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85-96 PROVIDING FOR THE FINANCING BY THE CITY OF DECATUR, ILLINOIS, OF AN INDUSTRIAL PROJECT IN ORDER THAT PERSHING DEVELOPMENT COMPANY MAY BE PROVIDED WITH FACILITIES TO ENCOURAGE DEVELOPMENT
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85-96 PROVIDING FOR THE FINANCING BY THE CITY OF DECATUR, ILLINOIS, OF AN INDUSTRIAL PROJECT IN ORDER THAT PERSHING DEVELOPMENT COMPANY MAY BE PROVIDED WITH FACILITIES TO ENCOURAGE DEVELOPMENT
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Last modified
8/29/2016 11:49:39 AM
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8/29/2016 11:49:36 AM
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Resolution/Ordinance
Res Ord Num
85-96
Res Ord Title
PROVIDING FOR THE FINANCING BY THE CITY OF DECATUR, ILLINOIS, OF AN INDUSTRIAL PROJECT IN ORDER THAT PERSHING DEVELOPMENT COMPANY, MAY BE PROVIDED WITH FACILITIES TO ENCOURAGE DEVELOPMENT OF THE CITY OF DECATUR...
Approved Date
12/23/1985
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�, NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE <br /> CITY OF DECATUR, MACON COUNTY, ILLINOIS, AS FOLLOWS: <br /> DEFINITIONS <br /> Section 1. Certain words and terms as used in this <br /> Bond Ordinance shall have the meanings given them above and <br /> elsewhere herein and the following meanings, unless the context �, <br /> or use indicates another or different meaning or intent: ' <br /> "Acquisition ar.d Construction Fund" means the City of I'i <br /> Decatur, Illinois Acquisition and Construction Fund created by I <br /> Section 5 hereof. <br /> "Assignee" means National Westminster Bank USA, with <br /> its principal office in New York, New York, and its successors <br /> and assigns. <br /> "Assignment" means the Assignment and Agreement dated <br /> as of December 1 , 1985 by and between the Issuer and the <br /> Assignee. <br /> "Bonds" means the $5 ,500 ,000 principal amount <br /> Industrial Project Revenue Bonds (Pershing Development Company <br /> Project) issued under and pursuant to this Bond Ordinance. <br /> "Bond Fund" means the City of Decatur, Illinois Bond <br /> Fund created in Section 7 hereof and designated in the form of <br /> Bond hereinafter set forth. <br /> "Bondholders" means at any time the registered owners <br /> of the Bonds. <br /> "Bond Ordinance" means this ordinance, as supplemented <br /> and amended. <br /> -2- <br />
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