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<br /> Principal Principal <br /> Principal Amount Principal Amount <br />Election Amount Previously Amount Remaining <br />Date Purpose Authorized Issued This Issue Unissued <br />11-3-98 Acquiring land for City <br /> streets $1,500,000 -0- -0- $1,500,000 <br />11-3-98 Streets, including River <br /> Road, Davis Street, <br /> Aquarena Springs Drive, <br /> Holland Street and Bishop <br /> Street 4,110,000 -0- $4,110,000 -0- <br />11-3-98 Constructing, -0- 1,415,000 -0- <br /> reconstructing and <br /> improving Westover Area 1,415,000 <br /> Streets <br />11-3-98 Fire Stations 1,210,000 -0- 1,210,000 -0- <br /> <br />and <br /> <br />WHEREAS, the City Council considers it to be in the best interest ofthe City at this time to proceed <br />with the issuance and sale of such general obligation bonds, in combination with the refunding bonds <br />hereinabove mentioned, as authorized by the laws of the State of Texas, including, particularly, Tex. Rev. <br />Civ. Stat. Ann. art. 1175, as amended, and art. 717k, as amended; 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 />"Bond" means any of the Bonds. <br /> <br />"Bonds" means the City's bonds entitled "City of San Marcos, Texas, General Obligation Refunding <br />and Improvement Bonds, Series 1999" 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 />R \SAi';~IAR\GORl99\DOCS\ORDNCEFN.WPD <br /> <br />2 <br />