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83-47 AUTHORIZING AND DIRECTING THE EXECUTION OF AN ESCROW AGREEMENT
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83-47 AUTHORIZING AND DIRECTING THE EXECUTION OF AN ESCROW AGREEMENT
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9/14/2016 9:06:51 AM
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9/14/2016 9:06:47 AM
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Resolution/Ordinance
Res Ord Num
83-47
Res Ord Title
AUTHORIZING AND DIRECTING THE EXECUTION OF AN ESCROW AGREEMENT IN CONNECTION WITH THE ISSUE OF $12,760,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 1983, OF THE CITY OF DECATUR, MACON COUNTY, ILLINOIS
Approved Date
6/20/1983
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' --..� <br /> • .�P��,::� <br /> Municipality will rom tl t <br /> A p y pa all Pa in A <br /> Y y g gent s fees and all <br /> of the expenses of the Escrow Agent incurred in giving the <br /> notice of redemption provided for herein as submitted. <br /> Section 4.03. The Municipality will promptly and without <br /> delay supply to the Escrow Agent, within five (5) days after <br /> receipt of its written request , the names and addresses of the <br /> holders of the Prior Bonds registered as to principal upon the <br /> books of registration in the office of the Treasurer of the <br /> Municipality under the provisions of the ordinance authorizing <br /> the Prior Bonds . <br /> Section 4. 04. All payments to be made by, and all <br /> acts and things required to be done by, the Escrow Agent under <br /> , <br /> the terms and provisions hereof shall be made and done by said <br /> Escrow Agent without any f urther direction or authority of the <br /> Municipality or Treasurer. <br /> ARTICLE V. AMENDMENTS, REINVESTMENT OF <br /> FUNDS, IRREVOCABILITY OF AGREEMENT <br /> Section 5 .01 . This Agreement may be amended or supple- <br /> mented, the Government Securities or any portion thereof sold or <br /> redeemed, or invested or reinvested in any manner provided (any <br /> such amendment, supplement, direction to sell or redeem or invest <br /> to be referred to as a "Subsequent Action") , upon submission to <br /> the Escrow Agent of each of the following: <br /> ( 1 ) Certified copy of proceedings of the Corporate <br /> Authorities of the Municipality authorizing the Subsequent Action <br /> EA15 <br />
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