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2003-54 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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2003-54 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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Last modified
1/28/2016 1:50:17 PM
Creation date
1/28/2016 1:50:14 PM
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Resolution/Ordinance
Res Ord Num
2003-54
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $34,000,000 GENERAL OBLIGATION REFUNDING BONDS AND PROVIDING FOR THE LEVY COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Approved Date
9/2/2003
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, <br /> "Bond Moneys" means the Pledged Taxes and any other moneys deposited into the Bond <br /> Fund and investment income earned in the Bond Fund. <br /> "Bond Norification" means the noti�cation of sale as described in Section 15. <br /> "Bond Register" means the books of the City kept by the Bond Registrar to evidence the <br /> registration and transfer of the Bonds. <br /> "Bond Registrar" means a bank or trust company with its principal corporate trust office <br /> located in the States of Illinois or Missouri, as set forth in the Bond Notification, or a successor <br /> thereto or a successor designated as Bond Registrar hereunder. <br /> "Ciry" means the City of Decatur,Macon County,Illinois. <br /> "Code"means the Internal Revenue Code of 1986. <br /> "Council" means the Council of the City. <br /> "County Clerk"means the County Clerk of The County of Macon,Illinois. <br /> "Escrow Agent" means a bank or trust company having trust powers as designated in the <br /> Bond Notification. <br /> "Escrow Agreement" means the agreement by and between the City and the Escrow <br /> Agent as authorized in Section 16 hereof and set forth as Ezhibit A. <br />� "Ordinance" means this Ordinance, numbered as set forth on the title page hereof, and <br /> passed by the Council on the 2nd day of September 2003. <br /> "Paying Agent" means a bank or trust company with its principal corporate trust office <br /> located in the States of Illinois or Missouri, as set forth in the Bond Notification, or a successor <br /> thereto or a successor designated as Paying Agent hereunder. <br /> "Pledged Taxes" means the taxes levied on the taa�able property within the City to pay <br /> principal of and interest on the Bonds as made in Section 13 hereof. <br /> -4- <br />
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