R93-57 NOTICE OF PUBLIC HEARING REVENUE REFUNDING BONDS

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-2- and equipping two dormitories for use by its students; (ii) obtain reimbursement for certain prior capital expenditures made in connection with the renovation of its administration building, Shilling Hall; (iii) establish a debt service reserve fund for the Series 1988 Bonds; and (iv) pay certain costs incurred in connection with the issuance of the Series 1988 Bonds. The proceeds of the Series 1991 Bonds were used by the Corporation to: (i) finance, re�nance or obtain reimbursement for all or a portion of the costs of constructing and equipping two dormitories for use by its students; (ii) establish a debt service reserve fund for the Series 1991 Bonds; and (iii) pay certain costs incurred in connection with the issuance of the Series 1991 Bonds. The educational facilities being financed, refinanced or for which the Corporation is being reim- bursed are located on land owned by the Corporation at its main campus in the City of Decatur, Macon County, Illinois and bordered generally by West Eldorado Street on the north, Fairview Avenue on the west, West Wood Street on the South and the Norfolk Southern railroad tracks on the east. The Series 1993 Bonds do not constitute a debt of the City or of the State of Illinois within the meaning of the provisions of the Constitution or Statutes of the State of Illinois or a pledge of the faith and credit of the City or of the State of Illinois or any political subdivision thereof. The Series 1993 Bonds will be payable solely out of the revenues and other funds pledged for their payment in accordance with the Indenture. The Series 1993 Bonds and the interest payable thereon do not give rise to a pecuniary liabiliry of the City or a charge against its general credit or taxing powers.