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construed to effectuate the purposes set forth herein and to sustain the validity of the Bonds and the validity of the lien on and pledge to secure the payment of the . All ordinances, orders or resolutions, or Section 23. INCONSISTENT PROVISIONS parts thereof, which are in conflict or inconsistent with any prvisions of this Ordinance are hereby repealed to the extent of such conflict and the provisions of ths Ordinance shall be and remain controlling as to the matters contained herein. . Nothing in this Ordinance expressed or implied is Section 24. INTERESTED PARTIES intended or shall be construed to confer upon, or to give to, anrson or entity, other than the City and the Registered Owner of the Bonds, any right, remedy or claim under or by reason of this Ordinance or any covenant, condition or stipulation hereof, and all covenants, stipulations, promises and agreements in this Ordinance contained by and on behalf of t be for the sole and exclusive benefit of the City and the Registered Owner of the Bo . The provisions of this Ordinance are severable; and in case Section 25. SEVERABILITY any one or more of the provisions of this Ordinance or the appliereof to any person or circumstance should be held to be invalid, unconstitutional, or neffective as to any person or circumstance, the remainder of this Ordinance nevertheless shallbe valid, and the application of any such invalid provision to persons or circumstances other than those as to which it is held invalid shall not be affected thereby. . Notwithstanding anything in this Ordinance to Section 26. FUNDS AND ACCOUNTS the contrary any funds or accounts created by this Ordinance, othan the Escrow Funds, may be subaccounts of the City's Funds held by the City's depository, and, as such, not held in separate bank accounts, such treatment shall not constitute commingling of the monies in such funds or of funds and the City shall keep full and complete records indicating the monies and investment credited to each such fund. . To the extent permitted by law, the City reserves Section 27. CREDIT AGREEMENT the right under Chapter 1371 of the Texas Government Code to enter into Credit Agreements in connection with the Bonds, upon the written opinion of the City's Finance Director that such Credit Agreements are in the best interest of the City given the market conditions at the time. The Credit Agreements will constitute a Credit Agreement as defined in Chapter 1371 of the Texas Government Code. Any such Credit Agreements must be reviewed and approved torney General of the State of Texas. . All orders, resolutions and ordinances, or parts thereof, Section 28. REPEALER inconsistent herewith are hereby repealed to the extent of such inconsistency. . This Ordinance shall become effective upon the final Section 29. EFFECTIVE DATE passage of this Ordinance. 31 San Marcos GORB 2012 - Delegated: Ordinance