Res 1995-121 - Laserfiche WebLink

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(01..(1 V Authorized But Unissued Revenue Bonds Amount Amount Date Amount Heretofore Being Unissued Purnose Authorized Authorized Issued Issued Balance Wastewater Plant Facilities 09/08190 S 2,000,000 S 200,000 S 0 $ 1,SOO,000 Water Treatment Facilities 09/08190 8,500,000 650,000 I,OOO,OOO 6,850,000 WatJ:r & Sewer System 09/08190 6.330.000 1.000.000 0 5.330.000 S16,830,000 $1,850,000 S1,000,000 S13,980,000 ~~ Anticipated Issuance of Revenue Bonds I The City does anticipate the issuance of$5,500,000 in revenue bonds within the next six to twelve months. Selected Provisions of the Bond Ordinance The City of San Marcos will adopt an ordinance (the "Ordinance") authorizing the Bonds, which will be in substantially the same form as the ordinance(s) authorizing the outstanding bonds, selected provisions ofwbich are shown below: . . . Section 1.01." DefInitions. Unless otherwise 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 with the Bonds, he:rein authorized in accordance with the terms and conditions prescribed in Section 9.02 he=f. "Bond" means any of the Bonds. . "Bonds" means the: City's bonds entitled "City of San Marcos, Texas, Waterworks and Sewer System Revenue Refunding and Improvement Bonds, Series 1995" 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. "Construction Fund" means the: construction fund established by Section 8.0l(a) of this Ordinance. "Designated Payme:ntITransfer Office' means (i) with respect to the initial Paying AgentlRegistrar named herein, its corporate trust office in Dallas, Texas, and (ü) with respect to any successor Paying AgentlRcgistrar, 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. "Escrow Agent" means Texas Commerce Bank National Association. "Escrow Agreement" means the escrow agreement, dated as of , 1995, by and between the City and the Escrow Agent. "Escrow Fund" means the fund referred to in Section 7.04, 8.01 and 9.01 of this Ordinance and established by the Escrow Agreement to hold cash and securities for the payment of principal of and interest on the Refunded Bonds. "Event of Default" means any Event of Default as defined in Section 10.01 of this Ordinance.