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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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. <br />� „ ( Proof No. 5-9-28-83—(4246) La Salle St.Press-527-3080—(Pa�No.3,136,248) <br /> insurance or condemnarion awards received in connection therewith and applied to make prepayments <br /> on the Series 1983 Master Note pledged under the Bond Indenture exceed $500,000. If called for re- <br /> demption upon the occurrence of the events referred to above, Series 1983 Bonds shall be subject to <br /> redemption by the City at any time, in whole or in part, and if in part, by series and maturities desig- <br /> nated by the Corporation (and, if less than all of a maturity is being redeemed by lot within a ma- <br /> turity in such manner as may be designated by the Bond Trustee) at the principal amount thereof <br /> plus accrued interest to the date fixed for redemption and without premium. <br /> Notice of Redemption <br /> A copy of the notice of the call for redemption of any of the Series 1983 Bonds pursuant to the <br /> above provisions will be mailed to the registered owners of the Series 1983 Bonds to be redeemed <br /> at the address shown on the registration books maintained by the Bond Trustee not less than 30 days <br /> nor more than 60 days prior to the redempiion date;provided,however,that failure to give such notice <br /> by mailing as to any Series 1983 Bondholder, or any defect in the notice, will not affect the validity of <br /> any proceedings for the redemption of any other Series 1983 Bonds for which proper notice has been <br /> given. Interest will not be payable on the Series 1983 Bonds after the redemption date if notice has <br /> been given and if su�cient moneys have been deposited with the Bond Trustee to pay the principal, <br /> applicable redemption premiums, if any, and interest on the Series 1983 Bonds to the redemption date. <br /> ADDITIONAL INDEBTEDNESS <br /> The City may issue Additional Bonds on a parity with the Series 1983 Bonds for the purposes, <br /> upon the terms and subject to the condihons provided in the Bond Indenture. In certain circum- <br /> stances, the Corporation may also issue Additional Master Notes to parties other than the City, which <br /> Additional Master Notes may be equally and ratably secured by the Master Indenture with the <br /> Master Notes pledged under the Bond Indentuze for the benefit of the Bonds. See the subheadings <br /> "Additional Bonds" and "Additional Master Notes" under "Summary of Principal Instruments". In ad- <br /> dition, the Master Indenture permits the Corporation to incur secured and unsecured debt and to <br /> enter into guarantees in addition to the Series A Master Note and Additional Master Notes. See the <br /> subheading "Permitted Indebtedness" under "Summary of Principal Instruments—The Master Inden- <br /> ture" for terms and conditions upon which such indebtedness may be incurred. <br /> F <br /> � <br /> : <br /> 10 <br />
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