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EXCERPT I <br /> CITY COUNCIL MINUTES <br /> MONDAY, DECEMBER 21, 1998 <br /> On Monday, December 21, 1998, the City Council of the City of Decatur, Illinois, met in <br /> Regular Meeting at _.M. in the City Council Chambers, 3rd Floor, One Gary K. <br /> Anderson Plaza, Decatur, Illinois. Mayor presided; together with him being <br /> Council members <br /> All seven members were present. Mayor declared a quorum present. <br /> * :� �x * <br /> Ordinance No. 98-_, authorizing and approving amendments to certain financial <br /> covenants of Millikin University, an Illinois not for profit corporation (the "Corporation"), <br /> relating to the issuance of additional indebtedness contained in the Loan Agreement, Mortgage <br /> and Security Agreement dated as of August 1, 1993 (the "Original Series 1993 Mortgage") <br /> between the City of Decatur, Macon County, Illinois (the "City") and the Corporation executed <br /> and delivered in connection with the issuance by the City of its City of Decatur, Macon County, <br /> Illinois Revenue Refunding Bonds, Millikin University, Series 1993 (the "Series 1993 Bonds"); <br /> authorizing and approving the execution and delivery of a First Supplemental Trust Indenture <br /> dated as of December 1, 1998 between the City and National City Bank of Michigan/Illinois <br /> (formerly known as First of America Trust Company), as trustee (the "Series 1993 Trustee"), <br /> supplementing the Trust Indenture dated as of August 1, 1993 between the City and the Series <br /> 1993 Trustee and securing the Series 1993 Bonds; authorizing and approving the execution and <br /> delivery of a First Supplemental Loan Agreement, Mortgage and Security Agreement dated as of <br /> December 1, 1998 (the "First Supplemental Mortgage") between the City and the Corporation, <br /> supplementing the Original Series 1993 Mortgage; and authorizing and approving certain related <br /> matters, was presented. <br /> Councilman moved the ordinance do pass and be adopted; <br /> seconded by Councilman _ , and on call of the roll, Councilmen <br /> and Mayor voted aye. <br /> Councilman abstained. The Mayor declared the motion carried. <br /> � � � �x <br />