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i <br /> , , <br /> WxE1�As the Council hereby expressly determines that it is advisable, necessary and in <br /> the best interests of the City that the City authorize the execution anc� delivery of an agreement <br /> for a line of credit to pay such costs of the Project(the "Agreement"); �nd <br /> WHEREAS it is in the best interests of the inhabitants of the �ity and necessary for the <br /> i <br /> government and affairs of the City also to authorize the issuance of on� or more promissory Note <br /> (collectively, the "Note") to evidence the obligation to repay the principal of and interest on <br /> amounts drawndown by the City under such Agreement; and <br /> WHEREAS to such end it is hereby deemed advisable and nece�sary that the Council now <br /> adopts this Ordinance so to specify, determine and authorize: I <br /> Now THEREFO� Be It Ordained by the Council of the City of Decatur, Macon County, <br />. Illinois, in the exercise of its home rule powers, as follows: <br /> Section 1. Definitions. In addition to such other words and ��terms used and defined in <br /> this Ordinance, the following words and terms used in this Ordinanc� shall have the following <br /> meanings, unless, in either case, the context or use clearly indicates an{�ther or different meaning <br /> is intended: I <br /> "Agreement" means that certain written agreement providing for the creation of a ', <br /> line of credit for the City and the issuance of one or more Note�to evidence the obligation '� <br /> of the City to repay amounts due and owing thereunder. I� <br /> "Act" means the lllinois Municipal Code, as supplemen�ed and amended , and the <br /> home rule powers of the City under Section 6 of Article VII of he Illinois Constitution of <br /> 1970. In the event of conflict between the provisions of said c de and home rule powers, <br /> the home rule powers shall be deemed to supersede the provisio s of said code. <br /> -2- <br />