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95-77 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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95-77 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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Last modified
3/24/2016 8:25:05 AM
Creation date
3/24/2016 8:25:02 AM
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Resolution/Ordinance
Res Ord Num
95-77
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $10,000,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 1995, AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST
Approved Date
12/18/1995
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, � , <br /> , Y , <br /> 1 <br /> "Bond Fund" means the Bond Fund established and defined in Section 14 of this <br /> Ordinance. <br /> "Bond Moneys" means the Pledged Taxes and any other moneys on deposit into the <br /> Bond Fund and investment income earned in the Bond Fund. <br /> "Bond Register" means the books of the City kept by the Bond Registrar to evidence <br /> the registration and transfer of the Bonds. <br /> "Bond Registrar" means First of America Bank - Illinois, N.A., located in Decatur, <br /> Illinois, a national banking association having trust powers, or its successors, or a successor <br /> as may be selected by the City and designated as Bond Registrar hereunder. <br /> "Ciry" means the City of Decatur, Macon County, Illinois. <br /> "Code" means the Internal Revenue Code of 1986. <br /> "Council" means the Council of the City. <br /> "County Clerk" means the Clerk of The County of Macon, Illinois. <br /> "Escrow Agent" means First National Bank of Decatur, Decatur, Illinois, a national <br /> banking association having trust powers, or its successors, or a successor as may be selected <br /> b the Cit and desi nated as Escrow A ent hereunder. <br /> Y Y g g <br /> "Escrotiv Agreement" means the escrow agreement by and between the City and the <br /> Escrow Agent as authorized in Section 14 hereof and set forth as Exhibit A. <br /> "Ordinance" means this Ordinance, numbered as set forth on the title page hereof, and <br /> passed by the Council on the 18th day of December 1995. <br /> "Paying Agent" means First of America Bank - Illinois, N.A., located in Decatur, <br /> Illinois, a national banking association having trust powers, or a successor thereto or a <br /> successor designated as Paying Agent hereunder. <br /> -4- <br />
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