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2010-79 PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS
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2010-79 PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS
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Last modified
8/27/2015 10:31:38 AM
Creation date
8/27/2015 10:31:33 AM
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Resolution/Ordinance
Res Ord Num
2010-79
Res Ord Title
PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Department
Finance
Approved Date
11/15/2010
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' r <br /> [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 [for the purpose of paying the costs of the [TIF Project, 2010B <br /> Project, 2010C Project or Refunding]] and of paying expenses incidental thereto][to refund <br /> certain outstanding obligations of the City and to pay expenses incidental thereto], all as <br /> described and defined in the ordinance authorizing the Bonds (the "Ordinance"), pursuant to and <br /> in all respects in compliance with the applicable provisions of the Illinois Municipal Code, as <br /> supplemented and amended, and as further supplemented and, where necessary, superseded, by <br /> the powers of the City as a home rule unit under the provisions of Section 6 of Article VII of the <br /> Illinois Constitution of 1970 and the City's enabling ordinance adopted pursuant to such home <br /> rule powers (such code and powers collectively, being the "Act"), and with the Ordinance, <br /> which has been duly passed by the Council of the City and approved by the Mayor. <br /> This Bond may be transferred or exchanged, but only in the manner, subject to the <br /> limitations, and upon payment of the charges as set forth in the Ordinance. Upon surrender for <br /> transfer or exchange of this Bond at the principal corporate trust office of the Bond Registrar, <br /> duly endorsed by or accompanied by a written instrument or instruments of transfer or exchange <br /> in form satisfactory to the Bond Registrar and duly executed by the Registered Owner or an <br /> attorney for such owner duly authorized in writing, the City shall execute and the Bond Registrar <br /> shall authenticate, date and deliver in the name of the transferee or transferees or, in the case of <br /> an exchange, the Registered Owner, a new fully registered Bond or Bonds of like tenor, of the <br /> same maturity, bearing the same interest rate, of authorized denominations, for a like aggregate <br /> principal amount. <br /> The Bond Registrar shall not be required to transfer or exchange any Bond during the <br /> period from the close of business on the Record Date for an interest payment to the opening of <br /> business on such interest payment date [or during the period of 15 days preceding the giving of <br /> -27- <br />
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