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, � <br /> , ' , <br /> � <br /> � <br /> WHEREAS pursuant to the Act, the City is authorized to issue general obligation bonds <br /> to accomplish the refunding (the "Refunding") of the 1991 Bonds (the "Prior Bonds"), and it <br /> is deemed necessary and desirable to provide for the issuance of not to exceed $10,000,000 <br /> principal amount general obligation bonds for such purpose and for the purpose of realizing <br /> such net debt service savings; and <br /> WHEREAS the Council of the City does hereby determine that it is advisable and in the <br /> best interests of the City to borrow an amount not to exceed $10,000,000 at this time <br /> pursuant to the Act for the purpose of paying the costs of the Refunding and, in evidence of <br /> such borrowing, issue its full faith and credit bonds in the principal amount of not to exceed <br /> $10,000,000; <br /> NOW THEREFORE Be It Ordained by the Council of the City of Decatur, Macon <br />' County, Illinois, in the exercise of its home rule powers, as follows: <br /> Section 1. Definitions; Effect of Headings. In addition to such other words and <br /> terms used and defined in this Ordinance, the following words and terms used in this <br /> Ordinance shall have the following meanings, unless, in either case, the context or use <br /> clearly indicates another or different meaning is intended: <br /> "Act" means the Illinois Municipal Code, as supplemented and amended, and the home <br /> rule powers of the City under Section 6 of Article VII of the Illinois Constitution of 1970 <br /> and the Enabling Ordinance adopted pursuant to such home rule powers; and in the event of <br /> conflict between the provisions of said code and home rule powers, the home rule powers <br /> shall be deemed to supersede the provisions of said code. <br /> "Bonds" means the not to exceed $10,000,000 General Obligation Refunding Bonds, <br /> Series 1995, authorized to be issued by this Ordinance. <br /> -3- <br />