98-78 AUTHORIZING AND APPROVING AMENDMENTS

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WHEREAS, on October 15, 1993, the City issued its City of Decatur, Macon County, Illinois Revenue Refunding Bonds, Millikin University, Series 1993, in the original aggregate principal amount of$9,885,000 (the "Series 1993 Bonds") under the Trust Indenture dated as of August 1, 1993 (the "Original Series 1993 Indenture") between the City and National City Bank of Michigan/Illinois (formerly known as First of America Trust Company), as trustee (the "Series 1993 Trustee"); and WHEREAS, the City loaned the proceeds of the Series 1993 Bonds to Millikin Universiry, an Illinois not for profit corporation (the "Corporation"), for the purpose of providing all or a portion of the funds necessary to (i) advance refund the City of Decatur, Macon County, Illinois Revenue Bonds, Millikin University, Series 1988 (the "Series 1988 Bonds"), (ii) advance refund the City of Decatur, Macon County, Illinois Revenue Bonds, Millikin University, Series 1991 (the "Series 1991 Bonds"), (iii) establish a debt service reserve fund for the benefit of the Series 1993 Bonds and (iv) pay certain costs incurred in connection with the issuance of the Series 1993 Bonds and the advance refunding of the Series 1988 Bonds and the Series 1991 Bonds; and WHEREAS, in order to provide such funds, the City and the Corporation executed and delivered the Loan Agreement, Mortgage and Security Agreement dated as of August 1, 1993 (the "Original Series 1993 Mortgage")between the City and the Corporation; and WHEREAS, the Corporation now desires to amend certain of its covenants relating to the issuance of additional indebtedness contained in the Original Series 1993 Mortgage and has requested the City to assist the Corporation in accomplishing the same by entering into a First -2-