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. <br /> � � <br /> t , <br /> . <br /> � � <br /> � <br /> � <br /> ORDINANCE NUMBER 95-�� <br /> AN ORDINANCE providing for the issuance of not to exceed <br /> $10,000,000 General Obligation Refunding Bonds, Series 1995, of <br /> the City of Decatur, Macon County, Illinois, and providing for the <br /> levy and collection of a direct annual tax for the payment of the <br /> principal of and interest on said bonds. <br /> WHEREAS the City of Decatur, Macon County, Illinois (the "City") is a duly organized <br /> municipality under the laws of the State of Illinois, operating generally under the Illinois <br /> Municipal Code, as amended; has a population in excess of 25,000 as determined by the last <br /> official census; and pursuant to the provisions of Section 6 of Article VII of the Constitution <br /> of the State of Illinois, the City is a home rule unit and may exercise any power or perform <br /> any function pertaining to its government and affairs including, but not limited to, the power <br /> to tax and to incur debt (the Illinois Municipal Code as supplemented and, where in conflict, <br /> superseded by said constitutional powers being the "Act"); and <br /> WHEREAS pursuant to the provisions of the Act, the City has the power to incur debt <br /> payable from ad valorem property tax receipts or from any other lawful source and <br /> maturing within 40 years from the time it is incuned without prior referendum approval; <br /> and <br /> WHEREAS on the 25th day of February, 1982, the Council did adopt an ordinance <br /> deternunin� the procedures to be followed in the borrowing of money for public purposes <br /> of the City and in evidence of such borrowing the issuing of full faith and credit bonds of <br /> the City without referendum approval, such ordinance being entitled: <br />