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(f) Upon the issuance of the refunding bonds herein and the deposit of moneys and <br />investments herein authorized, the Refunded Obligations shall no longer be <br />regarded as being outstanding, except for the purpose of being paid from such <br />moneys and investments, and the pledges, liens, trusts and all other covenants, <br />provisions, terms and conditions of the ordinances authorizing the issuance of the <br />Refunded Obligations shall be, with respect to the Refunded Obligations, <br />discharged, terminated and defeased. <br />ARTICLE II. <br />DEFINITIONS AND INTERPRETATIONS <br />Section 2.1.: Definitions. As used herein, the following terms shall have the meanings <br />specified, unless the context clearly indicates otherwise: <br />"Act" shall mean Chapter 1207, Texas Government Code, as amended. <br />"Attorney General" shall mean the Attorney General of the State of Texas. <br />"Authorized Representatives" shall mean any two of the Mayor, the City Manager, the <br />Assistant City Manager and the Finance Director of the City. <br />"Bond" or "Bonds" shall mean any or all of the City of La Porte, Texas, General <br />Obligation Refunding Bonds, Series 2016, authorized by this Ordinance. <br />"City" shall mean the City of La Porte, Texas, and, where appropriate, its City Council. <br />"City Council" shall mean the governing body of the City. <br />"Code" shall mean the Internal Revenue Code of 1986, as amended. <br />"Comptroller" shall mean the Comptroller of Public Accounts of the State of Texas. <br />"DTC" shall mean The Depository Trust Company, New York, New York, or any <br />successor securities depository. <br />"DTC Participant" shall mean brokers and dealers, banks, trust companies, clearing <br />corporations and certain other organizations on whose behalf DTC was created to hold securities <br />to facilitate the clearance and settlement of securities transactions among DTC Participants. <br />"Debt Service Fund" shall mean the General Obligation Refunding Bonds, Series 2016, <br />Debt Service Fund established by the City and described in section 5.2 of this Ordinance. <br />2 <br />HOU:3622910.1 <br />