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R96-63 PROVIDING FOR THE FINANCING OF THE ACQUISITION OF MANUFACTURING FACILITIES
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R96-63 PROVIDING FOR THE FINANCING OF THE ACQUISITION OF MANUFACTURING FACILITIES
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Last modified
7/5/2016 3:07:26 PM
Creation date
7/5/2016 3:07:25 PM
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Resolution/Ordinance
Res Ord Num
R96-63
Res Ord Title
PROVIDING FOR THE FINANCING BY THE CITY OF DECATUR OF THE ACQUISITION OF MANUFACTURING FACILITIES FOR RINGWOOD CONTAINERS, L.P., TO PROVIDE INCREASED JOB OPPORTUNITIES AND RETAIN EXISTING JOBS; ETC
Approved Date
5/28/1996
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Treasurer, or the City Clerk of the Issuer shall be and are <br /> hereby authorized, empowered and directed to cause to be prepared <br /> Bonds in the form and having the other terms and provisions as <br /> set forth in the Assignment, as executed and delivered; that the <br /> Bonds shall be executed in the name of the Issuer with the manual <br /> or facsimile signature of its Mayor and the manual or facsimile <br /> signature of its City Clerk and the seal of the Issuer shall be <br /> impressed or reproduced thereon, and that the Mayor, the City <br /> Manager, or the City Treasurer or other appropriate officer of <br /> the Issuer shall cause the Bonds, as so executed and attested, to <br /> be delivered to the Assignee, as Registrar, for authentication, - <br /> and the Registrar is hereby requested to authenticate not to <br /> exceed 52, 750,000 aggregate principal amount of Bonds and upon <br /> payment therefor to deliver the Bonds to the Purchaser in <br /> accordance with and pursuant to the Assignment; and that the form <br /> of the Bonds in the Assignment as the form thereof appears in the <br /> Assignment, subject to appropriate insertions, modifications and <br /> revisions in order to comply with the provisions therefor set � <br /> forth in the Assignment shall be, and the same hereby is, <br /> approved, and when the same shall be executed on behalf of the ' <br /> Issuer in the manner contemplated by the Assignment and this <br /> resolution in the aggregate principal amount of $2, 750,000, they <br /> shall represent the approved form of the Bonds of the Issuer. <br /> The provisions in the Assignment specifying Bond terms are hereby I' <br /> authorized and a roved. No holder of any Bonds issued under '', <br /> PP <br /> this resolution and the Assignment has the right to compel any I <br /> exercise of taxing power of the Issuer, the State of Illinois or <br /> -5- <br />
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