2012-01 AUTHORIZING PARTIAL REISSUANCE AND CURRENT REFUNDING OF HOSPITAL FACILITY REVENUE BONDS, SERIES 2010

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1 Series 2010A: Series 2010B: R-2 $2,260,800 R-2 $1,800,000 R-3 $3,391,200 R-3 $2,700,000 Series 2010C: Series 2010D: R-2 $1,585,800 R-2 $ 963,000 R-3 $2,378,700 R-3 $1,444,500 Section 6. That the Mayor and the Clerk of the City be, and they hereby are, authorized, empowered and directed to cause the Series 2010 Bonds to be reregistered, as set forth in the table in Section 5 hereof, and prepared in such form and having the other terms and provisions specified in the Supplemental Bond Indenture as executed and delivered (the "Reregistered Series 2010 Bonds"), that the Reregistered Series 2010 Bonds shall be executed in the name of the City with the facsimile or manual signatures of the Mayor and the Clerk of the City, and the seal of the City may be affixed thereto or imprinted thereon, and that the Mayor or the Clerk of the City shall cause the Reregistered Series 2010 Bonds, as so executed and attested, to be delivered to the Bond Trustee for authentication, and the Bond Trustee is hereby requested to authenticate the Reregistered Series 2010 Bonds and deliver them to or as directed by the Purchasers; and that such Reregistered Series 2010 Bonds, and the interest and premium, if any, payable thereon, are special and limited obligations of the City payable solely from payments on the Reregistered Series 2010 Obligations and from certain other moneys held under the Supplemental Bond Indenture, that such Reregistered Series 2010 Bonds do not constitute a debt of the City within the meaning of the provisions of the Constitution or Statutes of the State of Illinois or a pledge of the faith and credit of the City, the State or any political subdivision thereof, and that such Reregistered Series 2010 Bonds and the interest and premium, if any, payable thereon do not give rise to a pecuniary liability of the City or a charge against its general credit or taxing powers. Section 7. That the form of the Reregistered Series 2010 Bonds contained in the Supplemental Bond Indenture, subject to appropriate insertions and revisions in order to comply with the provisions of the Supplemental Bond Indenture be, and the same hereby is, approved, and when the same shall be executed on behalf of the City in the manner contemplated by the Supplemental Bond Indenture and this Ordinance, it shall represent the approved form of the Reregistered Series 2010 Bonds of the City. Section 8. The portion of the Reregistered Series 2010 Bonds that constitute the Refunding (i.e., the R-3 bonds) are deemed designated as "Qualified Tax-Exempt Obligations" pursuant to Section 265(b)(3)(D)(ii) of the Code. That portion of the Reregistered Series 2010 Bonds that do not constitute the Refunding (i.e., the R-2 bonds) were previously designated by the Hospital in 2010 as "Qualified Tax-Exempt Obligations" pursuant to and as defined in Section 265(b)(3) of the Code. In accordance with Section 265(b) of the Code, the Reregistered Series 2010 Bonds will not be taken into account in determining whether the City is a "qualified small issuer" in 2012 under Section 265(b)(3)(C) of the Code or taken into account in determining the limitation on amounts of obligations or loans which may be designated by the City in 2012 as "Qualified Tax-Exempt Obligations" under Section 265(b)(3)(D)(i) of the Code. 4