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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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TABLE OF CONTENTS <br /> SECTION HEADING PAGE <br /> SECTION1. DEFINITIONS.......................................................................................................4 <br /> SECTION 2. INCORPORATION OF PREAMBLES.........................................................................7 <br /> SECTION 3. DETERMINATION TO ISSUE BONDS......................................................................7 <br /> SECTION4. BOND DETAILS ...................................................................................................8 <br /> SECTION 5. GLOBAL BOOK-ENTRY SYSTEM..........................................................................9 <br /> SECTION 6. EXECUTION;AUTHENTICATION ........................................................................11 <br /> SECTION 7. OPTIONAL REDEMPTION,TERM BONDS,MANDATORY <br /> REDEMPTION AND COVENANTS ..................................................................12 <br /> SECTION 8. TERM BONDS PURCHASE OR REDEMPTION .......................................................13 <br /> SECTION 9. REDEMPTION PROCEDURE ................................................................................13 <br /> SECTION 10. REGISTRATION AND EXCHANGE OR TRANSFER OF BONDS; <br /> PERSONS TREATED AS OWNERS..................................................................16 <br /> SECTION11. FORM OF BOND.................................................................................................17 <br /> SECTION12. TAX LEVY.........................................................................................................23 <br /> SECTION 13. FILING WITH COUNTY CLERK...........................................................................24 <br /> SECTION 14. SALE OF BONDS;BOND NOTIFICATION;BOND SERIES......................................24 <br /> SECTION 15. CREATION OF FUNDS AND APPROPRIATIONS.....................................................26 <br /> SECTION 16. GENERAL ARBITRAGE COVENANTS..................................................................28 <br /> SECTION 17. REGISTERED FORM...........................................................................................29 <br /> SECTION 18. RIGHTS AND DUTIES OF BOND REGISTRAR AND PAYING AGENT......................29 <br /> SECTION 19. TAXES PREVIOUSLY LEVIED.............................................................................30 <br /> SECTION20. DEFEASANCE....................................................................................................31 <br /> -1- <br />
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