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2013-71 PROVIDING FOR THE ISSUANCE OF A PROMISSORY NOTE, SERIES 2013
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2013-71 PROVIDING FOR THE ISSUANCE OF A PROMISSORY NOTE, SERIES 2013
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Last modified
2/27/2017 9:07:47 AM
Creation date
8/6/2015 2:08:44 PM
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Resolution/Ordinance
Res Ord Num
2013-71
Res Ord Title
PROVIDING FOR THE ISSUANCE OF A NOT TO EXCEED $17,250,000 PROMISSORY NOTE TO PAY THE COSTS OF CERTAIN IMPROVEMENTS TO THE WATERWORKS SYSTEM
Department
Finance
Approved Date
8/5/2013
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[Form of Note-Front Side] <br /> REGISTERED REGISTERED <br /> No. 1 $ <br /> UNITED STATES OF AMERICA <br /> STATE OF ILLINOIS <br /> COUNTY OF MACON <br /> CITY OF DECATUR <br /> PROMISSORY NOTE <br /> SERIES 2013 <br /> See Reverse Side for <br /> Additional Provisions. <br /> Final Payment Date: Dated Date: <br /> August 15, 2028 August 15, 20 3 <br /> Registered Owner: <br /> Principal Amount: <br /> KNow ALL PERSONS BY THESE PRESENTS that the City of Decatur, Macon County, Illinois, a <br /> municipality,home rule unit and political subdivision of the State of Illinois (I he "City"), hereby <br /> acknowledges itself to owe and for value received promises to pay from the source and as <br /> hereinafter provided to the Registered Owner identified above, or registered assigns, on the dates <br /> hereinafter set forth (subject to right of prior prepayment),the Principal Amount identified above <br /> and to pay interest (computed on an aettial days elapsedupon_the basis ave o a Y3-5360-day year <br /> of twelve )0-dad months) on such Principal Amount from the lateF ok4w-Dated Date of thi,�te <br /> identified above <br /> at the Interest Rate of % per annum, until said Princi at Amount is paid <br /> or duly provided for. This Note_shall be paid in quarterly-installments of principal and/or interest <br /> beginning on M4aFehNovenlber 15, 2013, and on each February 15, May 1.5, August 15 and <br /> November 15 thereafter until the final payment date, all in accordance with the Amortization <br /> -11- <br />
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