2010-76 AUTHORIZING ISSUANCE OF HOSPITAL FACILITY REVENUE BONDS

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principal amount of the Series 2010 Bonds pursuant to the Enabling Ordinance, and the same is a matter pertaining to the government and affairs of the City; and WHEREAS, pursuant to an ordinance entitled "AN ORDINANCE authorizing the execution and delivery of a Memorandum of Agreement pertaining to the issuance of the $21,000,000 Hospital Facility Revenue Bonds, Series 2010 (Decatur Memorial Hospital), of the City of Decatur, Macon County, Illinois, and ratifying, confirming and approving other actions related thereto," the City has authorized the execution of, among other things, a Memorandum of Agreement pertaining to the issuance of the Series 2010 Bonds; and WHEREAS, in order to provide for the issuance of the Series 2010 Bonds it is necessary for the City to authorize the execution of or approve the following described documents in substantially the forms now before this meeting: (1) a Bond Purchase Agreement (the "Purchase Contract"), among the City, the Hospital and Hickory Point Bank & Trust, fsb, Carrollton Bank, First Bankers Trust Company, National Association and Bank & Trust Company, as purchasers (collectively the "Purchasers"), providing for the sale by the City and the purchase by each Purchaser of a series of the Series 2010 Bonds, aggregating not to exceed $21,000,000 in principal amount; (2) a Loan Agreement dated as of October 1, 2010 (the "Loan Agreement") between the City and the Hospital pursuant to which the City will loan the proceeds of the Series 2010 Bonds to the Hospital; (3) a Bond Trust Indenture dated as of October 1, 2010 (the "Bond Indenture") between the City and Hickory Point Bank & Trust, fsb, as bond trustee (the "Bond Trustee"), pursuant to which the City will issue the Series 2010 Bonds and assign certain of its rights in the Loan Agreement and the hereinafter defined Series 2010 Obligations to the Bond Trustee; (4) a Sixth Supplemental Master Trust Indenture dated as of October 1, 2010 (the "Supplemental Master Indenture"), supplementing and amending a Master Trust Indenture dated as of June 1, 1991, each between the Hospital and U.S. Bank National Association, as successor master trustee (the "Master Trustee"), providing for the issuance thereunder of one or more Direct Note Obligations (Decatur Memorial Hospital) (collectively, the "Series 2010 Obligations"); and (5) a Tax Exemption Agreement dated the date of initial issuance of the Series 2010 Bonds (the "Tax Exemption Agreement") among the City, the Hospital and the Bond Trustee, providing for the establishment under certain circumstances of a fund to provide for the rebate of certain investment earnings on the Series 2010 Bonds to the United States Government; and WHEREAS, as security for the loan of the proceeds of the Series 2010 Bonds, the Hospital will issue to the City the Series 2010 Obligations; and CHI-17727770