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FIRST SUPPLEMENTAL ORDINANCE TO THE MASTER ORDINANCE <br />ESTABLISHING THE CITY OF SAN MARCOS, TEXAS ELECTRIC UTILITY SYSTEM <br />REVENUE FINANCING PROGRAM; AUTHORIZING THE ISSUANCE OF CITY OF SAN <br />MARCOS ELECTRIC UTILITY SYSTEM REVENUE BONDS IN AN AMOUNT NOT TO <br />EXCEED $19,5009000 FOR THE PURPOSE OF PAYING THE COSTS OF ACQUIRING, <br />PURCHASING, CONSTRUCTING, IMPROVING, ENLARGING OR EQUIPPING THE <br />CITY'S ELECTRIC UTILITY SYSTEM; PROVIDING FOR APPROVAL OF THIS <br />ORDINANCE ON ONE READING ONLY AS AUTHORIZED BY STATE LAW; AND <br />PROVIDING AN EFFECTIVE DATE <br />TABLE OF CONTENTS <br />SECTION PAGE <br />ARTICLE I BONDS ISSUED UNDER ELECTRIC UTILITY SYSTEM <br />REVENUE FINANCING PROGRAM ................... ............................... 1 <br />Section1.01. DEFINITIONS ............................................................ ............................... <br />Section 1.02. ESTABLISHMENT OF FINANCING PROGRAM <br />AND ISSUANCE OF PARITY DEBT ....................... ............................... 2 <br />Section 1.03. THIRD SUPPLEMENT TO CONSTITUTE A CONTRACT; <br />EQUALSECURITY ................................................... ............................... 2 <br />Section 1.04. LIMITATION OF BENEFITS WITH RESPECT TO THIS <br />THIRDSUPPLEMENT .............................................. ............................... 2 <br />ARTICLE II BOND AUTHORIZATION AND SPECIFICATIONS ....................... 3 <br />Section 2.01. <br />AMOUNT, PURPOSE AND DESIGNATION OF THE BONDS ............ 3 <br />Section 2.02. <br />DATE, DENOMINATIONS, NUMBERS, MATURITIES AND <br />TERMSOF BONDS ................................................... ............................... 3 <br />Section 2.03. <br />PAYMENT OF BONDS; PAYING AGENT/REGISTRAR ..................... 5 <br />Section2.04. <br />REDEMPTION ........................................................... ............................... 6 <br />Section 2.05. <br />REGISTRATION; TRANSFER; EXCHANGE OF BONDS; <br />PREDECESSOR BONDS; BOOK - ENTRY -ONLY SYSTEM; <br />SUCCESSOR SECURITIES DEPOSITORY; PAYMENTS TO <br />CEDE& CO . .............................................................. ............................... <br />7 <br />Section2.06. <br />INITIAL BOND ........................................................ ............................... <br />10 <br />Section2.07. <br />FORM OF BONDS ................................................... ............................... <br />10 <br />ARTICLE III EXECUTION; REPLACEMENT OF BONDS; AND BOND <br />INSURANCE........................................................... ............................... 10 <br />Section 3.01. EXECUTION AND REGISTRATION .................... ............................... 11 <br />Section 3.02. CONTROL AND CUSTODY OF BONDS .............. ............................... 11 <br />Section 3.03. PRINTED OPINION ................................................ ............................... 11 <br />SanMARCOS \ElectricUtilSysRevBonds\2013: 1 stSuppOrdinance <br />