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WSEREAS, the Carporation may request that the <br /> Muniaipality ent�r into a Bond Purchase Agreernent wi�h �lun� <br /> Ell�s & Loewi , a d�vision Qf Kemper Securitieg Group, Inc. (the <br /> "UndeXwriter" ) , pursuant ta which the Underwritier will pffer to <br /> purchase the Bands at a price acceptable to the Muni.cipa�ity and <br /> the Corpota�ion; and <br /> WAEREAS, the Corporation h�s caused ta be prepared and <br /> presented to the Gouncil the following describefl documents: <br /> ( 1) a Memprandum of Agreement ( the "Memorandum of <br /> Agreement" ) between the Municipality and the Corporation under <br /> the terms of which the Municipality agrees, subject to the <br /> provisions of such Agreement, to issuE the Bonds for the purposes <br /> described above; <br /> (2) a draft of a Prelim�nary OFficial Statement ta be <br /> used in cannection with trie �ale oE the Bonds ( the "Preliminary <br /> Official Statement" ) ; and <br /> ( 3) a draft of a Bond Purchase Agreement between the <br /> Munzcipality and the Underwriter and approved by the Corporation . <br /> ( the "�ond Purchase Agreement" ) . <br /> NOW, THEREFQRE, BE IT ORDAINED by the Counci]. of the <br /> Ci.ty of Decatur, Macan Co�nty, Illinois, ag �allows: <br /> Section l. That the MuniciPality is a hame rule unit <br /> under the provisions o� the 1970 Constitution af Illinois and, as <br /> a home rule unit, may, under the powers granted by Section 6 (a) <br /> of Article VXx thereof , "ex�rcise any power and perform any <br /> �3_ <br />