89-97 PROVIDING FOR THE ISSUANCE OF $4,900,000 CORPORATE PURPOSE BONDS, SERIES 1989

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. x � • � ORDINANCE N[JMBER 89-97 AN ORDINANCE providing for the issuance of $4,900,000 Corporate Purpose Bonds, Series 1989. of the City of Decatur, lKacon County, Illinois, and providing for the levy and collection of a direct annual tag for the payment of the principal of and interest on said bonds. WSEREAS the City of Decatur, Macon County. Illinois (the "City" ) , has a population in excess of 25,000 as determined by the last official census and, accordingly, pursuant to the provisions of the 1970 Constitution of the State of Illinois and particularly Article VII, Section 6(a) thereof, the City is a home rule unit and as such may exercise any power or perform any function pertaining to its government and affairs, including, but not limited to, the power to tax and to incur debt; and WSEREAS pursuant to the provisions of said Section 6 of Article VII of the 1970 Constitution, the City has the power to incur debt payable from ad valorem tax receipts maturing within 40 years from the time it is incurred and without prior referen- dum approval; and WHEREAS on the 25th day of February, 1982, the Council of said City did adopt Ordinance No. 82-22 (the "Enabling Ordi- nance") , setting forth the procedures to be followed in the incurring of indebtedness for corporate purposes and the issuance of bonds of said City payable from ad valorem tax receipts with- out prior referendum approval, and all in accordance with the pertinent provisions of said Article VII of the 1970 Constitution of Illinois, such Ordinance being entitled: