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84-57 PROVIDING FOR THE CALL AND REDEMPTION PRIOR TO THEIR MATURITY OF CERTAIN OUTSTANDING AND UNPAID MOTOR VEHICLE PARKING SYSTEM REVENUE BONDS, SERIES 1966
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84-57 PROVIDING FOR THE CALL AND REDEMPTION PRIOR TO THEIR MATURITY OF CERTAIN OUTSTANDING AND UNPAID MOTOR VEHICLE PARKING SYSTEM REVENUE BONDS, SERIES 1966
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8/30/2016 11:44:39 AM
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8/30/2016 11:44:38 AM
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Resolution/Ordinance
Res Ord Num
84-57
Res Ord Title
PROVIDING FOR THE CALL AND REDEMPTION PRIOR TO THEIR MATURITY OF CERTAIN OUTSTANDING AND UNPAID MOTOR VEHICLE PARKING SYSTEM REVENUE BONDS, SERIES 1966, DATED NOVEMBER 1, 1966, OF THE CITY OF DECATUR, MACON COUNTY, ILLINOIS
Approved Date
9/17/1984
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of this Escrow Agreement shall be paid from funds of the City as <br /> they become due. <br /> After all the bonds and coupons representing interest <br /> becoming due thereon shall have been paid as above provided for <br /> any funds then remaining in said special Escrow Fund shall be <br /> transmitted to the City Treasurer. <br /> That all rights, powers, duties and obligations of the <br /> Bank under the terms of this agreement shall be irrevocable and <br /> not be sub�ect to amendment and shall be binding on any successor <br /> during the term of this agreement and the deposit of the funds ' <br /> in the special deposit herein provided for by the City shall be I <br /> irrevocable and shall not be sub�ect to amendment by the City and <br /> shall be binding on any successor to the officials now comprising <br /> the Council of the City and the officers of the City during the <br /> term of this agreement. <br /> The Bank shall have no duties or responsibilities except <br /> as expressly provided in this agreement and shall neither be <br /> � <br /> obligated to recognize nor have any liability or responsibility <br /> arising under any other agreement to which the Bank is not a <br /> party . In case any property held by the Bank hereunder shall be <br /> attached, garnisheed or levied upon under any order of court, or <br /> the delivery thereof shall be stayed or en�oined by any order of <br /> court, or any other order, �udgment or decree shall be made or <br /> entered by any court affecting such property, or any part thereof, <br /> or any act of the Bank, it is hereby expressly authorized in its <br /> sole discretion to obey and comply with all writs, orders, <br /> -3- <br />
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