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ji'�, �� <br /> ,�;,�����`S��'�.�� I <br /> � <br /> ORDINANCE NQ. O 3"- �� <br /> ORDINANCE AUTHORIZING PURCHASE <br /> AGREEMENT AND APPROVING PR.ELIMINARY <br /> OFFICIAL STATFt1ENT GENERAL OBLIGATION <br /> REFUNDING BONDS, SERIES 198� <br /> WHEREAS, there are issued and outstanding certain bonds of <br /> the City designated General Obligation Surface Water Drainage <br /> System Bonds , Series 1982 ; and, <br /> WHEREAS , under the provisions of Ordinance No. 82-22 passed <br /> and approved the 25th day of February, 1982 , such bonds may be <br /> refunded in advance of maturity by the issuance of general <br /> obligation refunding bonds ; and, <br /> WHEREAS , it appears to be in the best interests of the City <br /> that said outstanding bonds be so refunded; and, <br /> WHEREAS, it is the intention of the Council to author_ize <br /> and issue such refunding bonds and to now provide f.or the sale <br /> thereof_ . <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY <br /> OF DECATUR, ILLINOIS : <br /> Section l . That the bond purchase agreement presented to <br /> the Council herewith by Van Kampen Merritt, Inc. , for the <br /> purchase for the amount and upon the terms therein set out of <br /> general obli�ation refunding bonds to be authorized and issued <br /> by the City be, and the sar.ie is hereby, approved. <br /> Section 2. That the Mayor be, ar.d he is hereby, authorized <br /> and directed to accept said agreement on behalf of the City and <br /> to endorse such acceptance thereof. <br /> Section 3. That the preliminary of.f_icial statement <br /> relating to said refunding bonds presented to the Council <br /> herewith be, and the same is hereby, approved. <br /> Section 4. That the Director of Finance be, and he is hereby, <br /> authorized to endorse the same on behalf of the City. <br /> P��ENTED, PASSED, APPROVED AND RECOR.DED this ����� day of <br /> June, 1983. <br /> �-�'/7 <br /> ATTEST: �'C� <br /> YOR <br />