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<br /> � $17,560,000
<br /> City of Deca.tur
<br /> Macon County, Illiriois
<br /> Hospital Fazility Refunding Revenue Bonds, Series 1983
<br /> (Decatur Memorial Hospital)
<br /> PURCHASE CONTRACT
<br /> October 6, 1983
<br /> Crrr oF D�ca�rvf►
<br /> One Civic Center Plaza
<br /> Decatur,Illinois 62523
<br /> Gentlemen:
<br /> We, as Manager (herein called the "Manager"), acting for and on behalf of ourselves and the
<br /> dealers named in the list attached hereto marked "Exhibit I," as said list of dealers may from time to
<br /> :� time be changed by us at or prior to the Closing hereinafter mentioned (we and such dealers being
<br /> herein collectively called the "Underwriters"), 1►ereby offer to enter into this Purchase Contract with
<br /> you (the "City") for the purchase by the Underwriters and sale by the City of your Hospital Facility
<br /> � Refunding Revenue Bonds specified below. This offer is made subject to acceptance by the City and
<br /> approval by the Board of Directors of Decatur Memorial Hospital, a not for profit corporation or-
<br /> ganized and existing under the laws of the State of Illinois (the "Corporation")' prior to 1`?:59
<br /> o'clock, P.M., Chicago, Illinois time, on the date hereof, and upon such acceptance, this Purchase
<br /> Contract shall be in full force and effect in accardance with its terms and shall be binding upon
<br /> both the City and the Unden�vriters.
<br /> 1. Upon the terms and conditions and upon the basis of the representations herein set forth,
<br /> the Underwriters, severally and joindy, hereby agree to purchase from the City, and the City hereby
<br /> agrees to sell to the Underwriters all (but not less than all) of the $17,560,000 aggregate principal
<br /> amount of the City of Decatur, Macon County, Illinois, Hospital Facility Refunding Revenue Bonds,
<br /> Series 1983 (Decatur Memorial Hospital), to be dated October 1, 1983 (the "Bonds") (the Bonds are
<br /> more fully described in the Off cial Statement hereinafter mentioned), at an aggregate purchase price
<br /> of $17,059,014.20, plus accrued interest on the Bonds from October 1, 1983 to the date of Closing re-
<br /> ferred to in Section 5 hereof. The Bonds shall be described in, and shall be issued and secured under
<br /> and pursuant to a Bond Trust Indenture, dated as of October 1, 1983 (the "Bond Indenture"), be-
<br /> tween the City and American National Bank and Trust Company of Chicago, Chicago, Illinois, as
<br /> Trustee (the "Bond Trustee"), substantially in the form heretofore delivered to us, with only such
<br /> changes therein as shall be mutually agreed upon between us. The Underwriters agree to make a
<br /> public offering of the Bonds at the initial offering prices set forth in the Official Statement, which
<br /> prices shall not exceed par; however, the Underwriters reserve the right to make concessions to
<br /> ' dealers and to change such initial offering prices as the Underwriters shall deem necessary in con-
<br /> nection with the marketing of the Bonds.
<br /> i2. The Underwriters have designated Smith Barney, Harris Upham & Co. Incorporated to act
<br /> as their manager, and the Manager hereby represents that it has been authorized to execute this
<br /> Purchase Contract and to perform such other functions as are herein set forth for and on behalf
<br /> of the Underwriters.
<br />
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