Ord 1996-032 - Laserfiche WebLink

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?gF - ARTICLE I DEFINITIONS AND OTHER PRELllv1INARY MATTERS Section 1. 01. Definitions, Unless otherváse expressly provided or unless the context clearly requires otherwise, in this Ordinance the following terms shall have the meanings specified below: "Additional Parity Obligations" means those obligations the City reserves the right to issue on a parity "vith the Bonds, herein authorized in accordance with the terms and conditions prescribed in Section 9.01 hereof "Bond" means any of the Bonds. "Bonds" means the City's bonds entitled "City of San Marcos, Texas, Waterworks and Sewer System Revenue Bonds, Series 1996-A" authorized to be issued by Section 3,01 of this Ordinance. "Closing Date" means the date of the initial delivery of and payment for the Bonds. "Code" means the Internal Revenue Code of 1986, as amended, including applicable regulations, published rulings and court decisions relating thereto. "Designated Payment/Transfer Office" means (i) with respect to the initial Paying Agent/Registrar named herein, its corporate trust office in Dallas, Texas, and (ii) with respect to any successor Paying Agent/Registrar, the office of such successor designated and located as may be agreed upon by the City and such successor. "DTC" shall mean The Depository Trust Company of New York, New York, or any successor securities depository. "DTC Participant" shall mean any broker, dealer, bank, trust company, clearing corporation or certain other organizations with Bonds credited to an account maintained on its behalf by DTc. "Event of Default" means any Event of Default as defined in Section 11. 0 1 of this Ordinance. "Fiscal Year" means twelve months' period beginning October 1 of each year. and ending September 30 of the succeeding year. "Initial Bond~ means the Bond described in Section 3.04(d) and 6.02(d). "Interest and Sinking Fund" means the interest and sinking fund established by Section 8.01(b) of this Ordinance. R:'~"""""'\WWSS.'MDOCS'.oI\D"Œ."" 2