83-83 AUTHORIZING THE EXECUTION AND DELIVERY OF A FIRST SUPPLEMENTAL INDENTURE OF TRUST

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( ' • � °'0R. . . . .. . ,... ORDINANCE NO. 83-83 AN ORDINANCE AUTHORIZING THE EXECIITION AND DELIVERY OF A FIRST SUPPLEMENTAL INDENTIIRE OF TRIIST WHICH SUPPLEMENTS AND AMENDS THE INDEN- TIIRE OF TRUST SECURING THE CITY OF DECATUR, � ILLINOIS $3 , 000 ,000 INDUSTRZAL DEVELOPMENT REVENIIE BONDS (SEASON-ALL INDIISTRIES, INC. PROJECT) SERIES A AND THE CITY OF DECATIIR, ILLINOIS $1 , 500 , 000 INDIISTRIAL DEVELOPMENT REVENQE BONDS ( SEASON-ALL INDOSTRIES, INC. PROJECT) SERI�S B ISSIIED PIIRSUANT T� ORDINANCE NO. 78-101 AND RELATED MATTERS. WHEREAS, Pursuant to Ordinance No. 5768 duly adopted by the Council of the City of Decatur,, Macon County, Illinois ( the "Issuer" ) on February 5, 1978, as amended ( the "Enabling Ordi- nance" ) and Ordinance Na. 78-101 duly adopted by the Council cf the Issuer on July 1.7, I978 ( the "Bond Ordinance" ) , the Issuer issued its Industrial .Development Revenue Bonds (Season-All Industries, Inc. Project) Series A in the aqgregate principal amount vf $3,000 ,000 and its Industrial Development Revenue Bonds (Season-Ail Lndustries , Inc. Project) Series B in the aggregate principal amount of $1, 500, 00� ( collectively, the "Bonds" ) ; and WHEREAS, the Bonds were issued under an. Ir.denture o� Trust dated as of June 30, 1978 ( the "Original Indenture" ) between the Issuer and The Millikin. National Bank of Decatur, as trustee ( the "Trustee"} ; anc� W&EREAS, the pr�oceeds of the Bonds were loaned by th� Zssuer ta Season-All Industries, I'nc. ( the "Company" ), pursuan.t to a Loan Agreement dated as of June 30, 1978 ( the "Loan Agreement" ) i between the� Issuer and the Company to provide the Company finan- cin for the acquisition, construction and installation of ce�- g tain industrial facilities ( the "Project" ) which was oF the char- acter and accomplished the purposes of an "economic development project" within the meaning of the Enablinq Ordinance; and WHEREAS, the Company desires to sell the Project in or�er to provide the opportunity for greater utilization of the ' Project than is currently in effect; and WSEREAS, the Company and the Trustee desire to use any Project sales proceeds to provide funds for an earlier redemption of the Honds than is currently available under the Original. Indenture;� and WHEREAS, there is no default existing under the Oriq- inal Indenture; and