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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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3/2/2016 3:12:42 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 /> , <br /> . ' <br /> 6. The Note Registrar shall be National City Bank of Michigan/Illinois, Decatur, <br /> Illinois. <br /> 7. [The City designates Today's Notes as "qualified tax-exempt obligations" <br /> pursuant to Section 265(b)(3)of the Internal Revenue Code of 1986.] <br /> 8. All other terms are as provided in the Note Ordinance. <br /> 9. Please be fizrther advised that we find and determine that no person holding any <br /> office of the City either by election or appointment, is in any manner interested, either directly or <br /> indirectly, in his own name or in the name of any other person, associate, trust or corporation, in <br /> the Note Purchase Contract with the Bank. <br /> 10. Finally, please be advised that this Note Order shall be entered into the records of <br /> the City and made available to all Councilmen. <br /> IN WITNESS WxEREOF we have hereunto affixed our official signatures this day of <br /> 200_. <br /> Steve Garman <br /> City Manager <br /> Beth Couter <br /> Director of Financial Management <br /> -2- <br />
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