O-1994-1972 - Laserfiche WebLink

Browse Search

e e [FORM OF REGISlRATION CERTIFICATE OF THE COMPTROLLER OF PUBLIC ACCOUNTS]'" "'To be printed or attached to Initial Bonds only COMPTROLLER'S REGISlRA TION CERTJFICA TE: REGISTER NO. I hereby certify that this Bond has been examined, certified as to validity, and approved by the Attorney General of the Stale of Texas, and that this Bond has been registered by the Comptroller of Public Accounts of the Stale of Texas. Witness my signature and seal this COMPTROLLER'S SEAL Comptroller of Public Accounts of the State of Texas SECTION 7. DEFINITIONS. As used in this Ordinance, the following tenns shall have the meanings set forth below, unless the text hereof specifically indicates otherwise: (a) The tenn "Additional Bonds" shall mean the additional parity obligations which the City reserves the right to issue in the future, as provided in Section 15 of this Ordinance. (b) The tenns "Bond" or "Bonds" shall mean one or more, as the case may be, of the Bonds authorized to be issued by this Ordinance. (c) The tenns "City" and "Issuer" shall mean the City of La Porte, Texas, or where appropriate the City Council thereof. (d) The tenn "City Council" shall mean the governing body of the City. (e) The tenn "Interest and Sinking Fund" means the fund provided for in Section 11 hereof. (0 The tenn "Net Revenues" means all gross revenues of the System after deducting the necessary and reasonable expenses of operation and maintenance of the System, including all salaries, labor, material, repairs, and extensions necessary to render efficient service; provided. however. that only such repairs and extensions. as in the judgment of the City Council. reasonably and fairly exercised, are necessary to keep the System in operation and render adequate service to the City and the inhabitants thereof, or such as might be necessary to meet some physical accident or condition which would otherwise impair the Parity Bonds shall be deducted in detennining the "Net Revenues". Depreciation and payments into and out of the Interest and Sinking Fund and the Reserve Fund shall never be considered as expenses of operation and maintenance. (g) The tenn "Parity Bonds" shall mean collectively the Previously Issued Parity Bonds, the Bonds, and any Additional Bonds. (h) The tenn "Parity Bonds Ordinances" shall mean collectively the ordinances authorizing the Previously Issued Parity Bonds. the Bonds. and any Additional Bonds. (i) The tenn "Previously Issued Parity Bonds" shall mean the outstanding "City of La Porte, Texas, Waterworks and Sewer System Revenue Bonds, Series 1985" the "City of La Porte, Texas, Waterworks 9