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R89-93 AUTHORIZING AGREEMENT FOR MANAGEMENT OF DECATUR PUBLIC TRANSIT SYSTEM
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R89-93 AUTHORIZING AGREEMENT FOR MANAGEMENT OF DECATUR PUBLIC TRANSIT SYSTEM
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8/8/2016 3:46:05 PM
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Resolution/Ordinance
Res Ord Num
R89-93
Res Ord Title
AUTHORIZING AGREEMENT FOR MANAGEMENT OF DECATUR PUBLIC TRANSIT SYSTEM
Approved Date
7/10/1989
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facts in reasonable detail. In the event that the breaching <br /> party has not cured such breach within thirty (30) days (or <br /> in case of breaches which require a longer period to cure, <br /> has failed to commence upon such cure within said period and <br /> thereafter to diligently proceed with the same to comple- <br /> tion) , the non-breaching party shall have the right to <br /> terminate this Agreement without further notice. This <br /> agreement shall also be terminable for cause at the option <br /> of the other party if any party is adjudicated bankrupt; is <br /> subjected to the appointment of a receiver and fails to have <br /> such a receiver removed within ninety (90) days; has any of <br /> its property attached and fails to remove such attachment <br /> within ninety (90) days; becomes insolvent; or, for a period <br /> of ninety (90) days, is unable to pay its debts as the same <br /> become due, upon ninety (90) days' notice. <br /> 37. This Agreement shall be governed by the laws of <br /> the State of Illinois. <br /> IN WITNESS WHEREOF, the said Operator has caused this <br /> Agreement to be signed, sealed and attested by its President <br /> and Secretary, this ����ay of ` �-' ' , 1989, <br /> ,,, <br /> and said City has caused the same to be signed, sealed, and <br /> atteste�� o by its Mayor and City Clerk this � ��� ���' day <br /> of �'� G��i"�% ` , 1989 . ' <br /> 16 <br />
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