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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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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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obligation alleged in said notice not to have been performed or <br /> observed, in the name and stead of the Issuer with full power to <br /> do any and all things and acts to the same extent that the Issuer <br /> could do in order to remedy such default. <br /> SALE OF THE BONDS; EXECUTION OF BOND PURCHASE AGREEMENT <br /> Section 12. The sale of the Bonds (the execution and <br /> issuance of which is authorized pursuant to Section 3 hereof) to <br /> the Purchaser at a price equal to the aggregate principal sum <br /> thereof and payment therefor pursuant to the Bond Purchase <br /> Agreement is hereby in all respects authorized, approved and <br /> confirmed. The Bond Purchase Agreement in substantially the form <br /> which has been presented to this City Council is hereby approved. <br /> The Mayor is hereby authorized and directed to execute <br /> the Bond Purchase Agreement for and on behalf of the Issuer, and <br /> the City Clerk is hereby authorized to attest the same and to <br /> affix thereto the corporate seal of the Issuer, including with <br /> such changes therein as the officers of the Issuer executing it <br /> shall approve, their approval thereof being conclusive of the <br /> Issuer ' s approval of any such changes therein from the form <br /> thereof now before the City Council. <br /> PERFORMANCE PROVISIONS <br /> Section 13. The Mayor and City Clerk, for and on be- <br /> half of the Issuer be, and each of them hereby is , authorized and <br /> directed to do any and all things necessary to effect the <br /> performance of all obligations of the Issuer under and pursuant <br /> to this Bond Ordinance, the execution and delivery of the Bonds <br /> -33- <br />� <br />
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