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ESCROW AGREEMENT <br /> This Escrow Agreement, dated as of 2012, but actually executed and <br /> delivered the date last hereinbelow written, by and between the City of Decatur, Macon County, <br /> Illinois (the -City"), and , a national banking association, <br /> having trust powers, with principal offices located in the City of Chicago, Illinois, not <br /> individually but in the capacity as hereinafter described, for and in consideration of mutual <br /> covenants set forth: <br /> WITNESSETH: <br /> ARTICLE I <br /> DEFINITIONS <br /> The following words and terms used in this Agreement shall have the following meanings <br /> unless the context or use clearly indicates another or different meaning. <br /> "Agreement"means this Agreement between the City and the Escrow Agent. <br /> "Bond Ordinance" means the ordinance passed by the Council on November 5, 2012, <br /> entitled: <br /> AN ORDINANCE providing for the issuance of not to exceed <br /> $30,000,000 General Obligation Refunding Bonds, Series 2012, of <br /> the City of Decatur, Macon County, Illinois, authorizing designated <br /> officials to sell said bonds by the execution of a notification of <br /> sale, and providing for the levy and collection of a direct annual tax <br /> sufficient for the payment of the principal of and interest on said <br /> bonds, and further providing for the execution of an escrow <br /> agreement in connection with such issuance. <br /> authorizing the issuance of the Bonds. <br /> "Bond Registrar"means the bond registrar for the Refunded Bonds, namely, [PNC Bank, <br /> National Association, , ], as successor to <br /> National City Bank of Michigan/Illinois c/o National City Bank of Indianapolis, Indiana. <br /> Escrow Agreement <br /> 2198539 <br /> 59 <br />