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<br /> such bonds in a single issue, in accordance with the Constitution <br /> and laws of the State of Texas, including Article 1175, V.A.T.C.S., <br /> and the Home Rule Charter of the City; Now, Therefore <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: <br /> ARTICLE I <br /> DEFINITIONS AND OTHER PRELIMINARY MATTERS <br /> Section 1. 01. Definitions. <br /> Unless otherwise expressly provided or unless the context <br /> clearly requires otherwise, in this Order the following terms shall <br /> have the meanings specified below: <br /> "Bond" means any of the Bonds. <br /> "Bonds" means the City's bonds entitled "City of San Marcos, <br /> Texas, General Obligation Bonds, Series 1991" in the aggregate <br /> principal amount of $3,595,000 authorized to be issued by Section <br /> 3.01 of this Order. <br /> "Closing Date" means the date of the initial delivery of and <br /> payment for the Bonds. <br /> "Code" means the Internal Revenue Code of 1986, as amended, <br /> including the regulations and published rulings thereunder. <br /> "City Council" means the governing body of the City. <br /> "Construction Fund" means the construction fund established by <br /> Section 7.01(a)(ii) of this Order. <br /> "Event of Default" means any Event of Default as defined in <br /> Section 10.01 of this Order. <br /> "Holder" or "Owner" means the person who is the registered <br /> owner of a Bond or Bonds, as shown in the Register. <br /> "Initial Bond" means the Bond described in Section 3.04(d) and <br /> 6.02(d). <br /> "Interest and Sinking Fund" means the interest and sinking <br /> fund established by Section 7.01(a) of this Order. <br /> "Interest Payment Date" means the date or dates upon which <br /> interest on the Bonds is scheduled to be paid until the maturity of <br /> the Bonds, such dates being February I and August I of each year <br /> commencing February I, 1992. <br /> "Ordinance" means this Ordinance. <br /> 4177£ <br /> -2- <br />