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83-78 RATIFYING AND APPROVING THE EXECUTION OF A PURCHASE CONTRACT AMONG THE CITY OF DECATUR, MACON COUNTY, ILLINOIS, DECATUR MEMORIAL HOSPITAL AND SMITH BARNEY, HARRIS UPHAM & CO. INC. AND OTHER UNDERWRITERS
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83-78 RATIFYING AND APPROVING THE EXECUTION OF A PURCHASE CONTRACT AMONG THE CITY OF DECATUR, MACON COUNTY, ILLINOIS, DECATUR MEMORIAL HOSPITAL AND SMITH BARNEY, HARRIS UPHAM & CO. INC. AND OTHER UNDERWRITERS
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8/30/2016 4:40:06 PM
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Resolution/Ordinance
Res Ord Num
83-78
Res Ord Title
RATIFYING AND APPROVING THE EXECUTION OF A PURCHASE CONTRACT AMONG THE CITY OF DECATUR, MACON COUNTY, ILLINOIS, DECATUR MEMORIAL HOSPITAL AND SMITH BARNEY, HARRIS UPHAM & CO. INCORPORATED AND OTHER UNDERWRITERS DATED AS OF OCTOBER 6, 1983...
Approved Date
10/17/1983
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the transactions contemplated by the Loan Agreement, the Master Indenture, the O�cial <br /> • Statement and this Purchase Contract; <br /> (10) two copies, certified by the Secretary of State to be true and correct copies, of the <br /> Articles of Incorporation of the Corporarion; <br /> (11) two copies of the Note; <br /> (12) two copies, certified by the Secretary of the Corporation to be true and correct <br /> copies, of the by-laws of the Corporation; <br /> (13) a copy of a survey and a copy of a title insurance policy or an appropriate com- <br /> mitment insuring the site of the Corporation's Facilities, satisfactory in both form and sub- <br /> stance to Bond Counsel; <br /> (14) a letter of Peat, Marwick, Mitchell & Co., dated the date of Closing, to the effect <br /> that such accountants rea�rm, as of the date of Closing and as though made at the date of <br /> Closing, the statements made in the letter furnished by such accountants pursuant to Section <br /> 4(b) hereof, except that the specified procedures referred to in such letter will be to a date <br /> not more than five days prior to the date of Closing, and their consent to include their opinion <br /> on the audited financial statements of the Corporation dated November 4, 1982 in Appen- <br /> dix A to the O$'icial Statement; <br /> (15) evidence to the effect that all property of the Corporation theretofore mortgaged, <br /> pledged or assigned to the City, or to the Trustee under the Second Supplemental Inden- <br /> ture, has been released from such mortoage, pledge or assignment and that the notes of the <br /> _ Corporation secured by such mortgage, pledge or assignment have been cancelled; <br /> (16) evidence to the effect that the insurance required by the Loan Agreement and Mas- <br /> ter Indenture is in effect; <br /> - (17) such additional ]egal opinions,. certificates, proceedings, instruments and other <br /> documents as the Manager or Bond Counsel may reasonably request, including approval of <br /> , the Enabling Ordinance and the Ordinances by the City to evidence compliance by the <br /> City with this Purchase Contract, legal requirements, the performance or satisfaction by <br /> you and the Corporation at or prior to such time of all agreements then to be performed and <br /> all conditions then to be satisfied by you and the Corporation. <br /> If the City shall be unable to satisfy the conditions to the Underwriters' obligations in this Pur- <br /> chase Contract or if the Underwriters' obligations shall be terminated for any reason permitted <br /> by this Purchase Contract, this Purchase Contract shall terminate and neither the Underwriters nor the <br /> City shall have any further obligation hereunder, except that you shall immediately return the check <br /> to us as provided in Section 3. <br /> 8. After the date of this Purchase Contract, the City will (a) not adopt any amendment of or <br /> supplement to the O�cial Statement to which, after having been furnished with a copy, we shall ob- <br /> ject in writing or which shall be disapproved by counsel for the Underwriters and (b) if any event <br /> relating to or affecting the City shall occur, or if the City is notified that an event affecting the Cor- <br /> poration has occurred, as a result of which it is necessary, in the opinion of counsel for the Under- <br /> writers, to amend or supplement the Official Statement to make the O$'icial Statement not misleading in <br /> the light of the circumstances existing at the time it is delivered to a purchaser, forthwith prepare <br /> and furnish to the Underwriters (at the expense of the Corporation for 90 days from the date of <br /> Closing, and thereafter printing and delivery costs to be at the expense of the Underwriters) a rea- <br /> sonable number of copies of an amendment of or supplement to the Off cial Statement (in form <br /> and substance satisfactory to counsel for the Underwriters) that will amend or supplement the <br /> Official Statement so that it will not contain an untrue statement of a material fact or omit to state <br /> ' a material fact necessary to make the statements therein, in the light of the circumstances existing <br /> at the time the O�cial Statement is delivered to a purchaser, not misleading. For the purpose of this <br /> Section the City will furnish such information with respect to itself as we may from time to time rea- - <br /> sonably request. <br /> 10 <br />
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