Ord 2013-023/Electric System Revenue Bonds in an amount not to exceed $19,500,000

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any accrued interest and sale proceeds to be used to pay capitalized interest for the Bonds, if any, shall be deposited as provided in Section 4.01; an amount sufficient to pay the remaining costs of issuance of the Bonds and the cost of acquiring, purchasing, constructing, improving, enlarging, and equipping the improvements being financed with the proceeds of the Bonds shall be deposited in the Bond Proceeds Account to be used for such purposes. Any sale proceeds of the Bonds remaining after making all deposits and payments provided for above shall be deposited into the Interest and Sinking Account and applied to the payment of principal of and interest on the Bonds. Section 7.02. MAILED NOTICES. Except as otherwise required herein, all notices required or authorized to be given to the City, any Bond Insurer (as defined in, and pursuant to, Section 3.06 hereof) or the Paying Agent /Registrar pursuant to this First Supplement shall be in writing and shall be sent by registered or certified mail, postage prepaid, to the following addresses or otherwise given in a manner deemed, in writing, acceptable to the party to receive the notice: 1. to the City: City of San Marcos, Texas 630 East Hopkins Street San Marcos, Texas 78666 Attn: Assistant City Manager /Director of Finance Telephone: (512) 393 -8179 Facsimile: (512) 392 -4612 2. to the Paving Agent/Registrar: Regions Bank 1717 St. James Place, Suite 500 Houston, Texas 77056 Attn: Corporate Trust Division Telephone: (713) 426 -1703 Facsimile: (713) 693 -5303 3. to any Bond Insurer: The address, phone number and fax number specified by the Bond Insurer or to such other addresses as may from time to time be furnished to the parties, effective upon the receipt of notice thereof given as set forth above. Section 7.03. DEFEASANCE OF BONDS. (a) Deemed Paid. The principal of and/or the interest and redemption premium, if any, on any Bonds shall be deemed to be Defeased Debt within the meaning of the Master Ordinance, except to the extent provided in subsections (c) and (e) of this Section, when payment of the principal of such Bonds, plus interest thereon to the due date or dates (whether such due date or dates be by reason of maturity, upon redemption, or otherwise) either (i) SanMARCOS \ElectricUtilSysRevBonds \2013: 1 stS uppOrdinance 21