|
, _ ,
<br /> T I ii
<br /> WHEREAS, the Corporation has deternuned that it is in its best interests to advance
<br /> refund the portion of the outstanding Series 1991B Bonds maturing on or after October 1,
<br /> 2002 (the "Refunded Series 1991B Bonds"); and
<br /> WHEREAS, the Corporation now desires to obtain a loan from the Illinois Health
<br /> Facilities Authority (the "Authority") to provide a portion of the moneys necessary to
<br /> advance refund the Refunded Series 1991B Bonds; and
<br /> WHEREAS, such loan from the Authority to the Corporation will be evidenced and
<br /> secured by a Loan Agreement dated as of November 1, 1996 (the "Series 1996B Loan
<br /> AgreemenY') between the Corporation and the Authority and will be further secured by the
<br /> $21,865,000 Direct Note Obligation, Series 1996B (the "Series 1996B Obligation"), issued
<br /> by the Corporation to the Authority pursuant to a Master Trust Indenture dated as of
<br /> June 1, 1991, as supplemented and amended, between the Corporation and First of America
<br /> Bank-Illinois, N.A., as master trustee (the "Master Trustee"); and
<br /> WHEREAS, it has been determined that in order to obtain funds to accomplish such
<br /> purposes the Authority will issue $21,865,000 in aggregate principal amount of its Revenue
<br /> Refunding Bonds, Series 1996B (Decatur Memorial Hospital) (the "Series 1996B Bonds")
<br /> under a Bond Trust Indenture dated as of November 1, 1996 between the Authority and The
<br /> First National Bank of Decatur, as bond trustee (the "Series 1996B Bond Trustee"); and
<br /> W HEREAS, in order to accomplish the advance refunding of the Refunded
<br /> Series 1991B Bonds and to secure the payment of interest on the Refunded Series 1991B
<br /> Bonds through and including October 1, 2001 and to redeem on October 1, 2001 all
<br /> outstanding Refunded Series 1991B Bonds at a redemption price of 102% of the principal
<br /> amount thereof, a portion of the net proceeds of the sale of the Series 1996B Bonds,
<br /> together with certain moneys currently on deposit with the Series 1991 Trustee, will be used
<br /> to purchase certain Escrow Obligations (as defined in the Series 1991 Bond Indenture),
<br /> which Escrow Obligations, together with the income or increment to accrue thereon,
<br /> without consideration of any reinvestment thereof, and certain uninvested cash, will be fully
<br /> sufficient to pay or redeem the principal of and premium and interest on the Series 1991B
<br /> Bonds as heretofore stated; and
<br /> WHEREAS, this First Supplemental Bond Indenture is entered into for the purpose of
<br /> accomplishing the advance refunding of the Refunded Series 1991B Bonds in accordance
<br /> with the Series 1991 Bond Indenture and for the purpose of setting forth the duties and
<br /> obligations of the parties hereto in connection therewith;
<br /> NOW, THEREFORE, IT IS HEREBY COVENANTED, DECLARED AND AGREED by and
<br /> between the parties hereto that all the trust estate is to be held and applied, subject to the
<br /> further covenants, conditions, releases, uses and trusts hereinafter set forth, and the '
<br /> Municipality, for itself and its successors, does hereby covenant and agree to and with the
<br /> Series 1991 Trustee and its successors in said trust, for the benefit of those who shall own
<br /> the Refunded Series 1991B Bonds, or any of them, as follows:
<br /> -2-
<br />
|