O-2019-3769 Authorizing and ordering the issuance, sale, and delivery of City of La Porte General Obligation Refunding Bonds, Series 2020

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authorizing the issuance of the Refunded Obligations shall be, with respect to the Refunded Obligations, discharged, terminated and defeased. ARTICLE II. DEFINITIONS AND INTERPRETATIONS Section 2.1.: Definitions. As used herein, the following terms shall have the meanings specified, unless the context clearly indicates otherwise: "Act" shall mean Chapter 1207, Texas Government Code, as amended. "Attorney General" shall mean the Attorney General of the State of Texas. "Authorized Representatives" shall mean each of the Mayor, the City Manager, the Assistant City Manager and the Director of Finance of the City. "Bond" or "Bonds" shall mean any or all of the City of La Porte, Texas, General Obligation Refunding Bonds, Series 2020, authorized by this Ordinance. "City" shall mean the City of La Porte, Texas, and, where appropriate, its City Council. "City Council" shall mean the governing body of the City. "Code" shall mean the Internal Revenue Code of 1986, as amended. "Comptroller" shall mean the Comptroller of Public Accounts of the State of Texas. "DTC" shall mean The Depository Trust Company, New York, New York, or any successor securities depository. "DTC Participant" shall mean brokers and dealers, banks, trust companies, clearing corporations and certain other organizations on whose behalf DTC was created to hold securities to facilitate the clearance and settlement of securities transactions among DTC Participants. "Debt Service Fund" shall mean the General Obligation Refunding Bonds, Series 2020, Debt Service Fund established by the City and described in section 5.2 of this Ordinance. "Escrow Agent" shall mean the place of payment for the Refunded Obligations or trust company or commercial bank identified in the Escrow Agreement, and its successors in such capacity. "Escrow Agreement" shall mean an agreement between the City and the Escrow Agent relating to the deposit of funds to pay the Refunded Obligations. "Fiscal Year" shall mean the City's then designated fiscal year, which currently is the twelve- month period beginning on the first day of October of a calendar year and ending on the last day