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designing and improving the existing City animal shelter; (3) acquisition and installation of energy
<br />efficiency improvements for City facilities; (4) constructing and improving the City's drainage
<br />facilities; (5) constructing and improving the City's electric system including replacement and
<br />upgrade of substation power transformer T -1; (6) upgrading technology for City facilities; (7)
<br />engineering, architecture and other related costs for future capital improvement planning; (8)
<br />acquisition of public safety equipment and fire trucks; (9) constructing, improving, extending,
<br />expanding, upgrading and developing City streets, bridges, sidewalks, intersections and related
<br />traffic improvements including purchasing any necessary rights -of -way, equipment, pedestrian and
<br />bike routes, traffic signalization, updating traffic master plan and implementing railroad quiet zones;
<br />(10) acquiring property for transit stop; (11) constructing, improving and extending the City's water
<br />and waste water system; and (12) the payment of professional services in connection therewith
<br />including legal, fiscal and engineering fees and the costs of issuing the Certificates.
<br />Section 3.02. Date, Denominations, Maturities, Numbers and Interest and Terms of the
<br />Certificates.
<br />(a) Terms of the Certificates. There initially shall be issued, sold and delivered under
<br />this Ordinance fully registered certificates, in one or more series, without interest coupons, which
<br />may be in the form of current interest certificates, numbered consecutively from R -1 upward (except
<br />the Initial Certificate (as defined in Section 3.04(d) hereof) delivered to the Attorney General of the
<br />State of Texas which shall be numbered T -1) payable to the initial registered owner(s) (as designated
<br />in subsection (c) of this Section), or to the registered assignee or assignees of said Certificates or any
<br />portion or portions thereof (in each case, the "Registered Owner" or the "Owner "), in the
<br />denomination of $5,000 or any integral multiple thereof, maturing not later than August 15, 2033,
<br />serially or otherwise on the dates, in the years and in the principal amounts, respectively, and dated,
<br />all as set forth in the Pricing Certificate by the Pricing Officer pursuant to subsection (b) of this
<br />Section. The Pricing Certificate is hereby incorporated in and made a part of this Ordinance.
<br />In the event the Pricing Certificate (and any purchase agreement as provided in subsection
<br />(c) of this Section) shall not be executed on or before 5:00 p.m. on April 2, 2014, the delegation to
<br />the Pricing Officer pursuant to this Ordinance shall cease to be effective unless the City Council of
<br />the City shall act to extend such delegation. Certificates priced on or before April 2, 2014 may be
<br />delivered to the initial purchaser after such date.
<br />(b) Selling and Delivering the Certificates. As authorized by Chapter 1371, Texas
<br />Government Code, as amended, the Pricing Officer is hereby authorized to act on behalf of the City
<br />in selling and delivering one or more series of the Certificates and carrying out the other procedures
<br />specified in this Ordinance, the date of the Certificates, any additional or different designation or title
<br />by which the Certificates shall be known, the price at which the Certificates will be sold, the years
<br />in which the Certificates will mature, the principal amount to mature in each of such years, the
<br />aggregate principal amount of Certificates, the rate of interest to be borne by each such maturity, the
<br />interest payment periods, the dates, price, and terms upon and at which the Certificates shall be
<br />subject to redemption prior to maturity at the option of the City, as well as any mandatory sinking
<br />fund redemption provisions, procuring municipal bond insurance and approving modifications to this
<br />San Marcos CTRCO 2013: Ordinance
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