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between the City and Merrill Lynch Capital Markets, Merrill <br /> Lynch, Pierce , Fenner & Smith Incorporated, as Remarketing Agent <br /> ( the "Remarxeting Agent" ) , which Remarketing Agreement provides <br /> for the remarketing of the Bonds from time to time on the <br /> Repurchase Dates of the Bonds , as defined in the In�enture; and, <br /> WHEREAS, it is necessary in connection with the offer and <br /> sale of the Bonds that a Preliminary Official Statement and final <br /> Official Statement be approved; <br /> NOW, THEREFORE, BE IT AND IT IS HEREBY ORDAINED by the <br /> Council of the City of Decatur, Illinois , as follows : <br /> Section l. Authorization of and Security for the Bonds . The <br /> City Council of the City hereby approves the Bonds and the <br /> issuance of the Bonds to finance the Project , and the City is <br /> hereby authorized to issue and sell the Bonds as provided in the <br /> Indenture, for the purpose of providing funds to pay all or a <br /> portion of the cost of the Project and costs of issuing the bonds <br /> and other costs constituting a portion of the Co�t of the Project <br /> ( as defined in the Indenture) . <br /> The Bonds shall be issued under authority of and in full <br /> compliance with and shall be subject to redemption and other <br /> terms and conditions , shall be payable at such place or places , <br /> shall be issued in such manner, and shall be subject to such <br /> provisions , convenants and agreements as are specified in the <br /> Indenture, as executed. <br /> The Bonds will not in any respect be a general obligation of <br /> the City, but will be limited obligations of the City, payable <br />