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<br /> ��W ISSUE MOODY'S INVESTORS SERVICE,.INC.—"Aaa"
<br /> • STANDARD & POOR'S CORPORATION—"AAA"
<br /> (AMBAC Insured)
<br /> � Subject to compliance by the Municipality with certain covenanu, in the opinion of Chapman and Cutler, Bond Counsei, under praent law
<br /> ���test on the Seria 1991 Bonds will not be includible in the gross income of the owners thereof for federal income tax purposes,but will be taken
<br /> :�
<br /> ��o auount in computing the corporate alternative minimum tax, as more fully discussed under the heading"Tax Exemption."The Bonds are not
<br /> � �griated as��9u8��fied tax-exempt obligations."The interest on the Bonds is not exempt from present Illinois income taxes.
<br /> :� �
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<br /> � � CITY OF DECATUR
<br /> � =, ' � �;'�2 Macon County, Illinois . ��
<br /> o�o���.` $17,955,730.20 General Obligation Bonds, Series 1991
<br /> ��; G�rrent Interest Bonds:September 1,1991 Due: October 1,as shown below
<br /> Cspital AppreciaHon Bonds:Date of Issuance _
<br /> The Bonds are issuable only in registered form.Midwest Securities Trust Company("MSTC"),Chicago,Illinois,will act as securities depository
<br /> of thc Bonds a�d iu nominee, Kray & Co., will be the registered owner of the Bonds. Bondholders will not receive certificates representing their
<br /> . mteresu in the Bonds. Individual purchases of the Bonds must be in the principal amount of$5,000 or any integral multiple thereof and will be
<br /> �corded on a book-entry only system operated by MSTC.For further details on ownership,payments,notices and other matters under the book-entry
<br /> nnly system,see"THE BONDS:Book-Entry Only System."
<br /> The Bonds consist of current interest bonds and capital appreciation bonds. Interest on the current interest bonds will accrue over time at the
<br /> ruos per annum set forth below,and will be payable on October 1, 1992,and semi-annually on each April 1 and October 1 thereafter until maturity or
<br /> cedempdon prior to maturity.Interat on the capital appreciation bonds will accrue over time at the ra[e per annum set forth below and will be payable
<br /> ooly at maturity.Principal,redemption premium,if any,and interat on the Bonds are payable at the principal corporate office of The First National
<br /> Hank of Decatur.Decatur,Illinois,as Bond Registrar and Paying Agent.
<br /> The Current Interest Bonds are subject to optional redemption and mandatory sinking fund redemption prior to maturity as described herein.
<br /> The Capital Appreciation Bonds are NOT subject to optional redemption.
<br /> The Municipality will furnish the opinion of Bond Counsel that the Bonds will constitute the valid and legally binding obligations of the
<br /> Kunicipality.See"THE BONDS:Source of Payment and Security for the Bonds."
<br /> � payment of the principal of and interest on the Bonds when due will be insured by a municipal bond insurance policy to be issued
<br /> �� by AMBAC Indemnity Corporation simultaneously with the delivery oC the Bonds.
<br /> .n.....oe..oA.no.
<br /> MATURITY SCHEDULE
<br /> 511,265,000 Current Interest Bonds 56,690,730.20 Capital Appreciation Bonds
<br /> Compound
<br /> Original Price Per Accreted Approximate
<br /> �laturity Principal Interest Maturity Principa] $5,000 At Value At Yield to
<br /> October 1 Amount Rate Yield October 1 Amount Matu�ity Maturity Maturity
<br /> 1�92 S 925,000 54.70% 4.70 2000 5814,392.60 $2,798.60 $1,455,000 6.50%
<br /> 1993 650,000 5.00 5.10 2001 756,512.70 2,599.70 1,455,000 6.60
<br /> 1994 685,000 5.25 5.40 2002 701,397.30 2,410.30 1,455,000 6.70
<br /> 1995 720,000 5.50 5.60 2003 649,031.85 2,230.35 1,455,000 6.80
<br /> 1996 765,000 5.70 5.80 2004 603,228.45 2,072.95 1,455,000 6.85
<br /> 1991 810,000 5.90 6.00 2005 560,116.80 1,924.80 1,455,000 6.90
<br /> 1998 94p,0p0 6.00 6.10 2006 519,580.50 1,785.50 1,455,000 6.95
<br /> 1999 1,000,000 6.10 6.25 2007 481,517.70 1,654.70 1,455,000 7.00
<br /> 2008 445,797.45 1,531.95 1,455,000 7.05
<br /> 2009 415,955.40 1,429.40 1,455,000 7.05
<br /> 2010 384,556.50 1,321.50 1,455,000 7.10
<br /> 2011 358,642.95 1,232.45 1,455,000 7.10
<br /> 54,770,000 6.90%Current Interest Term Bonds
<br /> Bonds Due October 1,2014—Yield 7.00%
<br /> (Plus Accrued Interest from September 1, 1991) (Plus accrued interest from date of issuance.)
<br /> The Bonds are offered,when,as and if issued and received by the Underwriters,subject to prior sale,to withdrawal or modification of the offer
<br /> ��out notice, and to the approval of legality of the Bonds by Bond Counsel. Certain legal matcers wil] be passed upon for the Municipality by its
<br /> °pansel.John W.Couter Esq.,Decatur,Illinois and for the Underwriter by its counsel,Samuels,Miller,Schroeder,Jackson&Sly,Decatur,Illinois.It
<br /> s aPxced that the Bonds in definitive form will be available for delivery to the Undetwriters in Chicago,Illinois on or about September 5, 1991.
<br /> y� glunt Ellis & Loewi ,�.G�'d'w�a�s&So�l.�Inc
<br /> �d�vision of Kemper Securities Group, Inc.
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