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� <br /> . <br /> . <br /> � <br /> WHEREAS, the City has determined that it is advisable <br /> and necessary at this time to borrow the sum necessary for the <br /> purpose of financing the Projects and paying the expenses of <br /> issuing the bonds herein authorized for such purpose, and in <br /> evidence thereof to issue its General Obligation Bonds, Series <br /> 1991, in an Original Principal Amount (as defined herein) not <br /> exceeding $18,000,000 (the "Bonds" ) , such borrowing being f or a <br /> proper public purpose and in the public interest, and the City, <br /> by virtue of its constitutional home rule powers and all laws <br /> applicable thereto, has the power to issue the Bonds; now, there- <br /> fore: <br /> BE IT ORDAINED BY THE COUNCIL OF THE CITY OF DECATUR: <br /> Section 1. The Council hereby finds that all of the <br /> recitals contained in the preambles to this Ordinance are full, <br /> true and correct and does incorporate them into this Ordinance by <br /> this reference. <br /> Section 2. There shall be borrowed on the credit of <br /> and for and on behalf of the City the Original Principal Amount <br /> not exceeding $18,000,000 for the purposes aforesaid. <br /> All or any portion of the Bonds shall be issued as <br /> Bonds payable in one payment on a fixed date ( "Capital <br /> Appreciation Bonds" ) . Such Bonds issued as Capital Appreciation <br /> Bonds shall be dated the date of issuance thereof and shall also <br /> bear the date of authentication, shall be in fully registered <br /> form, shall be numbered as determined by The First National Bank <br /> -2- <br />