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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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� ����r '� <br /> '-'�� <br /> Section 1 .05. Escrow Account - "the trust fund created <br /> under the terms of this Agreement with the Escrow Agent and <br /> comprised of the Government Securities and a certain beginning <br /> deposit as more fully stated in Section 2.02 hereof. " <br /> Section 1. 06. Escrow Agent - "LaSalle National Bank, <br /> Chicago, Illinois, a national banking association organized and <br /> operating under the laws of the United States of America with <br /> principal offices located in the City of Chicago, Illinois, not <br /> individually but in the capacity for the uses and purposes <br /> hereinafter mentioned, or any successor thereto. " <br /> Section 1 .07. Escrow SLG' s - "United States Treasury <br /> Certificates of Indebtedness, Notes and/or Bonds, State and <br /> Local Government Series, purchased with Bond proceeds, and deposited <br /> hereunder." <br /> Section 1 .08. Government Securities - "the Escrow SLG' s." <br /> Section 1 .Og. Municipality - "the City of Decatur, <br /> Macon County, Illinois. " <br /> Section 1. 10. Paying Agent - "the paying agent on the <br /> Prior Bonds, namely: The First National Bank of Chicago, Chicago, <br /> Illinois ." <br /> Section 1. 11. Prior Bonds - "the following des- <br /> cribed bonds of the Municipality from time to time outstanding: <br /> EA2 <br />
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