2000-02 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS

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i � — i a ' "County Clerk" means the Clerk of The County of Macon, Illinois. "1985 Bonds" means the bonds of the City described and defined as such in the preambles to this Ordinance. "Ordinance" means this Ordinance, numbered as set forth on the title page hereof, and passed by the Council on the^7th day of February, 2000. "Paying Agent" means National City Bank, located in Decatur, Illinois, a national banking association having trust powers, or a successor thereto or a successor designated as Paying Agent hereunder. "Pledg�d Taxes" means the t�es levied on the taxable property within the City to pay principal of and interest on the Bonds as made in Section 10 hereof. "Refunding" means the refunding of the 1985 Bonds from proceeds of the Bonds and such other lawfully available funds of the City as necessary. "Tax-exempt" means, with respect to the Bonds, the status of interest paid and received thereon as not includible in the gross income of the owners thereof under the Code for federal income tax.purposes except to the extent that such interest will be taken into account in computing an adjustment used in determining the alternative minimum tax for certain corporations, in computing the environmental tax imposed on certain corporations and in computing the "branch profits tax"imposed on certain foreign corporations. Terms used in the singular may be referred to in the plural and vice-versa. Reference to either gender shall include the other. Other words and terms are as defined in various sections of this Ordinance. The Table of Contents and Headings in this Ordinance aze for the convenience of the reader and have no legal effect. Section 2. Incorporation of Preambles. The Council hereby finds that all of the recitals contained in the preambles to this Ordinance are true, correct and complete and does incorporate them into this Ordinance by this reference. -4-