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

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ORDINANCE NO. 2013 -23 FIRST SUPPLEMENTAL ORDINANCE TO THE MASTER ORDINANCE ESTABLISHING THE CITY OF SAN MARCOS, TEXAS ELECTRIC UTILITY SYSTEM REVENUE FINANCING PROGRAM; AUTHORIZING THE ISSUANCE OF CITY OF SAN MARCOS ELECTRIC UTILITY SYSTEM REVENUE BONDS IN AN AMOUNT NOT TO EXCEED $1995009000 FOR THE PURPOSE OF PAYING THE COSTS OF ACQUIRING, PURCHASING, CONSTRUCTING, IMPROVING, ENLARGING OR EQUIPPING THE CITY'S ELECTRIC UTILITY SYSTEM; PROVIDING FOR APPROVAL OF THIS ORDINANCE ON ONE READING ONLY AS AUTHORIZED BY STATE LAW; AND PROVIDING AN EFFECTIVE DATE THE STATE OF TEXAS § CITY OF SAN MARCOS § WHEREAS, on even date herewith, the City Council of the City of San Marcos, Texas (the "City "), adopted a "Master Ordinance Establishing the City of San Marcos, Texas Electric Utility System Revenue Financing Program" (referred to herein as the "Master Ordinance "); and WHEREAS, in order to enable the City to provide for the financing of the Electric Utility System projects authorized by Chapter 1502, Texas Government Code, as amended, and any other applicable provisions of State law, the Master Ordinance establishes a revenue financing program pursuant to which the City can issue and enter into obligations, including bonds and other types of obligations, secured by and payable from a pledge of and lien on all or part of the Security, as hereinafter defined; and WHEREAS, for such purposes, the City deems it necessary to issue Parity Debt, as hereinafter defined, pursuant to this "First Supplemental Ordinance to the Master Ordinance establishing the City of San Marcos, Texas Electric Utility System Revenue Financing Program" (the "First Supplement "); and WHEREAS, the City further finds and determines that all terms and conditions for the issuance of the bonds herein authorized as Parity Debt have been or can be met and satisfied; and WHEREAS, the bonds authorized to be issued by this First Supplement are to be issued and delivered pursuant to the Enabling Act, as hereinafter defined, and other applicable State laws. NOW THEREFORE, BE IT ORDAINED BY THE CITY OF SAN MARCOS, TEXAS THAT: SanMARCOS \ElectricUtilSysRevBonds \2013: 1 stSuppOrdinance 1