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2024-53 An Ordinance Providing for the Issuance of not to Exceed $36,800,000 General Obligation Bonds of the City of Decatur, Macon County, Illinois, to Refund Certain Outstanding Bonds and to Finance Water System Infrastructure Improvements, Authorizing
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2024-53 An Ordinance Providing for the Issuance of not to Exceed $36,800,000 General Obligation Bonds of the City of Decatur, Macon County, Illinois, to Refund Certain Outstanding Bonds and to Finance Water System Infrastructure Improvements, Authorizing
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Last modified
4/19/2024 9:40:04 AM
Creation date
4/19/2024 9:39:59 AM
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Resolution/Ordinance
Res Ord Num
2024-52
Res Ord Title
2024-52 An Ordinance Providing for the Issuance of not to Exceed $36,800,000 General Obligation Bonds of the City of Decatur, Macon County,
Department
Finance
Approved Date
4/15/2024
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[FORM OF BOND-FRONT SIDE] <br /> REGISTERED REGISTERED <br /> No. $ <br /> UNITED STATES OF AMERICA <br /> STATE OF ILLINOIS <br /> THE COUNTY OF MACON <br /> CITY OF DECATUR <br /> GENERAL OBLIGATION BOND,SERIES 2024 <br /> See Reverse Side for <br /> Additional Provisions. <br /> Interest Maturity Dated <br /> Rate: % Date: March 1, 20_ Date: 12024 CUSIP: 243127 <br /> Registered Owner: <br /> Principal Amount: DOLLARS <br /> KNOW ALL PERSONS BY THESE PRESENTS that the City of Decatur,Macon County, Illinois, <br /> a municipality,home rule unit,and political subdivision of the State of Illinois(the "City"),hereby <br /> acknowledges itself to owe and for value received promises to pay to the Registered Owner <br /> identified above, or registered assigns as hereinafter provided, on the Maturity Date identified <br /> above, the Principal Amount identified above and to pay interest(computed on the basis of a 360- <br /> day year of twelve 30-day months) on such Principal Amount from the later of the Dated Date of <br /> this Bond identified above or from the most recent interest payment date to which interest has been <br /> paid or duly provided for, at the Interest Rate per annum identified above, such interest to be <br /> payable on March 1 and September 1 of each year, commencing September 1, 2024, until said <br /> Principal Amount is paid or duly provided for. The principal of this Bond is payable in lawful <br /> money of the United States of America upon presentation hereof at the principal corporate trust <br /> office of , in the City of <br /> as <br /> paying agent (the "Paying Agent"). Payment of interest shall be made to the Registered Owner <br /> hereof as shown on the registration books of the City maintained by <br /> -18- <br />
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