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87-35 AUTHORIZING THE ISSUANCE OF ...HOSPITAL FACILITY REFUNDING REVENUE BONDS, SERIES 1987
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87-35 AUTHORIZING THE ISSUANCE OF ...HOSPITAL FACILITY REFUNDING REVENUE BONDS, SERIES 1987
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8/26/2016 11:59:42 AM
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Resolution/Ordinance
Res Ord Num
87-35
Res Ord Title
AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $30,000,000 HOSPITAL FACILITY REFUNDING REVENUE BONDS, SERIES 1987...
Approved Date
3/30/1987
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( 3) A Bond Trust Indenture dated as of March 1, <br /> 1987 ( the "Hond Indenture" ) , between the Municipality <br /> and the American National Bank and Trust Company of <br /> Chicago, as bond trustee ( the "Bond Trustee" ) , pursuant <br /> to which the Municipality will issue the Bonds; � <br /> �, <br /> ( 4) An Arbitrage Regulations Agreement dated as <br /> of March 1, 1987 , among the Municipality, the Hospital <br /> and the Bond Trustee (the "Arbitrage Agreement" ) , <br /> providing for the rebate of certain investment earnings <br /> .Y <br /> Y <br /> on the Bonds to the United States government; <br /> ( 5) An Official Statement dated on or about April <br /> 9, 1987 , to be used in connection with the sale of the <br /> eonds (the "Official Statement" ) ; and <br /> (6) A Purchase Contract to be dated on or about � <br /> April 9, 1987, among the Municipality, the Hospital and <br /> the Underwriter ( the "Purchase Contract" ) . <br /> NOW, THEREFORE, HE IT ORDAINED by the Council of the <br /> City of Decatur, Macon County, Illinois, as follows: <br /> Section 1�. That the Municipality is a home rule unit <br /> under the provisions of the 1970 Constitution of Illinois, and as <br /> a home rule unit may, under the powers granted by Section 6(a) of <br /> Article VII thereof, "exercise any power and perform any function , <br /> pertaining to its government and affairs. " That this ordinance <br /> is adopted pursuant to the Municipality's home rule powers and in <br /> accordance with the Enabling Ordinance, any provisions contained <br /> .� <br /> in the Illinois Municipal Code to the contrary notwithstanding. <br /> -4- <br />
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