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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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. � <br /> [Form of Capital Appreciation Bond - Reverse Side] <br /> City of Decatur, Illinois <br /> General Obligation Bond, <br /> Series 1991 <br /> [ 6 ] For the prompt payment of the Compound Accreted <br /> Value of this Bond as the same becomes due at the Maturity Date <br /> or earlier redemption date, and for the levy of taxes sufficient <br /> for that purpose, the full faith, credit and resources of the <br /> City are hereby irrevocably pledged. <br /> [7 ] This Bond is one of a series of Bonds aggregating <br /> the principal amount of $ issued pursuant to the <br /> constitutional home rule powers of the City for the purposes of <br /> providing funds to pay the costs of or reimburse the City for the <br /> costs of certain capital improvements in and for the City and <br /> paying expenses incidental to the issuance of the Bonds, and was <br /> authorized by an ordinance adopted by the Council on <br /> , 1991 (the "Bond Ordinance" j . <br /> � [8] The Bonds maturing on October 1 , are subject <br /> to mandatory redemption prior to maturity on October 1 of each of <br /> the years to - , inclusive, at par and accrued interest to <br /> the date fixed for redemption. <br /> [ 9 ] In the event of the redemption of less than all the <br /> Bonds of like maturity the aggregate amount thereof to be <br /> redeemed shall be $5,000 of Compound Accreted Value at maturity <br /> or an integral multiple thereof and the Bond Registrar shall <br /> -22- <br />
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