Laserfiche WebLink
Variable Rate Obligation: any Obligation, including, without limitation, <br /> an auction rate Obligation, issued with a variable, adjustable, convertible or other similar <br /> interest rate which is not fixed for the entire term of such Obligation. The interest rate <br /> payable with respect to a Variable Rate Obligation may be determined under a <br /> remarketing arrangement, with or without reference to an index, through an auction <br /> procedure, or by any other procedure determined by Series Ordinance, provided that the <br /> Series Ordinance shall in any event establish the maximum rate which may be payable <br /> with respect to such Variable Rate Obligation. <br /> Water Enterprise Fund: the funds and accounts of the City used to <br /> account for the financial operations of the System as a whole. <br /> Water System or System: the municipal water system presently owned <br /> and operated by the City, acting by and through the Enterprise, together with all <br /> Equipment and Improvements to such water system (but excluding Special Facilities), <br /> and any other property or facilities hereafter specifically added to the water system by <br /> ordinance of the Council. The term Water System or System includes both the Supply <br /> Assets and the Treatment and Distribution Assets and may include, as determined by <br /> Council, any assets at the time permitted by law to be acquired or operated in connection <br /> with the System. The service area of the System includes the present service area <br /> together with any additional areas permitted by law and designated by the Council, less <br /> any areas removed by action of the Council as permitted by law. <br /> Section 1.02. Construction. This Ordinance and any Series Ordinance, Supplemental <br /> Resolution or Final Terms Certificate, except where the context by clear implication.herein <br /> otherwise requires, shall be construed as follows: <br /> (1) Words in the singular include the plural, and words in the plural <br /> include the singular. <br /> (2) Words in the masculine gender include the feminine and the <br /> neuter, and when the sense so indicates words of the neuter gender refer•to any gender. <br /> (3) Articles, sections, subsections, paragraphs and subparagraphs <br /> mentioned by number, letter, or otherwise, correspond to the respective articles, sections, <br /> subsections, paragraphs and subparagraphs of this Ordinance or of any Series Ordinance, <br /> Supplemental Resolution or Final Terms Certificate so numbered or otherwise so <br /> designated. <br /> (4) The titles and leadlines applied to articles, sections and subsections <br /> of this Ordinance, a Series Ordinance, a Supplemental Resolution or a Final Terms <br /> Certificate are inserted only as a matter of convenience and ease of reference and in no <br /> way define or limit the scope or intent of any provisions of this Ordinance, a Series <br /> Ordinance, a Supplemental Resolution or a Final Terms Certificate. <br /> 1/866939v11 1 1 <br />