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89-97 PROVIDING FOR THE ISSUANCE OF $4,900,000 CORPORATE PURPOSE BONDS, SERIES 1989
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89-97 PROVIDING FOR THE ISSUANCE OF $4,900,000 CORPORATE PURPOSE BONDS, SERIES 1989
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8/24/2016 1:26:52 PM
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Resolution/Ordinance
Res Ord Num
89-97
Res Ord Title
PROVIDING FOR THE ISSUANCE OF $4,900,000 CORPORATE PURPOSE BONDS, SERIES 1989, ...AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Approved Date
12/11/1989
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, . <br /> , <br /> howsoever evidenced or incurred, does not exceed any constitu- <br /> tional or statutory or other lawful limitation; and that <br /> provision has been made for the collection of a direct annual <br /> tax, in addition to all other taxes, on all of the taxable prop- <br /> erty in the City sufficient to pay the interest hereon as the <br /> same falls due and also to pay and discharge the principal hereof <br /> at maturity. <br /> THE CITY HAS DESIGNATED THE BONDS AS "QUALIFIED TAX- <br /> EXEMPT OBLIGATIONS" PIIRSUANT TO SECTION 265(b(3) OF THE INTERNAL <br /> REVENUE CODE OF 1986. <br /> This Bond shall not be valid or become obligatory for <br /> any purpose until the certificate of authentication hereon shall <br /> have been signed by the Bond Registrar. <br /> IN WITNESS WSEREOF the City of Decatur, Macon County, <br /> Illinois, by its Council, has caused this Bond to be executed by <br /> the manual or duly authorized facsimile signature of its Mayor <br /> and attested by the manual or duly authorized facsimile signature <br /> of its City Clerk and its corporate seal or a facsimile thereof <br /> -13- <br />
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