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91-58 PROVIDING FOR THE ISSUE OF GENERAL OBLIGATION BONDS, SERIES 1991
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91-58 PROVIDING FOR THE ISSUE OF GENERAL OBLIGATION BONDS, SERIES 1991
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8/22/2016 2:16:19 PM
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8/22/2016 2:16:16 PM
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Resolution/Ordinance
Res Ord Num
91-58
Res Ord Title
PROVIDING FOR THE ISSUE OF GENERAL OBLIGATION BONDS, SERIES 1991,...AND FOR THE LEVY AND COLLECTION OF A DIRECTION ANNUAL TAX SUFFICIENT TO PAY THE COMPOUND ACCRETED VALUE OF, PRINCIPAL OF AND INTEREST ON SAID BONDS...
Approved Date
8/19/1991
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Dated Date hereof at a semiannual compounding rate necessary to <br /> produce the Original Yield to Maturity set forth above, compound- <br /> ed semiannually on each April 1 and October 1, commencing October <br /> 1, 1992 . The Maturity Amount of this Bond, or the Compound Ac- <br /> creted Value thereof upon redemption, is payable in lawful money <br /> of the United States of America upon presentation and surrender <br /> of this Bond at the principal corporate trust office of The First <br /> National Bank of Decatur, Decatur, Illinois, or its successor, as <br /> bond registrar and paying agent ( the "Bond Registrar") . The <br /> Compound Accreted Value (the "Compound Accreted Value" ) , of this <br /> Bond per $5,000 Maturity Amount on April 1 and October 1 of each <br /> year, commencing October 1, 1992, determined by the semiannual <br /> compounding described in this paragraph shall be as set forth in <br /> the Table of Compound Accreted Value Per $5,000 of Compound <br /> Accreted Value at Maturity on the reverse side hereof. <br /> [ 2J Reference is hereby made to the further provisions <br /> of this Bond set forth on the reverse hereof and such further <br /> provisions shall for all purposes have the same effect as if set <br /> forth at this place. <br /> [ 3] It is hereby certified and recited that all condi- <br /> tions, acts and things required by law to exist or to be done <br /> precedent to and in the issuance of this Bond did exist, have <br /> happened, been done and performed in regular and due form and <br /> time as required by law; that the indebtedness of the City, in- <br /> cluding the issue of Bonds of which this is one, does not exceed <br /> -20- <br />
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