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. ti ' , <br /> complete and does incorporate them into this Ordinance by this <br /> reference. <br /> Section 3. Determination To Issue Bonds <br /> It is necessary and in the best interests of the City <br /> to acquire and construct the Project, to pay all related costs <br /> and expenses incidental thereto, and to borrow money and issue <br /> the Bonds for such purposes. It is hereby found and determined <br /> that such borrowing of money is for a proper public purpose or <br /> purposes and is in the public interest, and is authorized by <br /> Article VIZ, Section 6 of the Illinois Constitution and by the <br /> Enabling Ordinance. <br /> Section 4. Bond Details <br /> For the purpose of providing for the payment of the <br /> costs of the Project, and to pay all related costs and expenses <br /> incidental thereto, there shall be issued and sold the Bonds in <br /> the aggregate principal amount of $4,900,000. The Bonds shall <br /> each be designated "Corporate Purpose Bond, Series 1989" ; be <br />� dated December 1, 1989 (the "Dated Date" ) ; and shall also bear <br />'� <br /> the date of authentication thereof. The Bonds shall be in fully <br /> registered form, shall be in denominations of $490,000 (but no <br /> single Bond shall represent principal maturing on more than one <br /> date) , shall be numbered consecutively in such fashion as shall <br /> be determined by the Bond Registrar, and shall become due and <br /> payable serially on January 1 of the years and in the amounts and <br /> bearing interest at the rates percent per annum as follows: <br /> -5- <br />