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<br /> <br /> <br /> <br /> <br /> <br /> subsection (a) of this Section an explanation, in nairative form, of the reason for the amendment and <br /> of the impact of any change in the type of financial information or operating data so provided. The <br /> Issuer may also amend or repeal the provisions of this continuing disclosure agreement if the SEC <br /> amends or repeals the applicable provision of the Rule or a court of final jurisdiction enters judgment <br /> that such provisions of the Rule are invalid, but only if and to the extent that the provisions of this <br /> sentence would not prevent an underwriter from lawfully purchasing or selling Bonds in the primary <br /> offering of the Bonds. <br /> <br /> (d) Definitions. As used in this Section, the following terms have the meanings ascribed to <br /> such terms below: <br /> <br /> "MSRB" means the Municipal Securities Rulemaking Board. <br /> <br /> "NRMSIR" means each person whom the SEC or its staff has determined to be a nationally <br /> recognized municipal securities information repository within the meaning of the Rule from <br /> time to time. <br /> <br /> "Rule" means SEC Rule 15c2-12, as amended from time to time. <br /> <br /> "SEC" means the United States Securities and Exchange Commission. <br /> <br /> "SID" means any person designated by the State of Texas or an authorized department, <br /> officer, or agency thereof as, and determined by the SEC or its staff to be, a state information <br /> depository within the meaning of the Rule from time to time. <br /> <br /> Section 33. SALE OF INITIAL BOND. The Initial Bond is hereby sold and shall be <br /> delivered to PRUDENTIAL-SECURITIES, INCORPORATED, for cash for the par value thereof <br /> plus accrued interest thereon to date of delivery. It is hereby officially found, determined, and <br /> declared that the Initial Bond has been sold at public sale to the bidder offering the lowest interest <br /> <br /> cost, after receiving sealed bids pursuant to an Official Notice of Sale and Bidding Instructions <br /> and Official Statement dated February 1, 1997, prepared and distributed in connection with the <br /> sale of the Initial Bond. Said Official Notice of Sale and Bidding Instructions and Official State- <br /> ment, and any addenda, supplement, or amendment thereto have been and are hereby approved <br /> by the governing body of the Issuer, and their use in the offer and sale of the Bonds is hereby ap- <br /> proved. It is further officially found, determined, and declared that the statements and repre- <br /> sentations contained in said Off'icial Notice of Sale and Official Statement are true and conect in <br /> all material respects, to the best knowledge and belief of the governing body of the Issuer. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 39 <br />