83-48 AUTHORIZING THE ISSUANCE OF HOSPITAL FACILITY REFUNDING REVENUE BONDS, SERIES 1983

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, �.� ef: the acquisition and construction of improvements to the hospital facility of Decatur i�emorial Hospital, an Illinois not for profit corporation (the "Hospital" ) and in connection therewith has hereto- fore executed a Mortgage and Security Agreement dated as of June 1, 1977 with the Hospital and a Trust Indenture dated as of June 1, 1977 with The Citizens National Bank of Decatur, as Trustee (the "Trustee" ) and the Municipality has also issued its Hospital Facility Revenue Bonds, Series 1981 (Decatur Memorial Hospital Pro�ect ) , dated June 1, 1981 in the original principal amount of $11,915,000 (the "Series 1981 Bonds") in order to Pinance the further acquisition and construction of improvements to the hospital facility owned by the Hospital; and WHEREAS, the Municipality and the Hospital have deter- mined that it is in the best interests of both parties that the Series 1977 Bonds and the Series 1981 Bonds be refunded (the "Refund- ing") in order to achieve interest cost savings and to relieve the parties of certain covenants contained in the proceedings pursuant to which the Series 1977 Bonds and the Series 1981 Bonds were issued and the Municipality is willing to issue its Hospital Facility Refunding Revenue Bonds to pay the costs of the Refunding; and WHEREAS, in order to provide for the payment of such Refunding costs , it is necessary and in the interest of the Munici- pality to authorize the issuance of not to exceed $22,500,000 Hospital Facility Refunding Revenue Bonds, Series 1983 (Decatur Menorial Hospital ) , dated July 1 , 1983 (the "Bonds" ) pursuant to the Enabling Ordinance, and the same is a matter pertaining to the government and af Pairs of the Municipality; and -2-