Laserfiche WebLink
<br /> ((7£ <br /> ORDINANCE NO. <br /> - <br /> AN ORDINAi'lCE OF THE OTY COUNOL OF THE OTY OF SAN MARCOS, <br /> TEXAS, AUTHORIZING THE ISSUANCE AND SALE OF OTY OF SAN MARCOS, <br /> TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE BONDS, SERIES 1996- <br /> B, IN THE AGGREGATE PRINOPAL AMOUNT OF $7,500,000; PRESCRIBING <br /> THE FORM OF SAID BONDS; PROVIDING FOR THE SECURITY FOR AND <br /> PAYMENT OF SAID BONDS; AWARDING THE SALE THEREOF; APPROVING <br /> THE OFFICIAL STATEMENT; ENACTING OTHER PROVISIONS RELATING TO <br /> THE SUBJECT; AND DECLARING AN EMERGENCY <br /> WHEREAS, this City Council (the "City Council"), by resolution adopted on November 4, 1996, <br /> directed publication of notice of the intention of the City of San Marcos, Texas (the "City") to issue not to exceed <br /> $7,500,000 waterworks and sewer system revenue bonds of the City for the purposes set forth in such notice; <br /> WHEREAS, such notice was published in the manner and to the extent required by law; <br /> WHEREAS, there has not been filed with the City Secretary or any other office of the City a petition <br /> protesting the issuance of such revenue bonds and requesting an election on same; and <br /> WHEREAS, it is affirmatively found and determined that the City is authorized to proceed \\'ith the <br /> issuance and sale of such revenue bonds as authorized by the laws of the S tate of Texas, including, particularly, <br /> Tex. Rev. Civ. Stat Ann. arts. 2368a and 1111, et seq.; Now, Therefore <br /> . <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br /> ARTICLE I <br /> DEFINITIONS AND OTHER PRELIMINARY Nf.A TTERS <br /> Section 1.01. Definitions. <br /> - ünless otherwise expressly provided or unless the context clearly requires otherwise, in this Ordinance <br /> the following terms shall have the meanings specified below: <br /> "Additional Parity Obligations" meàns those obligations the City reserves the right to issue on a parity <br /> with the Bonds, herein authorized in accordance with the terms and conditions prescribed in Section 9.0 I hereof. <br /> "Bond" means any of the Bonds. <br /> "Bonds" means the City's bonds entitled "City of San Marcos, Texas, Waterworks and Sewer System <br /> Revenue Bonds, Series 1996-B" authorized to be issued by Section 3.01 of this Ordinance. <br /> "Closing Date" means the date of the initial delivery of and payment for the Bonds. <br /> "Code" means the Internal Revenue Code of 1986, as amended, including applicable regulations, <br /> published rulings and court decisions relating thereto. <br /> It. ~\ wwu. """"'CT<)aDNCUN <br />