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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 /> said years and in said County; and said County Clerk shall (to <br /> the extent said tax has not been abated as provided herein) <br /> extend the same for collection on the tax books in connection <br /> with any other taxes that may be levied in said years in and by <br /> the City for general corporate purposes of the City; and in said <br /> years such annual tax shall be levied and collected by and for <br /> and on behalf of the City in like manner as provided by law for <br /> the levy and collection of taxes for general corporate purposes <br /> for said years, without limit as to either rate or amount, and in <br /> addition to and in excess of all other taxes. <br /> Section 10. Sale of Bonds <br /> The Bonds shall be executed as in this Ordinance pro- <br /> vided as soon after the passage hereof as may be, shall be depos- <br /> ited with the City Treasurer, and shall be by the City Treasurer <br /> delivered to the purchasers thereof, namely, The Citizens <br /> National Bank of Decatur, Decatur, Illinois, upon payment of the <br /> purchase price agreed upon, the same being not less than par plus <br /> accrued interest to date of delivery. The contract (bid form) <br /> for the sale of the Honds to such purchasers, dated the date of <br /> this Ordinance, as presented to the Council with this Ordinance, <br /> is hereby in all respects approved and confirmed, it being hereby <br /> declared that no person holding any office of the City, either by <br /> election or appointment, is in any manner interested, either <br /> directly or indirectly, in his own name or the name of any other <br /> person, association, trust or corporation, in such contract. The <br /> -19- <br />
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