Laserfiche WebLink
� <br /> � <br /> ORDINANCE NUMBER NO. 2008-99 <br /> AN ORDINANCE providing for the issuance of General lObligation <br /> Bonds, Series 2008, of the City of Decatur, Macon County, <br /> Illinois, and providing for the levy and collection of a direct annual <br /> tax for the payment of the principal of and interest on said bonds. <br /> WHEREAS, the City of Decatur, Macon County, Illinois (the "City") has a population in <br /> excess of 25,000 as determined by the last official census, and pursuant to the provisions of <br /> Section 6 of Article VII of the Constitution of the State of Illinois, the City is a home rule unit <br /> and may exercise any power or perform any function pertaining to its government and affairs <br /> including, but not limited to, the power to tax and to incur debt; and <br /> WHE1t�AS, pursuant to the provisions of said Section 6, the City has the power to incur <br /> debt payable from ad valorem property tax receipts or from any other lawful source and maturing <br /> within 40 years from the time it is incurred without prior referendum approval; and <br /> WHEREAS on the 25th day of February, 1982, the Council of the City (the "Corporate �I <br /> Authorities") did adopt an ordinance determining the procedures to be followed in the borrowing � <br /> of money for public purposes of the City and in evidence of such borrowing the issuing of full <br /> faith and credit bonds of the City without referendum approval, such ordinance being entitled: <br /> ORDINANCE NO. 82-22 <br /> AN ORDINANCE establishing procedures to be followed in <br /> incurring indebtedness for corporate purposes, issuing bonds to <br /> evidence such indebtedness and directing the levying of taxes, <br /> without limit as to rate or amount, for the purpose of paying <br /> principal and interest on such bonds as the same become due. <br /> (the "Enabling Ordinance"); and <br /> � <br /> � <br />