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91-47 AUTHORIZING THE ISSUANCE OF $9,950,000 HOSPITAL FACILITY REVENUE REFUNDING BONDS, SERIES 1991A...
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91-47 AUTHORIZING THE ISSUANCE OF $9,950,000 HOSPITAL FACILITY REVENUE REFUNDING BONDS, SERIES 1991A...
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Last modified
8/22/2016 3:01:28 PM
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8/22/2016 3:01:27 PM
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Resolution/Ordinance
Res Ord Num
91-47
Res Ord Title
AUTHORIZING THE ISSUANCE OF $9,950,000 HOSPITAL FACILITY REVENUE REFUNDING BONDS, SERIES 1991A... AND $30,050,000 HOSPITAL FACILITY REVENUE BONDS, SERIES 1991B...
Approved Date
6/17/1991
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WHEREAS, in order to provide funds for the foregoing <br /> purposes, it is necessary and in the interest of the Municipality <br /> to authorize the issuance of $9,950,000 aggregate principal <br /> amount of Hospital Facility Revenue Refunding Bonds, Series 1991A <br /> (Decatur Memorial Hospital) and $30,050, 000 aggregate principal <br /> amount of Hospital Facility Revenue Bonds, Series 1991B (Decatur <br /> Memorial Hospital) (collectively, the "Bonds" ) pursuant to the <br /> Enabling Ordinance, and the same is a matter pertaining to the <br /> government and affairs of the Municipality; and <br /> . WHEREAS, pursuant to an ordinance entitled "AN <br /> ORDINANCE authorizing the execution and delivery of a Memorandum <br /> of Agreement, an Official Statement and a Bond Purchase Agreement <br /> pertaining to the issuance of tt� Hospital Facility Revenue <br /> Refunding Bonds, Series 1991A (Decatur Memorial Hospital) and the <br /> Hospital Facility Revenue Bonds, Series 1991B (Decatur Memorial <br /> Hospital ) of the City of Decatur , Macon County, Illinois, " the <br /> Municipality has authorized the execution of, among other things, <br /> a bond purchase agreement with respect to the Bonds; and <br /> WHEREAS, the Municipality and Blunt, Ellis & Loewi , a <br /> division of Kemper Securities Group, Inc. ( the "Underwriter" ) , <br /> have entered into a Bond Purchase Agreement dated June 7 , 1991 <br /> ( the "Bond Purchase Agreement" ) , which has been approved by the <br /> Corporation, providing for the sale by the Municipality and the <br /> purchase by the Underwriter of ( i ) the Series 1991A Bonds in an <br /> aggregate principal amount of $9 , 950 , 000 at a purchase price of <br /> -3- <br />
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