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Ord 2013-022/Electric Utility System Revenue Financing Program
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Ord 2013-022/Electric Utility System Revenue Financing Program
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Last modified
4/3/2014 11:14:03 AM
Creation date
6/10/2013 10:40:05 AM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2013-22
Date
4/2/2013
Volume Book
196
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itself, the right to issue Special Project obligations secured by liens on and pledges of revenues and <br />proceeds derived from Special Projects. <br />Section 17. FURTHER PROCEDURES. Each Authorized Representative and the other <br />officers, employees, and agents of the City, shall be and they are hereby expressly authorized, <br />empowered, and directed from time to time and at any time to do and perform all such acts and <br />things and to execute, acknowledge, and deliver in the name and under the corporate seal and on <br />behalf of the City all such instruments, whether or not herein mentioned, as may be necessary or <br />desirable in order to carry out the intent, the terms, and the provisions of this Master Ordinance, <br />including with respect to the initial issuance of Parity Debt, approving any technical changes or <br />corrections to this Master Ordinance necessary in order to (i) correct any ambiguity or mistake or <br />properly or more completely document the transactions contemplated by this Master Ordinance, (ii) <br />obtain a rating from any of the national bond rating agencies or satisfy requirements of a municipal <br />bond insurer insuring such Parity Debt or a provider under a Credit Agreement related to such Parity <br />Debt, or (iii) obtain the approval of such Parity Debt by the State's Attorney General's Office. <br />Section 18. RULES OF INTERPRETATION. For purposes of this Master Ordinance, <br />except as otherwise expressly provided or the context otherwise requires: <br />(a) The words "herein," "hereof' and "hereunder" and other similar words refer to this <br />Master Ordinance as a whole and not to any particular Article, Section, or other subdivision. <br />(b) The definitions in a Section are applicable whether the terms defined are used in the <br />singular or the plural. <br />(c) All accounting terms that are not defined in this Master Ordinance have the meanings <br />assigned to them in accordance with then applicable accounting principles. <br />(d) Any pronouns used in this Master Ordinance include both the singular and the plural and <br />cover both genders. <br />(e) Any terms defined elsewhere in this Master Ordinance have the meanings attributed to <br />them where defined. <br />(f) The captions or headings are for convenience only and in no way define, limit or describe <br />the scope or intent, or control or affect the meaning or construction, of any provisions or sections <br />hereof. <br />(g) Any references to Section numbers are to Sections of this Master Ordinance unless stated <br />otherwise. <br />SanMARCOS \ElectricUtilSysRevBonds \2013: MasterOrdinance 16 <br />
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