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2022-05 Ordinance Providing for the Issuance of not to Exceed $26,100,000 General Obligation Bonds, to Finance Water and Sewer Infrastructure Improvements, to Robert Baird & Co. Incorporated
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2022-05 Ordinance Providing for the Issuance of not to Exceed $26,100,000 General Obligation Bonds, to Finance Water and Sewer Infrastructure Improvements, to Robert Baird & Co. Incorporated
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Last modified
1/24/2023 5:03:06 PM
Creation date
2/24/2022 9:29:49 AM
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Resolution/Ordinance
Res Ord Num
2022-05
Res Ord Title
2022-05 Ordinance Providing for the Issuance of not to Exceed $26,100,000 General Obligation Bonds, Series 2022, of the City of Decatur, Water and Sewer and Authorizing the Sale of said Bonds to Robert W. Baird & Co. Incorporated
Department
Finance
Approved Date
2/22/2022
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TABLE OF CONTENTS <br /> SECTION HEADING PAGE <br /> SECTION1. DEFINITIONS.......................................................................................................2 <br /> SECTION 2. INCORPORATION OF PREAMBLES.........................................................................4 <br /> SECTION 3. DETERMINATION TO ISSUE BONDS......................................................................4 <br /> SECTION4. BOND DETAILS ...................................................................................................4 <br /> SECTION 5. GLOBAL BOOK-ENTRY SYSTEM..........................................................................5 <br /> SECTION 6. EXECUTION;AUTHENTICATION ..........................................................................8 <br /> SECTION 7. TERM BONDS,MANDATORY REDEMPTION AND COVENANTS.............................8 <br /> SECTION 8. OPTIONAL REDEMPTION.....................................................................................9 <br /> SECTION 9. TERM BONDS PURCHASE OR REDEMPTION .........................................................9 <br /> SECTION 10. REDEMPTION PROCEDURE ..................................................................................9 <br /> SECTION 11. REGISTRATION AND EXCHANGE OR TRANSFER OF BONDS; <br /> PERSONS TREATED AS OWNERS..................................................................12 <br /> SECTION 12. FORM OF BOND.................................................................................................14 <br /> SECTION13. TAX LEVY.........................................................................................................20 <br /> SECTION 14. FILING WITH COUNTY CLERK...........................................................................21 <br /> SECTION 15. SALE OF BONDS;BOND NOTIFICATION;BOND SERIES......................................21 <br /> SECTION 16. CREATION OF FUNDS AND APPROPRIATIONS.....................................................23 <br /> SECTION 17. NON-ARBITRAGE AND TAX-EXEMPTION ..........................................................24 <br /> -1- <br />
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