R-1989-01 - Laserfiche WebLink

Browse Search

. e Section l. CERTAIN DEFINITIONS When used in this Resolution, except in Sections 3.01 through 3.04, the terms listed below shall have the meanings indicate~ opposite each of them,' unless otherwise expressly provided or unless the context otherwise requires: "Act" shall mean Chapter 729, page 2,678 et seq., Acts of the 67th Legislature of the State of Texas, Regular Session, 1981, and any future amendments thereto. "Additional Bonds" shall mean the additional parity bonds which the Authority expressly reserves the right to issue in Section 8 of this Resolution which may be issued in the future. When used in the proper context, Additional Bonds may include refunding bonds. "Authority" shall mean La Porte Area Water Authority, and any other public agency succeeding to the powers, rights, privileges and functions of the Authority and, when appropriate, the Board of Directors of the Authority. "Board of Directors" or "Board" shall mean the governing body of the Authority. "Bond" or "Bonds" shall mean any Bond or all Bonds, as the case may be, of the issue of $4,800,000 La Porte Area Water Authority Contract Revenue Bonds, Series II 1988, dated as of December 1, 1988, authorized and issued pursuant to this Resolution. "Bond Fund" shall mean the Authority's interest and sinking fund for the Bonds established by Section 7.01 of this Resolution. "Construction Fund" shall mean the fund of the Authority established pursuant to Section 7.01 of this Resolution into which the balance of the proceeds of the sale of the Bonds shall be placed. "Contingency Fund" shall mean the fund established pursuant to Section 7.01 hereof and to be maintained pursuant to Section 7.06 hereof as long as the Bonds and any Additional Bonds are outstanding. "Distribution System" shall mean those facilities used to transport treated surface water from the termination of the Transmission System to each Participant's take point. 038DESAJ/024C02 -2-