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�. � �� <br /> ���,w <br /> �.��5'�' <br /> �a� <br /> � <br /> � <br /> ORDINANCE NO. 82-116 <br /> ORDINANCE AUTHORIZING ISSUANCE OF INDUSTRIAL DEVELOPMENT <br /> REVENUE BONDS — PPG INDUSTRIES, INC. PROJECT. <br /> WHEREAS, the City of Decatur, Macon County, Illinois <br /> (the "City") , proposes (i) to finance the acquiring, <br /> constructing , improving and equipping of certain improvements <br /> and equipment (the "Project") which Project is more fully <br /> described in the Agreement (as that term is defined below) , <br /> is to be owned by PPG Industries, Inc. , a Pennsylvania <br /> corporation (the "Company") and is located at the Company 's <br /> Mt. Zion primary glass plant which is within two miles <br /> outside of the corporate boundaries of the City, and (ii) to <br /> issue its Industrial Development Revenue Bonds (PPG <br /> Industries, Inc. Project) Series 1982, in the principal <br /> amount of $1,000 ,000 (the "Bonds") , to finance the cost of <br />, the Project, all in accordance with the provisions of <br /> Ordinance No. 5768 passed by the City Council of the City on <br /> nd d b Ordinance <br /> Februar 5, 1973, as su lemented and ame e y <br /> Y PP <br />� No. 70-56 passed by the City Council of the City on December <br /> 22, 1975 and Ordinance no. 79-70 passed by the City Council <br /> of Issuer on May 21 1979 (the "Enabling Ordinance") ; and <br /> R h ' t Council of the Cit finds and <br /> WHE EAS, t e Ci y <br /> Y <br /> determines that in furtherance of the purposes and pursuant <br /> to the provisions of the Enabling Ordinance and in order to <br /> provide for the acquisition, purchase, construction, <br /> reconstruction, improvement, equipping , betterment and <br /> extension of any economic development project within two <br /> miles outside of the City and in the County of Macon and the <br /> State of Illinois, it is necessary and advisable and in the <br /> best interest of the City to proceed with the issuance, sale <br /> and delivery of the Bonds and the loan of the proceeds <br /> thereof to the Company; and <br /> WHEREAS, •the City has arranged for the sale and delivery <br /> of the Bonds to Federated Tax-Free Trust (the "Purchaser") ; <br /> and <br /> WHEREAS, there have been presented to this meeting the <br /> following documents, which the City proposes to enter into: <br /> l. The form of Loan Agreement, dated as of <br /> December 1, 1982 (the "Agreement") , between the City and <br /> the Company; <br /> i <br />