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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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' , . <br /> mailed to the registered owner of the Bond as shown in the Bond Registrar or at such other <br /> address furnished in writing by such Registered Owner. The Record Date shall be the 15th <br /> day of the month next preceding any regulaz or other interest payment date occurring on the <br /> first day of any month and 15 days preceding any interest payment date occasioned by the <br /> redemption of Bonds on other than the first day of a month. The principal of or redemption <br /> price due on the Bonds sha11 be payable in lawful money of the United States of America <br /> upon presentation thereof at the office of the Paying Agent in the City of Decatur, Illinois, <br /> or at successor Paying Agent and locality. <br /> Section 5. No Global Book-Entry System. The Bonds are not being issued in <br /> book-entry only form. <br /> Section 6. Execution; Authentication. The Bonds shall be executed on behalf of <br /> the City by the manual or duly authorized facsimile signature of its Mayor and attested by <br /> the manual or duly authorized facsimile signature of its City Clerk, as they may determine, <br /> and shall have impressed or imprinted thereon the corporate seal or facsimile thereof of the <br /> City. In case any such officer whose signature shall appear on any Bond shall cease to be <br /> such officer before the delivery of such Bond, such signature shall nevertheless be valid and <br /> sufficient for all purposes, the same as if such officer had remained in office until delivery. <br /> All Bonds shall have thereon a certificate of authentication, substantially in the form <br /> hereinafter set forth, duly executed by the Bond Registrar as authenticating agent of the City <br /> and showing the date of authentication. No Bond shall be valid or obligatory for any <br /> purpose or be entitled to any security or bene�t under this Ordinance unless and until such <br /> certificate of authentication shall have been duly executed by the Bond Registrar by manual <br /> signature, and such certificate of authentication upon any such Bond shall be conclusive <br /> evidence that such Bond has been authenticated and delivered under this Ordinance. The <br /> -6- <br />
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