90-100 ESTABLISHING A QUALIFIED MORTGAGE CREDIT CERTIFICATE PROGRAM

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shall be designated "City of Decatur , Macon County, Illinois Single Family Mortgage Credit Certificates, Series 1990 . " The Certificates shall be issued and delivered by the Local Administrator under the supervision of the Program Administrator as set forth in the Administration Agreement. The Certificates shall be executed by the manual or facsimile signatures of the Mayor and the City Clerk of the Municipality, and the seal of the Municipality or a facsimile thereof shall be affixed thereto or printed thereon. At the time each Certificate is issued, it shall be countersigned by the manual signature of the Local Administrator or otherwise as provided in the Administration Agreement. The form of the Certificates shall be that prescribed by the Internal Revenue Service. If no form is prescribed or if , such form is not readily available, the Certificates shall be � issued in the form prepared by the Program Administrator in I accordance with the provisions of the Administration Agreement . I The Certificates shall contain the information required by IRS Regulations Section 1. 25-6T(b) and such other information as the Program Administrator in its discretion may deem necessary. Section 9 . Mortgage Credit Certificate Election. The Election whereby the Municipality elects not to issue Qualified Mortgage Bonds in the amount set forth therein in order to estab- lish the Yrogram, the Total Proceeds of which shall not exceed 25% of the non-issued amount set forth in the Election, is hereby -8-