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84-86 APPOINTING SUCCESSOR TRUSTEE-INDUSTRIAL REVENUE BONDS, SERIES 1979
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84-86 APPOINTING SUCCESSOR TRUSTEE-INDUSTRIAL REVENUE BONDS, SERIES 1979
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Last modified
8/30/2016 10:01:49 AM
Creation date
8/30/2016 10:01:49 AM
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Resolution/Ordinance
Res Ord Num
84-86
Res Ord Title
APPOINTING SUCCESSOR TRUSTEE-INDUSTRIAL REVENUE BONDS, SERIES 1979 (TOXIGENICS, INC. PROJECT)
Approved Date
12/3/1984
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�� <br /> � � <br /> j'°���' <br /> s,,���+����(J <br /> ORDINANCE N0 . �— �S �o <br /> ORDINANCE APPOINTING SUCCESSOR <br /> TRUSTEE-INDUSTRIAL REVENUE BONDS , <br /> SERIES 1979 (TOXIGENICS , INC . PROJECT) <br /> WHEREAS , the Northern Trust Company is trustee under <br /> the Indenture of Trust dated as of September 1, 1979 , <br /> between it and the City in connection with the issue of <br /> Industrial Revenue Bonds , Series 1979 {Toxigenics , Inc . <br /> Project ) ; and , <br /> WHEREAS , said trust company has given notice of <br /> resignation as trustee ; and, <br /> WHEREAS , a successor trustee must be appointed and no <br /> action in this regard has been taken by the holders of a <br /> majority of the bonds outstanding ; and , <br /> WHEREAS , Norwest Bank, Minneapolis , N.A. , appears <br /> qualified to be successor trustee under the provisions of � <br /> the trust indenture and has indicated it is willing and able <br /> to accept such trust . <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE <br /> CITY Or DECATUR, ILLINOIS: <br /> Section I . That Norwest Bank, Minneapolis , N.A. be , <br /> and it is hereby, appointed Successor-Trustee to The <br /> Northern Trust Company under and pursuant to the provisions <br /> of the Indenture of Trust aforesaid . <br /> Section 2 . That the City Clerk be , and she is hereby, <br /> authorized and directed to cause a certified copy of this <br /> ordinance , along with a memorial of the action by which it <br /> was passed , to be mailed respectively to The Northern Trust <br />
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