the preamble to this Ordinance are hereby adopted, restated and made a part of the operative provisions hereof. Section 1.04. Table of Contents. Titles and Headings. The table of contents, titles and headings of the Articles and Sections of this Ordinance have been inserted for convenience of reference only and are not to be considered a part hereof and shall not in any way modify or restrict any of the terms or provisions hereof and shall never be considered or given any effect in construing this Ordinance or any provision hereof or in ascertaining intent, if any question of intent should anse. R:\SANMAR\WWSS ()()\[)(X;S\FinaI\ORDWWSS. WPO 3