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98-34 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS
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98-34 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS
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3/16/2016 8:56:06 AM
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3/16/2016 8:56:02 AM
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Resolution/Ordinance
Res Ord Num
98-34
Res Ord Title
PROVIDING FOR THE ISSUANCE OF $5,200,000 GENERAL OBLIGATION BONDS, SERIES 1998, AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Approved Date
6/29/1998
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[FORM OF BOND-REVERSE SIDE] <br /> This bond is one of a series of bonds (the "Bonds") in the aggregate principal amount <br /> of $5,200,000 issued by the City for the purpose of paying a portion of the costs of the <br /> Project and of paying expenses incidental thereto, all as described and defined in the <br /> ordinance authorizing the Bonds (the "Ordinance"), pursuant to and in all respects in <br /> compliance with the applicable provisions of the Illinois Municipal Code, as supplemented <br /> and amended, and as further supplemented and, where necessary, superseded, by the powers <br /> of the City as a home rule unit under the provisions of Section 6 of Article VII of the <br /> Illinois Constitution of 1970 (such code and powers, collectively, being the "Act"), and with <br /> the Ordinance, which has been duly passed by the Council of the City, approved by the <br /> Mayor, and published, in all respects as by law required. <br /> This Bond may be transferred or exchanged, but only in the manner, subject to the <br /> limitations, and upon payment of the charges as set forth in the Ordinance. Upon surrender <br /> for transfer or exchange of this Bond at the office of the Bond Registrar in the City of <br /> Decatur, Illinois, duly endorsed by or accompanied by a written instrument or instruments <br /> of transfer or exchange in form satisfactory to the Bond Registrar and duly executed by the <br /> Registered Owner or an attorney for such owner duly authorized in writing, the City shall <br /> execute and the Bond Registrar shall authenticate, date and deliver in the name of the <br /> transferee or transferees or, in the case of an exchange, the Registered Owner, a new fully <br /> registered Bond or Bonds of like tenor, of the same maturity, bearing the same interest rate, <br /> of authorized denominations, for a like aggregate principal amount. <br /> The Bond Registrar shall not be required to transfer or exchange any Bond during the ' <br /> period from the close of business on the Record Date for an interest payment to the opening ', <br /> of business on such interest payment date or during the period of 15 days preceding the <br /> -16- I <br />
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