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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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Last modified
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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[Form of Current Interest Bond - Reverse Side] <br /> City of Decatur, Illinois <br /> General Obligation Bond, <br /> Series 1991 <br /> [ 6] For the prompt payment of this Bond, both principal <br /> and interest, as aforesaid, as the same become due, and for the <br /> levy of taxes sufficient for that purpose, the full faith, credit <br /> and resources of the 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 �ii <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" ) . <br /> [8] The Bonds maturing on or after October 1, , <br /> are redeemable prior to maturity at the option of the City, in <br /> whole or in part on any interest payment date on or after <br /> October 1, �at the principal amount thereof plus accrued <br /> interest to the date of redemption. <br /> [9] 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 /> -29- <br />
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