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<br />ORDINANCE NO.
<br />
<br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS,
<br />TEXAS, AUTBORIZING THE ISSUANCE AND SALE OF CITY OF SAN MARCOS,
<br />TEXAS, WATERWORKS AND WASTE WATER SYSTEM REVENUE BONDS,
<br />SERIES 1999, IN THE AGGREGATE PRINCIPAL AMOUNT OF $6,300,000;
<br />PRESCRIBING THE FORM OF SAID BONDS; PROVIDING FOR THE SECURITY
<br />FOR AND PAYMENT OF SAID BONDS; AWARDING THE SALE THEREOF;
<br />APPROVING THE OFFICIAL STATEMENT; ENACTING OTHER PROVISIONS
<br />RELATING TO THE SUBJECT; AND DECLARING AN EMERGENCY
<br />
<br />WHEREAS, on January 11, 1999, the City Council (the "City Council") of the City of San Marcos,
<br />Texas (the "City") adopted a resolution directing publication of notice of the City's intention to issue, on
<br />February 8, 1999, revenue bonds of the City in the maximum principal amount of$6,300,000, for the public
<br />purpose of acquiring, constructing and installing additions, improvements and extensions to the
<br />City's waterworks and sewer system;
<br />
<br />WHEREAS, on February 8, 1999, pursuantto said resolution, the City Council adopted an ordinance
<br />authorizing the issuance and awarding the sale of the revenue bonds of the City entitled "City of San Marcos,
<br />Texas, Waterworks and Waste Water System Revenue Bonds, Series 1999, in the aggregate principal amount
<br />of $6,300,000, for the aforesaid purpose;
<br />
<br />WHEREAS, subsequent to the adoption of said ordinance, it was determined that the newspaper in
<br />which notice of the City's intention to issue such revenue bonds was to have been published had failed to
<br />publish such notice;
<br />
<br />WHEREAS, upon discovery of such failure of publication, the City Secretary of the City delivered
<br />to said newspaper notice of the City's intention to authorize the issuance of such revenue bonds at the
<br />meeting of the City Council to be held on March 1, 1999, a copy of such notice being attached hereto as
<br />Exhibit A; and such notice was published in such newspaper on February 11, 1999, and February 18, 1999;
<br />
<br />WHEREAS, at the meeting at which this Ordinance has been adopted, the City Council has finally
<br />passed a resolution approving, ratifying and confirming such publication;
<br />
<br />WHEREAS, it is affirmatively found and determined thatthe City is authorized to issue such revenue
<br />bonds as authorized by the laws of the State of Texas, including, particularly, Tex. Rev. Civ. Stat. Ann. arts.
<br />2368a and 1111, et seq.; 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 />R\SANMAR\ WWSS.99IDOCS\ORDNCFN. WPD
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