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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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f <br /> (k) The Corporation hereby authorizes the use of the O�cial Statement,including all amend- <br /> ments and supplements thereto, by the Underwriters in connection with the public offering and <br /> � sale of the Bonds and consents to the use by the Underwriters prior to the date hereof of the Pre- <br /> liminary O�cial Statement in connection with the public offering and sale of the Bonds. <br /> (1) Between the date of the Purchase Contract and the delivery of the Bonds and after <br /> the date of delivery of the Bonds, the Corporation will (i) not participate in the issuance of any <br /> amendment of or supplement to the Official Statement to which, after having been furnished with <br /> a copy, you shall object in writing or which shall be disapproved by your counsel and (u) if any <br /> event relating to or affecting the City or the Corporation or its present or proposed facilities shall <br /> occur as a result of which it is necessary, in the opinion of counsel for the Underwriters, to amend <br /> or supplement the O�cial Statement in order to make the Official Statement not misleading in the <br /> light of the circumstances existing at the time it is delivered to a purchaser, forthwith prepaze and <br /> furnish to the Underwriters (at the expense of the Corporarion for 90 days from the date of <br /> Closing, and thereafter at the expense of the Undervvriters) a reasonable number of copies of an <br /> amendment of or supplement to the Official Statement (in form and substance satisfactory to <br /> counsel for the Underwriters) that will amend or supplement the Off cial Statement so that it will <br /> not contain an untrue statement of a material fact or omit to state a material fact that should be <br /> stated therein or is necessary to make the statements therein, in the light of the circumstances <br /> existing at the time the O�cial Statement is delivered to a purchaser, not misleading. For the pur- <br /> poses of this secrion the Corporation will furnish such information with respect to itself and its <br /> present and proposed facilities upon the occurrence of any material event that should be disclosed <br /> in the O�cial Statement or is necessary to make the statements therein not misleading. <br /> ' (m) The Corporation hereby agrees to pay the expenses described in Paragraph 9 of the <br /> Purchase Contract to the extent that the proceeds of the Bonds or the amount of the good <br /> faith deposit referred to in Section 3 of said Purchase Contract is insu�cient or unavailable <br /> - � to pay the same, and, for the period of time set forth herein and in the Purchase Contract, to <br /> pay any expenses incurred in amending or supplementing the O$cial Statement. <br /> (n) The Corporation agrees that in the event the Underwriters fail (other than for a reason <br /> permitted by the Purchase Contract) to accept and pay for the Bonds at Closing, its recourse <br /> against said Underwriters shall be limited to that set forth in Section 3 of the Purchase Contract. <br /> (o) The Corporation agrees to indemnify and hold harmless each of you and each person, <br /> if any, who controls (as such term is defined in Section 15 of the Securities Act of 1933, as <br /> amended) any of you against any and all losses, claims, damages and liabilities (i) arising out of <br /> any statement or information in the Official Statement relating to the Corporation,the 1981 Project <br /> or the Corporation's Facilities that is untrue or incorrect in any material respect or the omission <br /> therefrom of any statement or information that should be stated therein or that is necessary to make <br /> the statements therein relating to the Corporation, the 1981 Project or the Corporation's Facilities <br /> not misleading in any material respect, and (ii) to the extent of the aggregate amount paid in <br /> settlement of any litigation commenced or threatened arising from a claim based upon any such <br /> untrue statement or omission if such settleinent is effected with the written consent of the Cor- <br /> poration. In case any claim shall be made or action brought against any of you or any controlling <br /> person based upon the Official Statement for which indemnity may be sought against the Corpo- <br /> ration, as provided above, you shall promptly notify the Corporation in writing setting forth the <br /> particulars of such claim or action. Failure to so notify the Corporation shall not relieve it from <br /> � any liability that it may have otherwise than on account of this indemnity agreement. The Cor- <br /> poration may participate at its own expense in defense of such action. If it so elects within a <br /> reasonable time after receipt of such notice, the Corporation may assume the defense of such <br /> action with counsel chosen by it and approved by the indemnified parties defended in such action, <br /> ` unless such indemnified parties reasonably object on the ground that there may be legal de- <br /> fenses available to them that are different from or in addition to those available to the Corpora- <br /> tion, in which case the indemnified pazties shall have the right to designate and retain sepazate <br /> III-3 <br />
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