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82-117 PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS, SERIES OF DECEMBER 1982
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82-117 PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS, SERIES OF DECEMBER 1982
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9/14/2016 3:31:39 PM
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9/14/2016 3:31:38 PM
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Resolution/Ordinance
Res Ord Num
82-117
Res Ord Title
PROVIDING FOR BORROWING MONEY & AUTHORIZING THE ISSUANCE OF $2,550,000 GENERAL OBLIGATION BONDS, SERIES OF DECEMBER, 1982, ...& PROVIDING FOR THE LEVY OF TAXES FOR THE PAYMENT OF THE PRINCIPAL OF & INTEREST ON SAID BONDS
Approved Date
12/7/1982
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itself to owe and for value received, promises to pay to bearer <br /> or, if this bond be registered as to principal, then to the <br /> registered owner hereof, the sum of Five Thousand Dollars ($5,000) <br /> on the first day of , 19 , together with interest <br /> thereon from the date hereof until paid at the rate of <br /> percent ( %) per annum (such interest to be <br /> computed on the basis of a 360-day year, consisting of twelve 30-day <br /> months) , payable on July l, 1983 and semiannually thereafter on <br /> the first days of January and July in each year. Interest due on <br /> or prior to maturity is payable only on presentation and surrender <br /> of the interest coupons hereto attached as they severally mature. <br /> Both principal of and interest upon this bond are payable <br /> in lawful money of the United States of America at the principal <br /> office of , in the City of , <br /> For the prompt payment of this bond, both principal and , <br /> interest, as aforesaid, as the same becomes due, and for the levy <br /> of taxes sufficient for that purpose, the full faith, credit and <br /> resources of said City of Decatur are hereby irrevocably pledged. <br /> This bond is one of a series of bonds aggregating the <br /> principal sum of Two Million Five Hundred Fifty Thousand Dollars <br /> ( $2,550,000) , of like date, tenor and effect except as to maturity, <br /> and interest rate. This bond, and the issue of which it forms a <br /> part, are issued for the purpose of paying the cost of renovating <br /> and reconstructing a crossing consisting of the overhead structure <br /> of Garfield Avenue over the tracks of the Illinois Central Gulf <br /> Railroad and the Penn Central Corporation and paying engineering <br /> -6- <br />
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