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<br />"Attorney General" shall mean the Attorney General of the State of Texas. <br /> <br />"Authorized Denomination" shall mean $100,000 and any integral multiple of $5,000 in <br />excess thereof. <br /> <br />"City" shall mean the City of La Porte, Texas and, where appropriate, its City Council. <br /> <br />"City Council" shall mean the governing body of the City. <br /> <br />"Code" shall mean the Internal Revenue Code of 1986, as amended. <br /> <br />"Comptroller" shall mean the Comptroller of Public Accounts of the State of Texas. <br /> <br />"Construction Fund" shall mean the Public Property Finance Contractual Obligations, <br />Series 2006 Construction Fund established by the City and described in section 5.3 of this <br />Ordinance. <br /> <br />"Debt Service Fund" shall mean the Public Property Finance Contractual Obligations, <br />Series 2006 Debt Service Fund established by the City and described in section 5.2 of this <br />Ordinance. <br /> <br />"Fiscal Year" shall mean the City's then designated fiscal year, which currently is the <br />twelve-month period beginning on the first day of October of a calendar year and ending on the <br />last day of September of the next succeeding calendar year and each such period may be <br />designated with the number of the calendar year in which such period ends. <br /> <br />"Interest Payment Date," when used in connection with any Obligation, shall mean July <br />25, 2006, and each January 25 and July 25 thereafter until maturity or earlier redemption of such <br />Obligation. <br /> <br />"Issuance Date" shall mean the date on which the Obligations are delivered to and paid <br />for by the Purchaser. <br /> <br />"Obligation" or "Obligations" shall mean any or all of the City of La Porte, Texas, Public <br />Property Finance Contractual Obligations, Series 2006, authorized by this Ordinance. <br /> <br />"Ordinance" shall mean this Ordinance and all amendments hereof and supplements <br /> <br />hereto. <br /> <br />"Outstanding," when used with reference to the Obligations, shall mean, as of a particular <br />date, all Obligations theretofore and thereupon delivered pursuant to this Ordinance except: <br />(a) any Obligations canceled by or on behalf of the City at or before such date; (b) any <br />Obligations defeased pursuant to the defeasance provisions of this Ordinance or otherwise <br />defeased as permitted by applicable law; and (c) any Obligations in lieu of or in substitution for <br />which a replacement Obligation shall have been delivered pursuant to this Ordinance. <br /> <br />"Paying AgentJRegistrar" shall mean Wachovia Bank, National Association, Austin, <br />Texas, and its successors in that capacity. <br /> <br />2 <br /> <br />HOU:2516661.4 <br />