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92-88 AUTHORIZING THE ISSUANCE OF $705,000 IN AGGREGATE PRINCIPAL AMOUNT OF ECONOMIC DEVELOPMENT REVENUE REFUNDING BONDS
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92-88 AUTHORIZING THE ISSUANCE OF $705,000 IN AGGREGATE PRINCIPAL AMOUNT OF ECONOMIC DEVELOPMENT REVENUE REFUNDING BONDS
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8/16/2016 4:22:35 PM
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8/16/2016 4:22:34 PM
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Resolution/Ordinance
Res Ord Num
92-88
Res Ord Title
AUTHORIZING THE ISSUANCE OF $705,000 IN AGGREGATE PRINCIPAL AMOUNT OF ECONOMIC DEVELOPMENT REVENUE REFUNDING BONDS SERIES 1992...
Approved Date
10/19/1992
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Borrower directly to the Issuer or the Trustee, (c) any moneys <br /> on deposit in the Payment Fund or the Bond Fund, and (d) the <br /> income and profit from the investment of any moneys while held <br /> in the Payment Fund or the Bond Fund; provided that there shall <br /> be excluaed from Pledged Receipts any amounts paid into the <br /> Rebate Fund pursuant to the Taz Regulatory Agreement. <br /> "Prior Bonds" means the outstanding $800,000 City of <br /> Decatur, Illinois Economic Development Revenue Bonds (Decatur <br /> Development Company Project) dated as of June 1, 1982 . <br /> "Project" means the personal property, including <br /> undivided interests or other interests therein, identified in <br /> Eghibit A to the Agreement, or acquired as a replacement or <br /> substitution therefor or an addition thereto. <br /> "Project Site" means the real estate and interests in <br /> real estate constituting the site of the Project, as described <br /> in Ezhibit B to the Agreement. <br /> "Rebate Fund" means the Rebate Fund created in the Tax <br /> Regulatory Agreement. <br /> "Recipient" means each person who is considered to be <br /> the recipient of interest on the Series 1992 Bonds for any <br /> period, under the Internal Revenue Code of 1986, as amended, or <br /> any applicable state or local tazing statutes, ordinances, <br /> rules or regulations . <br /> "Series 1992 Bonds" means the Series 1992 Bonds <br /> authorized in Section 3 hereof. <br /> "State" means the State of Illinois . <br /> "Tax Regulatorv Agreement" means the Tax Regulatory <br /> Agreement dated as of October 1, 1992 among the Issuer, the <br /> Trustee and the Borrower. <br /> "Trustee" means the Trustee at the time acting as such <br /> under the Indenture, originally Star Bank, National <br /> Association, as Trustee, and any successor Trustee as <br /> determined or designated under or pursuant to the Indenture. <br /> Any reference herein to the Issuer, the Issuing <br /> Authority, the Trustee, or to any officer or official thereof, <br /> shall include those succeeding to their respective functions, <br /> duties or responsibilities pursuant to or by operation of law <br /> or who are lawfully performing such functions . Any reference <br /> herein to any other person or entity shall include his or its <br /> respective successors and assigns . Any reference to a section <br /> - 7 - <br />
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