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WHEREAS, the City Council has determined it is in the best interest of the City and not <br />materially adverse to the interest of the Series 2008 Bondholders to adopt this Second Supplemental <br />Ordinance to authorize the use of the Unexpended Proceeds toward additional projects authorized <br />pursuant to Chapter 1$10 of the Texas Government Code, <br />NOW, THEREFORE, HE IT ORDAINED BY THE CITY COUNCIL OF THE CITY <br />OF SAN MARCOS, TEXAS, THAT: <br />c ion 1, The City Council hereby incorporates the recitals set forth in the preamble hereto <br />as if set forth in full at this place and further finds and determines that the recitals are true and correct. <br />Se tion 2, The City is hereby authorized to use the Unexpended Proceeds for any projects <br />authorized by Chapter 1$10 of the Texas Government Code. <br />S ti en 2, Except as provided herein all other provisions of the Master Ordinance and the <br />First Supplemental Ordinance remain in full force and effect, <br />SSA. If any provision of this Ordinance or the application thereof to any circumstance <br />shall be held to be invalid, the remainder of this Ordinance and the application thereof to other <br />circumstances shall nevertheless be valid, and this governing body hereby declares that this Ordinance <br />would have. been enacted without such invalid provision. <br />Sgkfien �, This Ordinance shall become effective immediately upon adoption. The Mayor and <br />City Clerk are hereby authorized and directed to execute this Ordinance on behalf of the City and to <br />do any and all things proper and necessary to carry out the intent of this Ordinance, <br />