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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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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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in the City of , ,as bond registrar(the <br /> "Bond Registrar"), at the close of business on the applicable Record Date (the "Record Date"). <br /> The Record Date shall be the 15th day of the month next preceding any regular or other interest <br /> payment date occurring on the 1 st day of any month and 15 days next preceding any interest <br /> payment date occasioned by the redemption of Bonds on other than the 1 st day of a month. Interest <br /> shall be paid by check or draft of the Paying Agent,payable upon presentation in lawful money of <br /> the United States of America, mailed to the address of such Registered Owner as it appears on <br /> such registration books or at such other address furnished in writing by such Registered Owner to <br /> the Bond Registrar, or as otherwise agreed by the City and Cede & Co., as nominee, or successor, <br /> for so long as this Bond is held by The Depository Trust Company, New York, New York, the <br /> depository, or nominee, in book-entry only form as provided for same. <br /> Reference is hereby made to the further provisions of this Bond set forth on the reverse <br /> hereof, and such further provisions shall for all purposes have the same effect as if set forth at this <br /> place. <br /> It is hereby certified and recited that all conditions, acts and things required by the <br /> Constitution and Laws of the State of Illinois to exist or to be done precedent to and in the issuance <br /> of this Bond, including the authorizing Act, have existed and have been properly done, happened <br /> and been performed in regular and due form and time as required by law; that the indebtedness of <br /> the City, represented by the Bonds, and including all other indebtedness of the City, howsoever <br /> evidenced or incurred, does not exceed any constitutional or statutory or other lawful limitation; <br /> and that provision has been made for the collection of a direct annual tax, in addition to all other <br /> taxes, on all of the taxable property in the City sufficient to pay the interest hereon as the same <br /> falls due and also to pay and discharge the principal hereof at maturity. <br /> -19- <br />
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