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• � � �• y• <br /> J ' <br /> of Decatur, hereafter designated as the Bank, pursuant to which <br /> certain Government Securities and cash shall be deposited with <br /> and be held by said Bank, in trust, for the payment of both <br /> principal of and interest on said outstanding Bonds prior to <br /> their maturity and that the form of such special escrow agreement <br /> be approved and that the Mayor and Clerk of the City be authorized <br /> to execute the same on behalf of the City: <br /> NOW, THEREFORE, Be It Ordained by the Council of the <br /> City of Decatur, P4acon County, Illinois, as follows: <br /> Section 1 . That the City of Decatur, acting by its <br /> Council, hereby elects to anci does hereby exercise its option to <br /> call and redeem prior to their maturity, and on November 1, 1992, <br /> at a price of par and accrued interest to said date, the outstand- <br /> ing and unpaid Motor Vehicle Parking System Revenue Bonds , Series <br /> 1966, of said City and being further described as follows: <br /> $2, 320, 000 Motor Vehicle Parking System Revenue <br /> Bonds, Series 1966, dated November 1, 1966, <br /> bearing interest at the rate of 5-3/4% pe r <br /> annum and maturing on P2ay l, 1996. <br /> Section 2. That the City Treasurer is hereby ordered <br /> and directed to give notice of the redemption and payment of <br /> said Bonds on November 1, 1992, by causing notice of the exercise <br /> by the City of its option to redeem and pay said Bonds prior to <br /> their maturity to be given twice by publication of such notice <br /> once in the Bond Buyer, the same being a financial newspaper <br /> published and of general circulatiQn in the City of New York, New <br /> York, and by registered mail to the holder of each Bond, if known, <br /> the dates of the first such publication and mailing to be not more <br /> -2- <br />