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extinguished in accordance with the terms thereof. <br />"Permitted Investments" means any security or obligation or combination thereof permitted <br />under the Public Funds Investments Act, Chapter 2256, Texas Government Code, as amended or <br />other applicable law. <br />"Premium Compound Interest Bonds" means the Bonds on which no interest is paid prior to <br />maturity, maturing in various amounts and in the aggregate principal amount as set forth in the <br />Pricing Certificate. <br />"Pricing Certificate" means the Pricing Certificate of the City's Pricing Officer to be executed <br />and delivered pursuant to Section 4 hereof in connection with the issuance of the Bonds. <br />"Pricing Officer" means the City Manager, acting as the designated pricing officer of the City <br />to execute the Pricing Certificate. In the absence of the City Manager, the Director of Finance may <br />act as the designated pricing officer of the City to execute the Pricing Certificate. <br />"Rating Agency" means any nationally recognized securities rating agency which has <br />assigned, at the request of the City, a rating to the Parity Obligations. <br />"Record Date" means Record Date as defined in Section 7 the Form of Bonds. <br />"Redemption Date" means a date fixed for redemption of any Bond pursuant to the terms of <br />this Ordinance. <br />"Refunded Obligations" means those Refundable Obligations designated by the Pricing <br />Officer in the Pricing Certificate to be refunded. <br />"Refundable Obligations" means all or a portion of the City's outstanding ad valorem tax <br />obligations, waterworks and waste water revenue obligations and electric utility system obligations. <br />"Register" or "Registration Books" means the registry system maintained on behalf of the <br />City by the Registrar in which are listed the names and addresses of the Registered Owners and the <br />principal amount of Bonds registered in the name of each Registered Owner. <br />"Replacement Bonds" means the Bonds authorized by the City to be issued in substitution <br />for lost, apparently destroyed, or wrongfully taken Bonds as provided in Section 10 of this <br />Ordinance. <br />"Rule" means SEC Rule 15c2 -12, as amended from time to time. <br />"SEC" means the United States Securities and Exchange Commission. <br />San Marcos GORB 2012 - Delegated: Ordinance A-4 <br />