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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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B. The following words and terms are defined as set forth. <br /> "Act" means, collectively, the Illinois Municipal Code, as suppleme ted and amended, <br /> the home rule powers of the City under Section 6 of Article VII of the Constit tion of the State of <br /> Illinois and the Enabling Ordinance adopted pursuant to such home rule powe s; and, in the event <br /> of conflict between the provisions of said code and home rule powers, the home rule powers <br /> shall be deemed to supersede the provisions of said code. <br /> "Bond" or "Bonds" means one or more, as applicable, of the not to xceed $2,600,000 <br /> General Obligation Bonds, Series 2014, authorized to be issued by this Ordinace. <br /> "Bond Fund" means the Bond Fund established and defined in iection 16 of this <br /> Ordinance. <br /> "Bond Notification" means the Bond Notification as authorized to t e executed by the <br /> Designated Officials of the City in Section 15 of this Ordinance and by whict the final terms of <br /> the Bonds will be established. <br /> "Bond Register" means the books of the City kept by the Bond Regist ar to evidence the <br /> registration and transfer of the Bonds. <br /> "Bond Registrar" means U.S. Bank National Association, Indianapolis, Indiana, or a <br /> 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, Illin As. <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 /> -3- <br />
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