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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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8/30/2016 4:39:59 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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' I Proof No. 6-9-28-83—(4246) La Salle St.Press-527-308U—(Pat. No.3,136,248) <br /> The Series 1983 Bonds, and the interest payable thereon, will not constitute general obligations <br /> � of the City or a charge against the general credit or taxing powers of the City. No Bondholder shall <br /> have the right to demand payment of the principal of or premium, if any, or interest on any Bonds <br /> from any funds of the City raised by taxation or otherwise. <br /> DESCRIPTION OF THE SERIES 1983 BONDS <br /> The Series 1983 Bonds will be dated as of October 1, 1983. Interest on the Series 1983 Bonds <br /> will be payable on April 1 and October 1 of each year commencing April 1, 1984. Each Series 1983 <br /> Bond will bear interest from the interest payment date next preceding the date of registration and <br /> authentication thereof unless it is registered and authenticated as of an interest payment date, in <br /> which event it will bear interest from such date, or unless it is registered and authenticated prior to <br /> the first interest payment date, in which event it will beaz interest from its date, or unless, as shown <br /> by the records of the Bond Trustee, interest on the Series 1983 Bonds is in default, in which event <br /> it will bear interest from the date to which interest has been paid in full,or unless no interest shall have <br /> been paid on the Series 1983 Bonds, in which event it will bear interest from its date. The Series <br /> 1983 Bonds will bear interest at the rates per year and will mature on October 1 of each year in <br /> the years and in the principal amounts shown on the cover page of this Off cial Statement. The prin- <br /> cipal of the Series 1983 Bonds and the premium, if any, payable upon redemption, are payable at the <br /> principal o�ce of the Bond Trustee in the City of Chicago, Illinois. Interest payments on the Series <br /> 1983 Bonds will be made to the registered owner by check or draft mailed to such owner at his ad- <br /> dress as it appears on the registration books of the Bond Trustee or at such other address as is <br /> furnished to the Bond Trustee, as Bond Registrar, by such owner in writing. <br /> . Registration <br /> The Series 1983 Bonds,will be issued as fully rea stered bonds without coupons in denominations <br /> of $5,000 or any integral multiple thereof. The Series 1983 Bonds are transferrable by the registered <br /> holder thereof or by his attorney duly authorized in writing upon presentation thereof at the office <br /> of the Bond Trustee as Bond Registrar. The Bond Trustee ma}� require payment of a sum suff cient <br /> to cover any tax or other governmental charge in connection with any exchange or transfer of any <br /> Series 1983 Bond. <br /> Redemption <br /> The Series 1983 Bonds are subject to mandatory, opiional and extraordinary redemption, all as <br /> described below. No redemption of less than all of the Bonds of a particular series at the time out- <br /> standing shall be made unless the aggregate principal amount of the Bonds of such series to be re- <br /> deemed is equal to or more than $100,000. The method of selecting Series 1983 Bonds by lot shall be <br /> determined by the Bond Trustee. Any redemption made as described below under the captions "Op- <br /> tional Redemption" and "Extraordinary Redemption" shall not excuse the obligation of the Corpora- <br /> tion to make deposits into the Bond Sinking Fund to pay or redeem the outstanding Series 1983 Bonds <br /> on their regularly scheduled payment and redemption dates; provided that the Corporation shall not <br /> be required to make such deposits with respect to any particular serial maturity of the Series 1983 <br /> : Bonds to the extent that Series 1983 Bonds of such maturity have been redeemed pursuant to the <br /> � provisions described below under the caption "Extraordinary Redemption in Whole or in Part." <br /> r <br /> � Mandatory Redemption T�ithout Premium �p <br /> � � <br /> � The $ , , � Series 1983 Bonds maturing October 1, 2 aze subject tv mandatory redemp- <br /> lO��yO�00Q <br /> tion by lot, on October 1, 199 and on each October 1 thereafter until and'including October 1, <br /> `�G�ps+sl•te•�• �/ <br />' 8 <br />
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