2007-78 PROVIDING FOR THE ISSUANCE TAXABLE GENERAL OBLIGATION NOTES, SERIES 2007

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E. It is necessary for that purpose that a sum to pay such osts be borrowed and in evidence of such indebtedness general obligation notes of the City e issued in the principal amount of not to exceed $7,250,000, and that such indebtedness be i curred in accordance with the Act and without submitting the question of incurring such indebted ess to the electors of said City for their approval. Now THEREFoxE Be It Ordained by the Council of the City o Decatur, Macon County, Illinois, in the exercise of its home ruie powers, as follows: Section 1. Definitions. In addition to such other words and terms used and defined in this ordinance, the following words and terms used in this ordinanc shall have the following meanings, unless, in either case, the context or use clearly indicates an ther or different meaning is intended: "Acqacisition" or "2007 Acqacisitiora" means the a quisition of the Decatur Conference Center and Hotel as set forth in the preambles heret . "Act" means the Illinois Municipal Code, as suppleme ted and amended, arid the home rule powers of the City under Section 6 of Article VII of he Illinois Constitution of 1970. In the event of conflict between the provisions of said c de and home rule powers, the home rule powers shall be deemed to supersede the provisi ns of said code. "City" means the City of Decatur, Macon County, Illinqis. "Code" means the Internal Revenue Code of 1986, as a ended. "Coiincil" means the Council of the City. "Debt Service Fund" means the Debt Service Fund stablished and defined in Section 14 of this Ordinance. "Depository" means a depository qualified to clear s curities under applicable state and federal laws, or appropriate successor as herein provid d. -2-