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86-103 AUTHORIZING THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE BONDS (BRETTWOOD VILLAGE ASSOCIATES PROJECT) SERIES A & B
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86-103 AUTHORIZING THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE BONDS (BRETTWOOD VILLAGE ASSOCIATES PROJECT) SERIES A & B
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8/26/2016 2:56:46 PM
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Resolution/Ordinance
Res Ord Num
86-103
Res Ord Title
AUTHORIZING THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE BONDS (BRETTWOOD VILLAGE ASSOCIATES PROJECT) SERIES A & B
Approved Date
12/15/1986
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NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE <br /> CITY OF DECATUR, MACON COUNTY, ILLINOIS AS FOLLOWS: <br /> Section 1. That the City is a home rule unit under the <br /> provisions of the 1970 Constitution of Illinois, and as a home <br /> 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" and that this Ordinance <br /> is adopted pursuant to the City' s home rule powers and in accord <br /> with the Enabling Ordinance, any provisions contained in the <br /> Illinois Municipal Code to the contrary notwithstanding. <br /> Section 2. That the form, terms and provisions of the <br /> Amendment No. 1 to the Loan Agreement presented to this meeting <br /> be, and they hereby are, in all respects authorized and approved, <br /> and that the Mayor and City Clerk of the City be, and they hereby <br /> are, authorized, empowered and directed to execute, seal with the <br /> corporate seal of the City, acknowledge and deliver the Amendment <br /> No. 1 to the Loan Agreement in the name and on behalf of the <br /> City, in substantially the form before this meeting and hereby <br /> approved, or with such changes therein as shall be approved by <br /> said officials of the City executing the same, including witriout <br /> limitation, such changes as shall be necessary to conform to the <br /> terms of the 1986 Bonds hereinafter authorized, their execution <br /> thereof to constitute conclusive evidence of their approval and <br /> the approval of the City of any and all changes or revisions <br /> therein from the form of Amendment No. 1 to the Loan Agreement <br /> -6- <br />
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