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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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equity by suit, action, mandamus or other proceeding to enforce <br /> the payment of the principal installments of and interest on the <br /> Bonds and to enforce and compel the performance of the duties and <br /> obligations of the Issuer as herein set forth. The Assignee may <br /> enforce the provisions of this Bond Ordinance and of the Loan <br /> Agreement, the P1ote and the Mortgage without the need to hold, <br /> obtain or present any of the Bonds. <br /> No remedy by the terms of this Bond Ordinance conferred <br /> upon or reserved to the &s�,iglLee, the Purchaser or any other <br /> Bondholders are intended to be exclusive of any other remedy, but <br /> each and every such remedy shall be cumulative and shall be in <br /> addition to any other remedy given to the A�ss-.�gn�e, the Purchaser <br /> or any other Bondholders hereunder or now or hereafter existing <br /> at law or in equity or by statute. <br /> No delay or omission to exercise any right, power or <br /> rem�dy accruing upon any event of default shall impair any such <br /> right, power or remedy or shall be construed to be a waiver of <br /> any such event of default or acquiescence therein; and every such ' <br /> right, power or remedy may be exercised from time to time as <br /> often as may be deemed expedient. <br /> All moneys received pursuant to any right given or <br /> action taken under the provisions of this Section or under the <br /> provisions of Article VII of the Loan Agreement (after payments <br /> of the costs and expenses of the proceedings resulting in the <br /> collection of such moneys and of the expenses, liabilities and <br /> advances incurred or made by the Issuer, the Assigaee , the Pur- <br /> chaser or any other of the registered owners of the Bonds) and <br /> -31- <br />
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