2008-99 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS

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, 3. All references in this Ordinance to designated "Sections" and other subdivisions are to the designated Sections and other subdivisions of this Ordinance as originally adopted. 4. The words "herein," "hereof' and "hereunder" and other words of similar import refer to this Ordinance as a whole and not to any particular Section or other subdivision. Section 2. Incorporation of Preambles. The Corporate Authorities hereby find that all of the recitals contained in the preambles to this Ordinance are true, correct and complete and do incorporate them into this Ordinance by this reference. Section 3. Determination to Issue Bonds. It is necessary and in the best interests of the City to provide for the Refunding and the 2008 Public Capital Improvement Projects, to pay all related costs and expenses incidental thereto, and to borrow money and issue the Bonds for such purposes. It is hereby found and determined that such borrowing of money is necessary for the welfare of the government and affairs of the City, is for a proper public purpose or purposes and , is in the public interest, and is authorized pursuant to the Act; and these findings and determinations shall be deemed conclusive. Section 4. Bond Details. For the purpose of providing for the payment of the costs of the Refunding and the 2008 Public Capital Improvement Project and to pay all related costs and expenses incidental thereto, there shall be issued and sold the Bonds. The Bonds shall be issued in the aggregate principal amount of $10,000,000 and shall each be designated "General Obligation Bond, Series 2008." The Bonds shall be in fully registered form, be dated December 15, 2008 (the "Dated Date"), and shall also bear the date of authentication thereof. The Bonds shall be in denominations of$5,000 or integral multiples thereof(but no single Bond shall represent principal maturing on more than one date), shall be numbered consecutively in such fashion as shall be determined by the Bond Registrar and shall become due and payable serially (subject to right of prior redemption) on December 15 of the years and in the amounts and bearing interest at the rates percent per annum as follows: -8-