O-1991-1755 - Laserfiche WebLink

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e e [FORM OF REGISTRATION CERTIFICATE OF THE COMPTROLLER OF PUBLIC ACCOUNTS]. .To be printed or attached to Initial Bonds only , COMPTROLLER'S REGISTRATION CERTIFICATE: REGISTER NO. I hereby certify that this Bond has been examined, certified as to validity, and approved by the Attorney General of the S ta te of Texas, and that this Bond has been registered by the Comptroller of Public Accounts of the State of Texas. Witness my signature and seal this Comptroller of Public Accounts of the State of Texas COMPTROLLER'S SEAL SECTION 7. DEFINITIONS. As used in this Ordinance, the following terms shall ,have the meanings set forth below, unless the text hereof specifically indicates otherwise: (a) The term "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 term "AMBAC Indemnity" shall mean AMBAC Indemnity Corporation, a Wisconsin-domiciled stock insuran~e company. (c) The terms "Bond" or "Bonds" shall mean one or more, as the case may be, of the Bonds authorized to be issued by this Ordinance. (d) The terms "City" and "Issuer" shall mean the City of La Porte, Texas, or where appropriate the City Council thereof. (e) The term "City Council" shall mean the governing body of the City. (f) The term "Interest and Sinking Fund" means the fund provided for in Section 11 hereof. (g) The term "Municipal Bond Guaranty Insurance Policy" shall mean the municipal bond guaranty insurance policy issued by AMBAC Indemnity Insuring the payment when due of the principal of and interest on the Bonds as provided therein. (h) The term "Net Revenues" means all gross revenues of the System after deducting the necessary and reasonable expenses of operation 11