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WHEREAS, as security for the loan of the proceeds of <br /> the Bonds, the Corporation will issue to the Municipality the <br /> Series 1991A Obligation and the Series 1991B Obligation; and <br /> WHEREAS, the Corporation has determined that a <br /> substantial reduction in the interest cost payable by the <br /> Municipality with respect to the Bonds and by the Corporation <br /> with respect to the Series 1991A Obligation and the Series 1991B <br /> Obligation will result if bond insurance policies ( together , the <br /> "Bond Insurance Policy" ) are obtained from Municipal Bond <br /> Investors Assurance Corporation ( the "Bond Insurer" ) insuring the <br /> payment of principal and interest on the Bonds; ' <br /> NOW, THEREFORE, BE IT ORDAINED by the Council of the <br /> City of Decatur , Macon County, Illinois, as follows: <br /> Section 1. That the Municipality is a home rule unit <br /> under the provisions of the 1970 Constitution of Illinois, and as <br /> a home rule unit may, under the powers granted by Section 6 (a) of <br /> Article VII thereof, "exercise any power and perform any function <br /> pertaining to its government and affairs. " That this ordinance <br /> is adopted pursuant to the Municipality' s home rule powers and in <br /> accordance with the Enabling Ordinance, any provisions contained <br /> in the Illinois Municipal Code to the contrary notwithstanding . <br /> Section 2. That the form, terms and provisions of the <br /> proposed Loan Agreement be, and they hereby are, in all respects <br /> ' approved, and that the Mayor and Clerk of the Municipality be, <br /> and they hereby are, authorized, empowered and directed to <br /> -6- <br />