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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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9. All expenses and costs of the City incident to the performance of its obligations in connec- <br /> tion �c�ith the authorization, issuance and sale of Bonds to the L'nderwriters, including, without limita- <br /> � tion, the costs of publication of legal notices, the costs of printing of the Bonds, the costs of reproduc- <br /> tion of the Preliminary O�cial Statement, the Official Statement, the fees of consultants and rating <br /> agencies, the initial fee of the Bond Trustee and its counsel in connection with the issuance of the <br /> Bonds, the initial fee of the trustee under the Second Supplemental Indenture and its counsel in con- <br /> nection with the performance of its obligations under the Second Supplemental Indenture, and the <br /> fees and expenses of Bond Counsel, counsel for the City, and counsel for the Corporation shall be <br /> paid from the proceeds of the Bonds or other funds made available by the Corporation to the City. <br /> Such costs shall be paid notwithstanding the failure of the City to deliver the Bonds for any reason. <br /> All out-of-pocket expenses of the Underwriters, including traveling and other expenses, and the fees <br /> and expenses of any counsel employed by them, shall be paid by the Underwriters. <br /> 10. Any notice or other communication to be given to the City under this Purchase Contract <br /> may be given by delivering the same in writing, at your address set forth above, and any such notice <br /> or other communication to be given to the Under�vriters or the Manager may be given by delivering the <br /> same in writing to Smith Barney, Harris Upham & Co. Incorporated, One First National Plaza, Chi- <br /> cago, Illinois 60603, to the attention of Mr. Alexander W. Cook, Senior Vice President. <br /> This Purchase Contract is made solely for the benefit of the City, the Corporation, and the <br /> Unden�vriters (including the successors or assigns of any of the Underwriters) and no other person, <br /> partnership, association or corporation shall acquire or have any right hereunder or by virtue hereof. <br /> All agreements of the City and the Corporation in this Purchase Contract shall remain operative <br /> _ and in full force and effect regardless of any investigation made by or on behalf of any of the Under- <br /> writers and shall survive the delivery of and payment for the Bonds. <br /> The approval of the Underwriters and of the Manager when required hereunder or the deter- <br /> _ mination of their satisfaction with any document referred to herein shall be in writing signed by <br /> Smith Barney, Harris Upham & Co. Incorporated and delivered to you. This'Purchase Contract shall <br /> becorne legally effective upon its acceptance by you, as evidenced by the signature of your Mayor <br /> in the space provided therefor below,"and upon the approval of this Purchase Contract by the Cor- <br /> poration, as evidenced by the signature of the President of the Corporation in the space provided <br /> therefor below. . <br /> SMTTH BARNEY, HARRIS UPHAM �I CO. INCORPORATED <br /> as Manager of the Underwriters including itself <br /> By �.-�" ".�. ,/' �.- ��--� <br /> ACCEPTED: —� Senior Vice President r <br /> CrrY oF DEcw , I ozs , <br /> By <br /> Mayor <br /> A <br /> C r <br /> APPROVED: <br /> DEcnz�vx Mr�oxrai,Hos/ Pr�,-� <br /> I / ../ <br /> . By �� y-„-ti. <br /> esident <br /> Attest: <br /> Secretary <br /> 11 <br />
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