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2014-04 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS
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2014-04 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS
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Last modified
2/27/2017 9:08:02 AM
Creation date
8/5/2015 3:28:48 PM
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Resolution/Ordinance
Res Ord Num
2014-04
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $26,000,000 GENERAL OBLIGATION BONDS, SERIES 2014
Department
Finance
Approved Date
2/3/2014
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[FORM OF BOND-REVERSE SIDE] <br /> This bond is one of a series of bonds (the "Bonds") in the aggregate principal amount of <br /> $ ,000 issued by the City to finance the expansion of the City's water supply by the <br /> dredging of Lake Decatur and pay expenses incidental thereto, all as described and defined in the <br /> ordinance authorizing the Bonds (the "Ordinance"), pursuant to and in all respects in <br /> compliance with the applicable provisions of the Illinois Municipal Code, as supplemented and <br /> amended, and as further supplemented and, where necessary, superseded, b the powers of the <br /> City as a home rule unit under the provisions of Section 6 of Article VII of the Illinois <br /> Constitution of 1970 and the City's enabling ordinances adopted pursuant to such home rule <br /> powers (such code, powers and enabling ordinance, collectively, being the ".Ict"), and with the <br /> Ordinance, which has been duly passed by the Council of the City, approved by the Mayor, and <br /> published, in all respects as by law required. <br /> Subject to the provisions relating to this Bond remaining in book-entry only form, this <br /> Bond may be transferred or exchanged, but only in the manner, subject tote limitations, and <br /> upon payment of the charges as set forth in the Ordinance. Upon surren er for transfer or <br /> exchange of this Bond at the principal corporate trust office of the Bond Registrar in the City of <br /> Chicago, Illinois, duly endorsed by or accompanied by a written instrument or instruments of <br /> transfer or exchange in form satisfactory to the Bond Registrar and duly executed by the <br /> Registered Owner or an attorney for such owner duly authorized in writing, the City shall execute <br /> and the Bond Registrar shall authenticate, date and deliver in the name of the transferee or <br /> transferees or, in the case of an exchange, the Registered Owner, a new fully registered Bond or <br /> Bonds of like tenor, of the same maturity, bearing the same interest rate, of authorized <br /> denominations, for a like aggregate principal amount. <br /> The Bond Registrar shall not be required to transfer or exchange an Y Bond during the <br /> period from the close of business on the Record Date for an interest paymen to the opening of <br /> -18- <br />
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