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<br /> ):¡9tJD <br /> may deem appropriate in order to consummate the delivery of the <br /> Bonds in accordance with the Purchase Contract. <br /> (d) The obligation of the Purchaser to accept delivery of <br /> the Bonds is subject to the Purchaser being furnished with the <br /> final, approving opinion of Hutchison Boyle Brooks & Fisher, A <br /> Professional Corporation, Bond Counsel for the City, which opinion <br /> shall be dated and delivered the Closing Date. <br /> Section 7.02. Control and Deliverv of Bonds. <br /> (a) The Mayor is hereby authorized to have control of the <br /> Initial Bonds and all necessary records and proceedings pertaining <br /> thereto pending investigation, examination and approval of the <br /> Attorney General of the State of Texas, registration by the <br /> Comptroller of Public Accounts of the State of Texas, and <br /> registration with, and initial exchange or transfer by, the Paying <br /> Agent/Registrar. <br /> (b) After registration by the Comptroller of Public <br /> Accounts, delivery of the Bonds shal1 be made to the Purchaser under <br /> and subject to the general supervision and direction of the Mayor, <br /> against receipt by the City of all amounts due to the City under the <br /> terms of sale. <br /> .. <br /> ARTICLE VIII <br /> INTEREST AND SINKING FUNDi DEPOSIT OF PROCEEDS <br /> AND APPLICATION OF MONEY; INVESTMENTS <br /> Section 8.01. Interest and Sinkinq Fund. <br /> (a) The City hereby establishes the City of San Marcos, <br /> Texas, General Obligation Refunding Bonds, Series 1993, Interest and <br /> Sinking Fund. <br /> , <br /> (b) The Interest and Sinking Fund shall be maintained at an <br /> official depository of the City. <br /> (c) The taxes levied under Section 2.01 shall be deposited <br /> to the credit of the Interest and Sinking Fund at such times and in <br /> such amounts as necessary for the timely payment of the principal of <br /> and interest on the Bonds. <br /> (d) If the amount of money in the Interest and Sinking Fund <br /> is at least equal to the aggregate principal amount of the <br /> outstanding Bonãs plus the aggregate amount of interest due and that <br /> will become due and payable on such Bonds, no further deposits to <br /> that fund need be made. In determining the aggregate principal <br /> amount of outstanding Bonds, there shall be subtracted the amount of <br /> 4579f <br /> -26- <br />