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2019-46 Ordinance Providing for the Issuance of not to Exceed $9,300,000 General Obligation Bonds, Series 2019 of the City for One or More of the Following Purposes: Refunding Certain Outstanding Bonds of the City, Improving the Decatur Public Library
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2019-46 Ordinance Providing for the Issuance of not to Exceed $9,300,000 General Obligation Bonds, Series 2019 of the City for One or More of the Following Purposes: Refunding Certain Outstanding Bonds of the City, Improving the Decatur Public Library
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Last modified
1/13/2020 11:12:38 AM
Creation date
6/18/2019 7:08:15 PM
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Resolution/Ordinance
Res Ord Num
2019-46
Res Ord Title
2019-46 Ordinance Providing for the Issuance of not to Exceed $9,300,000 General Obligation Bonds, Series 2019 of the City for One or More of the Following Purposes: Refunding Certain Outstanding Bonds of the City,
Department
Finance
Approved Date
6/17/2019
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"Bond Registrar" means U.S. Bank National Association, Indianapolis, Indiana, or a <br /> successor thereto or a successor designated as Bond Registrar hereunder;provided, however, the <br /> Bond Registrar for the Project Bonds may be the Purchaser thereof. <br /> "City Clerk"means the City Clerk of the City. <br /> "Code"means the Internal Revenue Code of 1986, as amended. <br /> "County Clerk"means the County Clerk of The County of Macon, Illinois. <br /> "Designated Officials" means the Mayor, the City Manager of the City and the Director <br /> of Finance of the City, acting together. <br /> "Escrow Agent" means U.S. Bank National Association, Indianapolis, Indiana, or a <br /> successor thereto or a successor designated as Escrow Agent under the Escrow Agreement. <br /> "Escrow Agreement"means the agreement by and between the City and the Escrow Agent <br /> as authorized in Section 15 hereof and set forth as Exhibit A. <br /> "Mayor"means the Mayor of the City. <br /> "Ordinance" means this Ordinance, numbered as set forth on the title page hereof, and <br /> passed by the Council on the 17th day of June, 2019. <br /> "Paying Agent" means U.S. Bank National Association, Indianapolis, Indiana, or a <br /> successor thereto or a successor designated as Paying Agent hereunder;provided, however, the <br /> Paying Agent for the Project Bonds may be the Purchaser thereof. <br /> "Pledged Ta�ces" means the taxes levied on the taxable property within the City to pay <br /> principal of and interest on the Bonds as made in Section 12 hereof. <br /> "Purchaser" means (i) for the Refunded Bonds, Raymond James & Associates, Inc., <br /> Chicago, Illinois ("Raymond James"), and (ii) for the Project Bonds, (a) in a negotiated <br /> underwriting, Raymond James, or (b) in a private placement, a bank or financial institution <br /> authorized to do business in the State of Illinois. <br /> -5- <br />
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