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2004-64 AUTHORIZING AND DIRECTING ONE OR MORE SUPPLEMENTAL INVESTMENT DIRECTIONS
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2004-64 AUTHORIZING AND DIRECTING ONE OR MORE SUPPLEMENTAL INVESTMENT DIRECTIONS
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Last modified
12/7/2015 1:38:55 PM
Creation date
12/7/2015 1:38:54 PM
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Resolution/Ordinance
Res Ord Num
2004-64
Res Ord Title
AUTHORIZING & DIRECTING THE EXECUTION OF ONE OR MORE SUPPLEMENTAL INVESTMENT DIRECTIONS TO THE ESCROW AGREEMENT, DATED AS OF MARCH 15, 2004
Approved Date
8/16/2004
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Ex�rr A <br /> SUPPLEMENTAL INVESTMENT DIRECTION <br /> This Supplemental Investment Direction,executed on the 16 day of August , 2004, <br /> by and between the City of Decatur, Macon County, Illinois (the "Issuer"), and BNY Midwest <br /> Trust Company, Chicago, Illinois (the "Escrow Agent"), for and in consideration of the mutual <br /> covenants herein contained. <br /> WITNESSETH: <br /> Section 1. This Supplemental Investment Direction (the "Direction") is entered into <br /> and is executed by an official of the Issuer pursuant to Ordinance No. 2004- 64 entitled: <br /> Arr ORnINANCE authorizing and directing the execution of one or <br /> more Supplemental Investment Directions to the Escrow <br /> Agreement, dated as of Mazch 15, 2004, by and between the City <br /> of Decatur, Macon County, Illinois, and BNY Midwest Trust <br /> Com an ,Chica o Illinois. <br /> P Y g � <br /> �. ,. « „ <br /> (the Ordinance ) adopted by the Council (the Council ) of the Issuer on the 16th day of <br /> Au ust, 2004, and that certain Escrow A reement, dated as of Mazch 15, 2004 the "Escrow <br /> g g ( <br />' ,. , <br /> A reement between the Issuer and the Escrow A ent ertainin to the Issuer s Refunded <br /> S ), g , P g <br /> Bonds as defined in the Escrow Agreement(the "Refunded Bonds"). This Direction constitutes <br /> a "Subsequent Action" within the meaning of Section 5.01 of the Escrow Agreement. <br /> Section 2. Commencing on the date of execution and delivery of this Direction, the <br /> securities held by the Escrow Agent under the Escrow Agreement sha11 consist of the securities <br /> described in Schedule II attached to this Direction (the "Substitute Securities") in lieu of the <br /> securities described in Schedule I attached to this Direction (the "Initial Securities"). The <br /> Escrow Agent represents that it now holds the Substitute Securities in substitution and <br /> replacement for the Initial Securities formerly held by the Escrow Agent. The excess cash <br />
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