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84-88 PROVIDING FOR THE FINANCING BY THE CITY OF DECATUR OF AN ECONOMIC DEVELOPMENT PROJECT (CONTINENTAL CARBONIC PRODUCTS, INC.)
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84-88 PROVIDING FOR THE FINANCING BY THE CITY OF DECATUR OF AN ECONOMIC DEVELOPMENT PROJECT (CONTINENTAL CARBONIC PRODUCTS, INC.)
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8/30/2016 9:58:03 AM
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8/30/2016 9:58:01 AM
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Resolution/Ordinance
Res Ord Num
84-88
Res Ord Title
PROVIDING FOR THE FINANCING BY THE CITY OF DECATUR, ILLINOIS OF AN ECONOMIC DEVELOPMENT PROJECT IN ORDER THAT CONTINENTAL CARBONIC PRODUCTS, INC. MAY BE PROVIDED WITH FACILITIES TO ENCOURAGE DEVELOPMENT OF THE MUNICIPALITY...
Approved Date
12/17/1984
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of the Trustee under the Indenture; and in pursuance <br /> hereof the Borrower has covenanted to cause to be <br /> delivered to the Trustee certain opinions of counsel, <br /> all as set forth in the Agreement. <br /> (e) Inspection of Project Books. Al1 books and documents <br /> in the Issuer' s possession relating to the Project or <br /> to the Pledged Receipts shall at all reasonable times <br /> be open to inspection by such employees, accountants <br /> or other agents of the Trustee as the Trustee may from <br /> time to time �esignate. <br /> (f) Maintenance of Agreement. The Issuer shall do all <br /> things and take all actions on its part necessary to <br /> comply with the obligations, duties and <br /> responsibilities on the part of the Issuer under the <br /> Agreement, and will take all actions within its <br /> authority to maintain the Agreement in effect in <br /> accordance with the terms thereof and to enforce and <br /> protect the rights of the Issuer thereunder, including <br /> actions at law and in equity, as may be appropriate. <br /> (g) List of Bondholders. The Issuer shall arrange to have <br /> kept on file by the Trustee at its corporate trust <br /> office a list of names and addresses of Bondholders. <br /> Neither the Issuer nor the Trustee shall be under any <br /> responsibility with regard to the accuracy of such <br /> list. At reasonable times and under reasonable <br /> regulations established by the Trustee, such list may <br /> be inspected ar_d copied by the Borrower, or by the <br /> holders (or a desiqnated representative thereof) of <br /> the Bond then outstanding, such holding and the <br /> authority of any such designated repre,sentative to be <br /> evidenced to the satisfaction of the Trustee. <br /> (h} P,ights under AqrePmen�. The Trustee, in its na.me or <br /> in the name of the Issuer, may, for and on behalf of <br /> the Bondholder, enforce all rights of the Issuer and <br /> all obligations of the Borrower under and pursuant to <br /> the Agreement, whether or not the Issuer is in default <br /> of the pursuit or enforcement of such rights and <br /> obligations. <br /> (i) Arbitrage Provisions. The Issuer will restrict the <br /> use of the proceeds of the Bond in such manner and to <br /> such extent, if any, as may be necessary, after taking <br /> into account reasonable expectations at the time the <br /> Bond is delivered to the Uriginal Purchaser, so that <br /> it wi�l not cor.stitute "arbitrage bonds" under <br /> Section 103 (cl of rhe Code and the applicable <br /> requlations �rescribe3 under that section. The <br /> Executive or any other officer having respor.sibility <br /> with respect to the issuar_ce of the Bond is authorized <br /> ar.d directed, alone or in conjunction with any of the <br /> 18 <br />
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