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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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of conflict between the provisions of said code and home rule powers, the home rule powers shall <br /> be deemed to supersede the provisions of said code. <br /> "Bond" or "Bonds" means one or more, as applicable, of the not to exceed $26,100,000 <br /> General Obligation Bonds, Series 2022, authorized to be issued by this Ordinance. <br /> "Bond Fund" means the Bond Fund established and defined in Section 16 of this <br /> Ordinance. <br /> "Bond Notification" means the Bond Notification as authorized to be executed by the <br /> Designated Officials in Section 15 of this Ordinance and by which the final terms of the Bonds <br /> will be established. <br /> "Bond Register" means the books of the City kept by the Bond Registrar to evidence the <br /> registration and transfer of the Bonds. <br /> "Bond Registrar" means the bond registrar for the Bonds (which shall be a bank or trust <br /> company authorized to do business in the State of Illinois and set forth in the Bond Notification), <br /> or a successor thereto or a successor designated as Bond Registrar hereunder. <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 /> "Mayor"means the Mayor of the City. <br /> "Paying Agent" means the paying agent for the Bonds (which shall be a bank or trust <br /> company authorized to do business in the State of Illinois and set forth in the Bond Notification), <br /> or a successor thereto or a successor designated as Paying Agent hereunder. <br /> -3- <br />
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