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, ` <br /> A <br /> presentation hereof to the City of Decatur, Illinois. Interest shall be paid by check or draft of the <br /> City,payable upon presentation in lawful money of the United States of America. <br /> The Formula Rate (`F'ormula Rate'� is hereby defined as the rate determined as of the <br /> first business day of any month and applicable for such period as follows: <br /> (A) If this Note is designated as a Qualified Tax-Exempt Obligation: <br /> Daily variable rate equal to 53% of the Prime Rate <br /> (B) If this Note is not designated as a Qualified Tax-Exempt Obligation: <br /> Daily variable rate equal to 65%of the Prime Rate <br /> (C) If this Note be Taxable: <br /> Daily variable rate equals the Prime Rate <br /> where Prime Rate means the prime rate as quoted from time to time in The Wall Street Journal. <br /> Notwithstanding the foregoing, no Tax-Exempt Note or Taxable Note shall bear interest at a rate <br /> exceeding 10%or 15%, respectively. <br /> Reference is hereby made to the further provisions of this Note set forth on the reverse <br /> hereof, and such further provisions shall for all purposes have the same effect as if set forth at <br /> this place. <br /> It is hereby certified and recited that all conditions, acts and things required by the <br /> Constitution and Laws of the State of Illinois to exist or to be done precedent to and in the <br /> issuance of this Note, have existed and have been properly done, happened and been performed <br /> in regular and due form and time as required by law; that the indebtedness of the City, <br /> represented by the Notes, and including all other indebtedness of the City, howsoever evidenced <br /> or incurred, does not exceed any constitutional or statutory or other lawful limitation; and that <br /> provision has been made for the security and payment for the Notes, including the pledge of the <br /> -11- <br />