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2005-86 PROVIDING FOR THE ISSUANCE OF A TAXABLE GENERAL OBLIGATION NOTE
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2005-86 PROVIDING FOR THE ISSUANCE OF A TAXABLE GENERAL OBLIGATION NOTE
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Last modified
12/4/2015 11:17:41 AM
Creation date
12/4/2015 11:17:39 AM
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Resolution/Ordinance
Res Ord Num
2005-86
Res Ord Title
PROVIDING FOR THE ISSUANCE OF A NOT TO EXCEED $500,000 TAXABLE GENERAL OBLIGATION NOTE (OLDE TOWNE REDEVELOPMENT PROJECT), SERIES 2005A
Approved Date
9/19/2005
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[Forni of Note - Front Side] <br /> SOLE NOTE: NjpX���0�; <br /> REGISTERED REGISTERED <br /> NO. Ot� NOT TO EXCEED$500,000 <br /> UNITED STATES OF AMERICA <br /> STATE OF ILLINOIS <br /> THE COUNTY OF MACON <br /> CITY OF DECATUR <br /> TAXABLE GENERAI. OBLIGATION NOTE <br /> (OLDE TOWNE REDEVELOPMENT PROJECT), SERIES 2005A <br /> � See Reverse Side for , <br /> I Additional Provisions. I <br /> Interest Pa ents: Interest - Monthl Maturit <br /> ym y y Date: <br /> Rate: See Principal- at Maturity , 2010 <br /> Variable Rate <br /> Registered Owner: NATIONAL CITY BANK OF THE MIDWEST <br /> KNOW ALL PERSONS BY THESE PRESENTS that the City of Decatur, Macon County, <br /> Illinois, a municipality, home rule unit and political subdivision of the State of Illinois (the <br /> "City"), hereby acknowledges itself to owe and for value received promises to pay to the <br /> Registered Owner identified above, or registered assigns as hereinafter provided, the Outstanding <br /> Principal Amount of this Note, as hereinafter described on the Maturity Date identified above <br /> (subject to right of prior redemption as hereinafter stated), to pay interest (computed on the basis <br /> of actual days (365/366) elapsed over a 360-day year) on such Outstanding Principal Amount <br /> from the later of the Dated Date of this Note or from the most recent interest payment date to <br /> which interest has been paid or duly provided for, at the Interest Rate per annum identified below <br /> as the Variable Rate, as provided in the Ordinance, such interest to be payable on <br /> , 2005, and monthly thereafter until the Outstanding Principal Amount is paid or <br /> duly provided for. The "Outstanding Principal Amount" is that amount, not to exceed the Face <br /> -10- <br />
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