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1 .1� v mP�i�� <br /> J� f <br /> i <br /> of the State of Illinois in issuing its full faith and credit <br /> bonds payable f rom ad valorem property tax receipts without prior <br /> referendum approval, to exist or to be done precedent to and in <br /> the issuance of this bond, have existed and have been properly <br /> done, happened and been performed in regular and due form and <br /> time as required by law; that the indebtedness of said City, <br /> represented by this bond and the issue of which it forms a part, , <br /> and including all other indebtedness of said City, howsoever evi- <br /> denced and incurred does not exceed any constitutional or statu- II <br /> tory limitation, and that provision has been made for the collec- <br /> tion of a direct annual tax, in addition to all other taxes, on <br /> aIl of the taxable property in said City, sufficient to pay the <br /> interest hereon as the same falls due and also to pay and dis- <br /> charge the principal hereof at maturity. <br /> This bond is sub,ject to registration as to principal <br /> in the name of the holder on the books of the City Treasurer, <br /> such registration to be evidenced by notation of such City <br /> Treasurer on the back hereof, and after such registration no <br /> transfer hereof, except upon such books and similarly noted <br /> hereon, shall be valid unless the last registration shall have <br /> been to bearer. Registration hereof shall not affect the nego- <br /> tiability of the coupons hereto attached which shall continue <br /> negotiable by delivery merely, notwithstanding registration <br /> hereof. <br /> IN WITNESS WHEREOF, said City of Decatur, Macon County, <br /> Illinois, by its Council, has caused its corporate seal to be <br /> -10- <br />