Ord 1992-033 - Laserfiche WebLink

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ARTICLE I DEFINITIONS AND OTHER PRELIMINARY MATTERS 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: "Bond" means any of the Bonds. "Bonds" means the City's bonds entitled "City of San Marcos, Texas, General Obligation Bonds, Series 1992" 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 8.01(a) of this Ordinance. "Event of Default" means any Event of Default as defined in Section 10.01 of this Ordinance. "Initial Bond" means the Bond described in Section 3.04(d) and 6.02{d). .t Interest and Sinking Fund" means the interest and sinking fund established by Section 8.01{a) of this Ordinance. "Interest Payment Date" means the date or dates upon which interest on the Bonds is scheduled to be paid until the maturity of the Bonds, such dates being February 1 and August I of each year commencing February 1, 1993. "Ordinance" means this Ordinance. "Original Issue Date" means the initial date from which interest on the Bonds accrues and which is designated il). Section 3.02{a) of this Ordinance. "Owner" means the person who is the registered owner of a Bond or Bonds, as shown in the Register. "Paying Agent/Registrar" means Ameritrust Texas National Association, any successor thereto or an entity which is appointed as and assumes the duties of paying agent/registrar as provided in this Ordinance. 4327f -2-