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2004-54 AUTHORIZING AND APPROVING THE REFUNDING OF OUTSTANDING SERIES 1993 BONDS
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2004-54 AUTHORIZING AND APPROVING THE REFUNDING OF OUTSTANDING SERIES 1993 BONDS
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Last modified
12/7/2015 1:58:09 PM
Creation date
12/7/2015 1:58:06 PM
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Resolution/Ordinance
Res Ord Num
2004-54
Res Ord Title
AUTHORIZING & APPROVING THE REFUNDING OF ALL OUTSTANDING ILLINOIS REVENUE REFUNDING BONDS, MILLIKIN UNIVERSITY, SERIES 1993
Approved Date
7/6/2004
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EXHIBIT B <br /> REDEMPTION NOTICE <br /> Notice of Redemption of all outstanding CITY OF DECATUR, <br /> MACON COUNTY, ILLINOIS REVENUE REFUNDING BONDS, <br /> MILLIKIN UNIVERSITY, SERIES 1993, issued in the original <br /> aggregate principal amount of$9,885,000 and initially dated <br /> August 15, 1993. <br /> NoTICE is hereby given to owners of the Revenue Refunding Bonds, Millikin University, I� <br /> Senes 1993, of the CITY OF DECATUR, MACON COLJNTY, ILLINOIS (the "City") maturing after ' <br /> October 1, 2004, initially dated August 15, 1993 and issued on October 15, 1993, that the City , <br /> has exercised its option to call all outstanding Series 1993 Bonds maturing after , , <br /> 2004 (collectively, the "Refunded Series 1993 Bonds") on , 2004 (the ' <br /> "Redemption Date") for redemption and payment prior to their maturity. On the Redemption ,, <br /> Date, the redemption price of 100% of the principal amount of the Refunded Series 1993 Bonds <br /> plus unpaid accrued interest to the Redemption Date shall become due and payable on the <br /> Refunded Series 1993 Bonds and, upon the surrender of the Refunded Series 1993 Bonds to the <br /> hereinafter defined Series 1993 Trustee at the address listed below, the Refunded Series 1993 <br /> Bonds will be redeemed at such price. The Refunded Series 1993 Bonds are more fully <br /> described in Appendix A attached hereto. <br /> The Refunded Series 1993 Bonds have been refunded and, pursuant to a First <br /> Supplemental Trust Indenture dated as of July l, 2004 between the City and U S BANK <br /> NAT�o1v�.ASSOCIATION (successor to First of America Trust Company), as trustee (the "Series <br /> 1993 Trustee"), which supplements and amends the Trust Indenture dated as of August 1, 1993 <br /> (the "Series 1993 Indenture") between the City and the Series 1993 Trustee, United States <br /> government obligations have been placed in escrow with the Series 1993 Trustee in a principal <br /> amount, together with the income or increment to accrue thereon and certain uninvested cash, <br /> without consideration of any reinvestment thereof, sufficient to pay the principal of and interest <br /> on the Refunded Series 1993 Bonds, as aforesaid. <br /> Notice is further given that the Refunded Series 1993 Bonds to be so redeemed on <br /> , 2004 shall cease to bear interest from and after l, 2004 and shall no <br /> longer be entitled to the protection of the Series 1993 Indenture. <br /> B-1 <br />
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