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83-111 AUTHORIZING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS (EXECUTIVE DEVELOPMENT CO. PROJECT)
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83-111 AUTHORIZING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS (EXECUTIVE DEVELOPMENT CO. PROJECT)
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8/30/2016 3:10:12 PM
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Resolution/Ordinance
Res Ord Num
83-111
Res Ord Title
AUTHORIZING THE ISSUANCE OF CITY OF DECATUR, ILLINOIS INDUSTRIAL DEVELOPMENT REVENU BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF $1,700,000.00 (EXECUTIVE DEVELOPMENT CO. PROJECT)
Approved Date
12/19/1983
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12/15/83 � <br /> SALE OF THE BONDS: EXECUTION OF DOCUMENTS <br /> Section 5. (a) The sale to the Bond Purchaser of the <br /> Bonds pursuant to the terms and provisions of the Commitment is <br /> hereby approved bv this City Council. <br /> (b) The Agreement, the In�enture, and the provisions <br /> of the Commitment in substantially the form in which the same <br /> have been presented to this City Council and which are now on <br /> file in the official records of the Issuer are hereby <br /> authorized and approve3. The Mayor is hereby authorizied and , <br /> 3irected to execute and �eliver the Agreement an� the , <br /> Indenture, toqether with the Bonds for and on behalf of the ' <br /> Issuer , and the City Clerk is hereby authorize� to attest the <br /> same and to affix thereto the corporate seal of the Issuer. <br /> APPOINTMENT OF TRUSTEE <br /> Section 6. The appointment of The Citizens Trust <br /> Company, S�ieboygan, Wisconsin, un�er the Indenture is hereby <br /> authorized, approved and confirmed. <br /> PERFORMANCE PROVISIONS <br /> Section 7. The Mayor and the City Clerk for and on <br /> behalf of the Issuer are hereby authorized and �irecte� to �o <br /> any and all things necessary to effect the performance of all <br /> obliaations of the Issuer under an� pursuant to this Ordinance, <br /> the making of the Loan described in the Agreement, the <br /> execution and �elivery of the Bon�s an� the performance of all <br /> other acts of whatever nature necessary or convenient to effect <br /> and carry out the authority conferred by this Or�inance. The <br /> Mayor and the City Clerk are hereby further authorized and <br /> 3irected for and on behalf of the Issuer to execute and �eliver <br /> the Agreement, the Indenture an� the Bon3s in the form in which <br /> the same have been presented to this City Council (or with such <br /> insertions or corrections thereto as shall be ma3e by the <br /> approving bond attorney for the issuance of the Bonds and are <br /> acceptable to the Mayor and City Clerk , their execution thereof <br /> to constitute conclusive evi�ence of their approval of any such <br /> insertions or corrections) . The Mayor and the City Clerk are <br /> hereby further authorize3 to execute and 3eliver all papers , <br /> 3ocuments , certificates and other instruments that may be <br /> require� or convenient to carry out the authority conferred by <br /> this Ordinance or to evidence sai� authority and to exercise <br /> an3 otherwise take all necessary action to the fullest <br /> realization of the rights , accomplishments and purposes of the <br /> -5- <br />
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