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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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Section 7.02. All notices and communications to the Treasurer shall be addressed in writing <br /> to: City Treasurer, City of Decatur, 1 Gary K. Anderson Plaza, Decatur, Illinois 62523. <br /> Section 7.03. All notices and communications to the Escrow Agent shall be addressed in <br /> writing to: Corporate Trust Department, U.S. Bank National Association, 10 W. Market Street, <br /> Suite 830, Indianapolis, Indiana 46204. <br /> ARTICLE VIII <br /> TERMINATION OF AGREEMENT <br /> Section 8.01. That, upon final disbursement of funds sufficient to pay the principal and <br /> interest of the Refunded Bonds as hereinabove provided for, the Escrow Agent will transfer any <br /> balance remaining in the Escrow Account to the Treasurer with due notice thereof mailed to the <br /> Council, and thereupon this Agreement shall terminate. <br /> [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] <br /> EXHIBIT A <br /> -10- <br />
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