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, . . <br /> , � • <br /> Bonds. Any such consent or waiver by the owner of the Bonds shall be conclusive and <br /> binding upon such owner and upon all future owners of this Bond and of any Bond issued <br /> in replacement thereof whether or not notation of such consent or waiver is made upon <br /> this Bond. The Agreement also contains provisions permitting waiver of certain past <br /> defaults under the Agreement and their consequences. <br /> (11) It is hereby certified, recited and declared that all acts, conditions and <br /> things required to exist, happen and be performed precedent to and in the execution and <br /> delivery of the Agreement and the issuance of this Bond do exist, have happened and have <br /> been performed in due time, form and manner as required by law; that the issuance of this <br /> Bond and the issue of which it forms a part, together with all other obligations of the <br /> Issuer, does not exceed or violate any constitutional or statutory limitation; and that the <br /> amounts payable under the Agreement and pledged to the payment of the principal of and <br /> premium, if any, and interest on this Bond and the issue of which it forms a part, as the <br /> same become due, will be sufficient in amount for that purpose. <br /> (12) The Issuer has designated the Bonds "qualified tax-exempt obligations" <br /> under Section 265(b)(3) of the Code. <br /> IN WITNESS WHEREOF, the City of Decatur, Illinois, has caused this Bond to <br /> be executed in its name by the manual signature of its Mayor and its corporate seal to be <br /> hereunto impressed or imprinted hereon and attested by the manual signature of its City <br /> Clerk, all as of the 4th day of November, 1999. <br /> CITY OF DECATUR, ILLINOIS <br /> By: <br /> Mayor <br /> (SEAL) <br /> ATTEST: <br /> City Clerk <br /> 25 <br />