|
� .
<br /> . , ' .
<br /> Principal of and interest and premium, if any, on this Bond are payable in lawful
<br /> money of the United States of America at the office of Central Illinois Bank, Decatur,
<br /> Illinois. Payment of principal and interest on this Bond shall be made to the registered
<br /> owner thereof and shall be paid by check or draft mailed to the registered owner at his
<br /> address as it appears on the registration books of Issuer or at such other address as is
<br /> furnished to Issuer in writing by such registered owner.
<br /> (2) This Bond is the sole and only Bond of an authorized issue of Bonds
<br /> limited, in aggregate principal amount to $750,000 and issued in one (1) series, namely,
<br /> Series 1999 (the "Bonds") for the purpose of providing funds to be loaned to Easter Seals
<br /> Central Illinois, Inc., an Illinois not-for-profit corporation, (the "Company") to pay a
<br /> portion of the cost of the acquisition, construction, installation and equipping of a new one
<br /> (1) story building of approximately 14,400 square feet and adjacent paved parking area, all
<br /> of which will be situated on a two (2) acre site located at 2715 North 27th Street,
<br /> Decatur, Illinois, said location being within the territorial boundaries of the Issuer, to be
<br /> owned and operated by the Company, and which when completed will be used by the
<br /> Company to provide programs and services to individuals with disabilities within the
<br /> Company's twelve (12) county service area, to help people with disabilities increase their
<br /> independence and quality of life and to provide conference rooms, therapy rooms,
<br /> administrative offices, activity rooms, child care rooms, kitchen, community room, toy
<br /> learning center and case management offices, all necessary for the delivery of the
<br /> Company's programs and services (the "Project").
<br /> The proceeds from the sale of the Bonds have been lent by the Issuer to the
<br /> Company under the terms of a Loan Agreement, dated as of November 1, 1999 (which
<br /> agreement, as from time to time amended and supplemented, is hereinafter referred to as
<br /> the "Agreement"), under which the Company is obligated to pay amounts which are
<br /> sufficient to pay (1) the principal of and premium, if any, and interest on the Bonds as the
<br /> same shall become due in accordance with the Bonds terms and provisions and the terms
<br /> and provisions of the Agreement, and (2) the fees and expenses of any paying agents
<br /> properly payable under the Agreement and certain expenses of Issuer related to the
<br /> Project. The Project will be financed with the proceeds of the Bonds and certain other
<br /> funds of the Company.
<br /> (3) The Bonds are secured by an Assignment and Agreement dated as of
<br /> November 1, 1999, between the Issuer and Central Illinois Bank, Decatur, Illinois (the
<br /> "Original Purchaser"), wherein a mortgage and security interest in the Project is granted to
<br /> Issuer. Reference is hereby made the Agreement for a description of the property pledged
<br /> and assigned, the provisions, among others, with respect to the nature and extent of the
<br /> security, the rights, duties and obligations of Issuer, and the owner of the Bonds, and the
<br /> terms upon which the Bonds is issued and secured.
<br /> (4) This Bond is transferable by the registered owner hereof in person or by his
<br /> attorney duly authorized in writing, but only in the manner, subject to the limitations and
<br /> upon payment of the charges provided in the Agreement, and upon surrender and
<br /> 22
<br />
|