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87-137 PROVIDING FOR THE ISSUANCE OF CORPORATE PURPOSE BONDS, SERIES 1987
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87-137 PROVIDING FOR THE ISSUANCE OF CORPORATE PURPOSE BONDS, SERIES 1987
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Last modified
8/25/2016 3:27:36 PM
Creation date
8/25/2016 3:27:34 PM
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Resolution/Ordinance
Res Ord Num
87-137
Res Ord Title
PROVIDING FOR THE ISSUANCE OF $2,000,000 CORPORATE PURPOSE BONDS, SERIES 1987, OF THE CITY OF DECATUR...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
12/7/1987
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� � , <br /> . . <br /> NOW THEREFORE Be It Ordained by the Council of the City <br /> of Decatur , Macon County, Illinois, in the exercise of its home <br /> rule powers, as follows: <br /> Section 1. Definitions <br /> In addition to such other words and terms used and <br /> defined in this Ordinance, the following words and terms used in <br /> this Ordinance shall have the following meanings, unless, in <br /> either case, the context or use clearly indicates another or dif- <br /> ferent meaning is intended: <br /> "Bond" or "Bonds" means one or more, as applicable, of <br /> the $2,000, 000 Corporate Purpose Bonds, Series 1987, authorized <br /> to be issued by this Ordinance. <br /> "Bond Register" means th� books ke�t by the City as the <br /> Bond Registrar to evidence the registration and transfer of the <br /> Bonds. <br /> "Bond Registrar" means the City Treasurer of the City, <br /> or a successor thereto or a successor designated as bond <br /> registrar hereunder . <br /> "City" means the City of Decatur, Macon County, <br /> Illinois. <br /> "Code" means the Internal Revenue Code of 1986, as <br /> amended. <br /> "Council" means the Council of the City. <br /> "Debt Service Fund" means the Debt Service Fund estab- <br /> lished and defined in Section 11 of this Ordinance. <br /> -3- <br />
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