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R90-94 AUTHORIZING AGREEMENT FOR MANAGEMENT OF DECATUR PUBLIC TRANSIT SYSTEM
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R90-94 AUTHORIZING AGREEMENT FOR MANAGEMENT OF DECATUR PUBLIC TRANSIT SYSTEM
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8/4/2016 8:53:16 AM
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Resolution/Ordinance
Res Ord Num
R90-94
Res Ord Title
AUTHORIZING AGREEMENT FOR MANAGEMENT OF DECATUR PUBLIC TRANSIT SYSTEM
Approved Date
7/2/1990
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v <br /> i <br /> r • ` r �� / <br /> _ �U � <br /> A G R E E M E N T <br /> For and in consideration of the promises, covenants, <br /> agreements and conditions hereinafter set forth to be <br /> performed, kept and met by the respective parties hereto, <br /> this Agreement is made by and between THE CITY OF DECATUR, <br /> ILLINOIS, a Municipal Corporation, hereinafter referred to <br /> as City, and ATE Management and Service Company, Inc. <br /> authorized to and doing business in the State of Illinois, <br /> hereinafter referred to as ATE and Transit Management of , <br /> Decatur, Inc. ("TMC") , an Illinois corporation and a <br /> wholly-owned subsidiary of ATE as follows: <br /> 1 . This Agreement shall become and be effective as of <br /> the date of signing and shall continue in effect until June <br /> 30 1993 or until the Cit or ATE shall ive notice of its <br /> . Y g <br /> intention and desire to terminate the same not less than <br /> ninety (90) days prior to the first day of July in the year <br /> in which it is sought to cause said termination. <br /> 2. Commencing with the first day of the term of this <br /> Agreement and continuing through the duration thereof, ATE <br /> agrees to furnish full and complete management and supervi- <br /> sory services reasonably required for the conduct and <br /> operation of public transportation facilities owned by the <br /> City and all appurtenances and additions to said facilities <br /> 1 <br />
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