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R99-187 AUTHORIZING THE ISSUANCE AND SALE OF ECONOMIC DEVELOPMENT REVENUE BONDS
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R99-187 AUTHORIZING THE ISSUANCE AND SALE OF ECONOMIC DEVELOPMENT REVENUE BONDS
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4/7/2016 9:29:42 AM
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Resolution/Ordinance
Res Ord Num
R99-187
Res Ord Title
AUTHORIZING THE ISSUANCE AND SALE OF ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 1999, AUTHORIZING EXECUTION OF A LOAN AGREEMENT, AN ASSIGNMENT AND AGREEMENT, AND A BOND PURCHASE AGREEMENT
Approved Date
11/1/1999
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"Authorized Company Representative" means the person or persons at the time <br /> designated to act on behalf of the Company by a written certificate furnished to the Issuer and the <br /> Assignee and the Paying Agent containing the specimen signature(s) of such person(s) and signed <br /> by appropriate officers of the Company. Such certificate or any subsequent or supplemental <br /> certificate so executed may designate an alternative or alternates, each of whom shall be entitled <br /> to perform all duties of the Authorized Company Representative. <br /> "Authorized Issuer Representative" means the Mayor of the Issuer or such other person at <br /> the time designated to act on behalf of the Issuer by a written certificate furnished to the <br /> Company, the Assignee, the Bond Registrar and Paying Agent containing the specimen signature <br /> of such person and signed by the Mayor of the Issuer and certified by the City Clerk of the Issuer. <br /> Such certificate or any subsequent or supplemental certificate so executed may designate an <br /> alternate or alternates, each of whom shall be entitled to perform all duties of the Authorized <br /> Issuer Representative. <br /> "Base Rate" means the floating, daily, variable rate of interest determined and announced <br /> by the Assignee from time to time as its "Base Lending Rate" (without reference to prime or base <br /> rate of any other financial institution) which rate may not necessarily be the lowest rate of interest <br /> charged by the Assignee to any of its customers. <br /> "Bond" or "Bonds" means the Economic Development Revenue Bonds (Easter Seals <br /> Central Illinois, Inc. Project), Series 1999, initially dated November 4, 1999, in the aggregate <br /> principal amount of$750,000, to be issued by the Issuer pursuant to the Bond Resolution. <br /> "Bondholder," "Registered Owner" or "Owner" means Central Illinois Bank, an Illinois <br /> banking corporation, with its office at P.O. Box 200, 240 S. Main Street, Decatur, Illinois 62525- <br /> 0200, and its successors to all or any part of the Bonds, as registered in the Bond Register. <br /> "Bond Counsel" means the counsel or firm who rendered the opinion as to the tax-exempt <br /> status of interest on the Bonds initially issued pursuant to the Bond Resolution or other firm of <br /> nationally recognized bond counsel experienced in matters relating to tax-exempt financing, <br /> selected by the Company and approved by the Assignee. <br /> "Bond Fund" means the Bond Fund created pursuant to the Bond Resolution. <br /> "Bond Purchase Agreement" means the Bond Purchase Agreement dated November 2, <br /> 1999, among the Issuer, the Original Purchaser and the Company. <br /> "Bond Register" means the bond register maintained by the Bond Registrar and Paying <br /> Agent. <br /> "Bond Registrar and Paying Agent" means Central Illinois Bank, an Illinois banking <br /> corporation, with its office at P.O. Box 200, 240 S. Main Street, Decatur, Illinois 62525-0200, <br /> and its successor or successors and any other corporation which at the time may be substituted in <br /> its place pursuant to and at the time serving as Bond Registrar and Paying Agent under the Bond <br /> Registrar and Paying Agent Agreement. <br /> 7 <br />
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