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86-93 AUTHORIZING THE EXECUTION AND DELIVERY OF A FIRST SUPPLEMENTAL TRUST INDENTURE IN CONNECTION WITH THE OUTSTANDING SINGLE FAMILY MORTGAGE REVENUE BONDS, 1979 SERIES A
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86-93 AUTHORIZING THE EXECUTION AND DELIVERY OF A FIRST SUPPLEMENTAL TRUST INDENTURE IN CONNECTION WITH THE OUTSTANDING SINGLE FAMILY MORTGAGE REVENUE BONDS, 1979 SERIES A
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8/26/2016 3:21:36 PM
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Resolution/Ordinance
Res Ord Num
86-93
Res Ord Title
AUTHORIZING THE EXECUTION AND DELIVERY OF A FIRST SUPPLEMENTAL TRUST INDENTURE IN CONNECTION WITH THE OUTSTANDING SINGLE FAMILY MORTGAGE REVENUE BONDS, 1979 SERIES A OF THE CITY OF DECATUR, MACON COUNTY, ILLINOIS
Approved Date
10/21/1986
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♦_\ • . <br /> FIRST SUPPLEMENTAL TRUST INDENTURE <br /> BE IT KNOWN that the CITY OF DECATUR ( "Issuer" ) , a <br /> political subdivision and a home rule municipality of the State <br /> of Illinois, appearing herein through the Mayor and City Clerk of <br /> the Issuer, duly authorized hereunto, FIRST WISCONSIN TRUST <br /> COMPANY, in the City of Milwaukee, Wisconsin, duly organized and <br /> authorized to accept and execute trusts through the undersigned, <br /> its duly authorized officers, for and on behalf of the holders <br /> and future holders of the bonds described herein (hereinafter <br /> referred to as "Trustee" ) and CONTINENTAL ILLINOIS NATIONAL BANK <br /> AND TRUST COMPANY OF CHICAGO, in the City of Chicago, Illinois, <br /> duly organized and authorized to accept the duties and <br /> obligations of the character herein set out through the <br /> undersigned, its duly authorized officers, for and on behalf of <br /> the holders and future holders of the bonds described herein <br /> (herein referred to as "Custodian" ) , who did declare that they <br /> have made and entered into, and do hereby make, enter into and <br /> effect, a First Supplemental Trust Indenture dated as of October <br /> l, 1986 (herein referred to as this "First Supplemental Inden- <br /> ture" ) under the following terms and conditions . <br /> W I T N E S S E T H: <br /> WHEREAS, pursuant to the Constitution and laws of the <br /> State of Illinois, particularly the enabling ordinance duly adop- <br /> ted by the Issuer on September 5, 1978 and the transactional <br /> ordinance duly adopted by the Issuer on January 8, 1979 (col- <br /> lectively the "Act" ) , and other provisions of applicable law, <br /> Issuer was authorized to carry out the public purposes described <br /> in the Act by issuing its revenue bonds to acquire home mort- <br /> gages, and by pledging payments of such home mortgages as secur- <br /> ity for the payment of the principal of and interest on any such <br /> revenue bonds and by entering into any agreements made in connec- <br /> tion therewith; and <br /> WHEREAS, to provide more adequate residential single- <br /> family housing, Issuer developed a program with respect to the <br /> issuance by Issuer of its Single Family Mortgage Revenue Bonds, <br /> 1979 Series A (the "Bonds" ) and the use of such moneys to <br /> purchase from a certain mortgage lending institution ( the <br /> "Institution" ) certain mortgage loans made to finance residential <br /> facilities ( the "Mortgage Loans" ) , which Mortgage Loans were to <br /> be originated by Institution pursuant to the Sale and Service <br /> Agreement ( the "Agreement" ) by and between Institution and the <br /> Issuer dated as of January 1, 1979; and <br /> WHEREAS, Institution has entered into the Agreement <br /> under which Issuer has purchased the Mortgage Loans from <br /> Institution and Institution is servicing the Mortgage Loans; and <br />
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