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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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Last modified
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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_ /p�j r�;�,... <br /> . ' � `'rs a'�",3"'. <br /> �s::�,t� <br /> ' ESCROW AGREEMENT <br /> This Escrow Agreement dated as of June 15, 1983 , but <br /> actually executed on the date witnessed hereinbelow, by and between <br /> the City of Decatur, Macon County, Illinois , and the LaSalle <br /> National Bank, Chicago, Illinois, a national banking association <br /> organized and operating under the laws of the United States of <br /> America, with principal offices located in the City of Chicago, <br /> Illinois , not individually but in the capacity as hereinafter <br /> described, for and in consideration of mutual promises contined <br /> herein: <br /> W I T N E S S E T H <br /> Article 1 . DEFINITIONS <br /> The following words and terms used in this Agreement <br /> shall have the following meanings unless the context or use <br /> clearly indicates another or different meaning: <br /> Section 1.01 . Agreement - "this Escrow Agreement dated <br /> as of June 15, 1983. " <br /> Section 1. 02. Bonds - "$12,760, 000 principal amount of <br /> General Obligation Refunding Bonds, Series 1983 , of the Municipality, <br /> the proceeds of which are to be used for the refunding of the <br /> Prior Bonds. " <br /> Section 1 . 03. Bond Ordinance - "Ordinance No. , <br /> passed June 20, 1983, by the Corporate Authorities authorizing <br /> the Bonds . " <br /> Section 1. 04. Corporate Authorities - "the Council <br /> which is the governing body of the Municipality. " <br /> EAl <br />
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