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<br /> - PRELIMZNARY OFFICIAL STATEMI:NT
<br /> NEW ISSUE Moody's Rating: Applied For (See "Rating" herei.n)
<br /> Standard & Poor's Corporation: Applied For
<br /> Outstanding Bonds are Currently Rated "A"
<br /> In the opinion of Bond Counsel, the interest on the Bonds is exempt from
<br /> Federal income taxes under presently existing statutes, regulations and
<br /> decisions. The interest on the Bonds is not exempt from State of Illinois
<br /> income taxes.
<br /> CITY OF DECATQR, ILLINOIS
<br /> $13,300,000*
<br /> General Obligation Refunding Bonds
<br /> Series 2483
<br /> The Bonds will be issued in denominations of $5,000, in coupon form, regis-
<br /> . trable as to principal only, and will be dated , 1983. Interest will be
<br /> payable July 1, 1984 and each subsequent Januarq 1 and Jnly 1. Principal of and
<br /> interest on the Bonds will be payable at the office of a Paying Agent,
<br /> , I2linois.
<br /> THE BOI3US ARE SUBJECT TO REDEMPTION PRIOR TO MATtIRITY ON THE DATES AND AT
<br /> THE REDEMPTION PRICES SHOWN FiEREIN UNDER TIiE HEADING "OPTIONAL REDEMPTION."
<br /> Maturity Coupon Maturity Coupon
<br /> Amount* Jan 1* Rate Amount* Jan 1* � Rate
<br /> $175,000 1986 X $1,065,000 1994 y 'i
<br /> 185,000 1987 x 1 ,145,000 1995 1� I
<br /> 240,000 1988 � 1,240,000 1996 X �
<br /> 215,000 I989 � 1,350,000 1997 z
<br /> 235,000 1990 X 1,450,000 1998 %
<br /> 850,000 1991 X 1 ,575,000 1999 Y
<br /> 920,000 1992 � 1,7I0,000 2000 X
<br /> 985,000 I993 '
<br /> (Price of aIl Bonds: 100X plus accrued interest)
<br /> The Bonds are direct general obligations of the City whose full faith and
<br /> credit is pledged for the punctual payment of principal and interest. Prior to
<br /> the issuance of Bonds, taxes will be levied upon alI taxable property in the
<br /> City sufficient to pay the principal of and interest on the Bonds. The tax
<br /> levies for the Bonds shall be for the sole benefit of the Bondholders, and the
<br /> Bondholders shall have a claim against the respective Zevies until the principal
<br /> of and interest on the Bonds are paid in full.
<br /> The Bonds are offered when, as and if issued and received by the Underwrit-
<br /> ers, subject to prior sale, withdrawal or modification of the offer without any
<br /> notice, and ta the unqualified approving legal opinion of the Bonds by Chapman
<br /> and Cutler, Bond Counsel, of Chicago, Illinois. It is anticipated that the
<br /> Bonds, in definitive form, will be available for delivery on or about ,
<br /> 1983. �
<br /> VAN KAMPEN MERRZIT INC.
<br /> The date of this Official Statement is �, 1983.
<br /> S�ect to change
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