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, <br /> ORDINANCE NUMBER 2004-21 <br /> A N O RDINANCE providing for the issuance of $29,070,000 <br /> General Obligation Refunding Bonds, Series 2004B, of the City <br /> of Decatur, Macon County, Illinois, and providing for the levy <br /> and collection of a direct annual tax for the payment of the <br /> principal of and interest on said bonds. <br /> WHEREAS by virtue of its population, the City of Decatur, Macon County, Illinois (the <br /> "City"), and pursuant to the provisions of Section 6 of Article VII of the Constitution of the <br /> State of Illinois, the City is a home rule unit and may exercise any power or perform any <br /> function pertaining to its government and affairs including, but not limited to, the power to tax <br /> and to incur debt; and <br /> WHEREAS pursuant to the provisions of said Section 6, the City has the power to incur <br /> debt payable from ad valorem property tax receipts or from any other lawful source and <br /> maturing within 40 years from the time it is incurred without prior referendum approval; and <br /> WxExEAs on the 25th day of February, 1982, the Council of the City (the "Council") <br /> did adopt an ordinance determining the procedures to be followed in the borrowing of money <br /> for public purposes of the City and in evidence of such borrowing the issuing of full faith and <br /> credit bonds of the City without referendum approval, such ordinance being entitled: <br /> ORDINANCE NO. 82-22 <br /> AN ORDINANCE establishing procedures to be followed in <br /> incurring indebtedness for corporate purposes, issuing bonds to <br /> evidence such indebtedness and directing the levying of taxes, <br /> without limit as to rate or amount, for the purpose of paying <br /> principal and interest on such bonds as the same become due. <br /> (the "Enabling Ordinance"); and <br /> W HEREAS the City has heretofore issued the following outstanding and validly <br /> subsisting and unpaid obligations: <br />