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2001-08 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION LINE OF CREDIT NOTES
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2001-08 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION LINE OF CREDIT NOTES
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3/2/2016 3:12:44 PM
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Resolution/Ordinance
Res Ord Num
2001-08
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $10,000,000 GENERAL OBLIGATION LINE OF CREDIT NOTES TO PAY THE COSTS OF REDEVELOPMENT PROJECTS AND PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SAID NOTES
Approved Date
3/5/2001
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. � <br /> [Form of Note-Front SideJ <br /> REGISTERED REGISTERED <br /> NO. $ <br /> UNITED STATES OF AMERICA <br /> STATE OF ILLINOIS <br /> THE COUNTY OF MACON <br /> CITY OF DECATUR <br /> GENERAL OBLIGATION LINE OF CREDIT NOTE <br /> See Reverse Side for <br /> Additional Provisions. <br /> Interest Maturity Date: Dated Date: <br /> Rate: See , 200_ , 200_ <br /> Formula Rate <br /> Registered Owner: NATIONAL CITY BANK OF MICHIGAN/ILLINOIS <br /> Principal Amount: DOLLARS <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, on the Maturity <br /> Date identified above (subject to right of prior redemption as hereinafter stated), the Principal <br /> Amount identified above and to pay interest (computed on the basis of a 360-day year of twelve <br /> 30-day months) on such Principal Amount from the later of the Dated Date of this Note <br /> identified above or from the most recent interest payment date to which interest has been paid or <br /> duly provided for, at the Interest Rate per annum identified below as the Formula Rate, such <br /> interest to be payable on , 200_, and semiannually thereafter, on <br /> and of each year, until the Principal Amount is paid or duly provided for. The <br /> principal of this Note is payable in lawful money of the United States of America upon <br /> -10- <br />
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