84-88 PROVIDING FOR THE FINANCING BY THE CITY OF DECATUR OF AN ECONOMIC DEVELOPMENT PROJECT (CONTINENTAL CARBONIC PRODUCTS, INC.)

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of the Illinois Constitution or the Act or to a section, provision or chapter of the Illinois Revised Statutes shall include such section or provision or chapter as from time to time amended, modified, revised, supplemented or superseded; provided, however, that no such change shall alter the obligation to pay the Bond Service Charges in the amounts and manner, at the times, and from the sources provided in this Bond Legislation and the Indenture, except as othPrwise herein permitted, or shall be deemed applicable by reason of this provision if such change would in any way constitute an impairment of the rights of the Issuer or the Borrower under the Agreement. Unless the context shall otherwise indicate, words imparting the singular number shall include the plural number, and vice versa, any pronoun shall be deemed to cover all genders , and the terms "herein" , "hereof" , "hereby" , "hereto" , "hereunder" , and similar terms, mean this Bond Legislation and the Indenture and not solely the portion hereof in which any such word is used. Section 2. Determinations of Issuing Authority. In order to promote the general welfare of the City of Decatur, Illinois, and its inhabitants by providing for the economic development of the Issuer, reducing the evils attendant upon economic decay, relieving conditions of unemployment, providing for an increased tay base and providing for and promoting the public health, safety, morals and welfare of the Issuer, the Project shall be and is hereby authorized to be financed as described herein. It is hereby found, declared and determined that the financing of the Project and the use thereof by the Borrower as hereinafter provided is necessary to accomplish the public purposes described in the preamble hereto and in the Enabling Ordinance. Section 3. Authorization of Bonds. It is hereby ' determined to be necessary to, and the Issuer shall, issue, sell and deliver, as provided herein, the Bond in the principal amount of $2 ,000 ,000 for the purpose of financing costs of acquiring, constructing and installing the Project, including costs incidental thereto and of the financing thereof, all in accordance with the provisions of the Loan A_qreement and the Bond Purchase Agreement. The Bond shall be designated "Economic Development Revenue Bond (Continental Carbonic Products, Inc. Project) " . Section 4 . Terms of the Bond. The Bond shall be issued onl_y in fully registered form in the denomination of $2, 000, 000 . The Bond shall be initially issued in the name of the Original Purchaser dated as of the date of its initial delivery to the Original Purchaser and in substantially the form set forth therefor in the Indenture. The Bond shall mature on DecPmber 31 , 1994 , subject to amortization and prior redemption. 9