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. � <br /> ORD INA NCE NO. 8 2-7 p ��CRO/��� <br /> �� <br /> ORDINANCE SPECIFYING INTEREST RATE ON CITY OF DECATUR, <br /> ILLINOIS ECONOMIC DEVELOPMENT REVENUE BONDS (DECATUR <br /> DEVELOPMENT COMPANY PROJECT ) . <br /> WHEREAS , the Council of the City of Decatur adopted an , <br /> ordinance on June 14, 1982 providing for the issuance by the City <br /> of its Economic Development Revenue Bonds (Decatur Development <br /> Company Project) ; and <br /> WHEREAS , said ordinance provides that the interest rate <br /> thereof shall not exceed thirteen and one-half percent (13. 5$ ) per <br /> annum; and <br /> WHEREAS, it has been determined that said bonds will be <br /> sold at an interest rate of thirteen and one-half percent (13. 5� ) <br /> per annum. <br /> NOW, THEREFORE , BE IT ORDAINED BY THE COUNCIL OF THE <br /> CITY OF DECATUR, MACON COUNTY, ILLINOIS , AS FOLLOWS: � <br /> �, �� � :� .C � <br /> Section 1. The Ordinance of the Council adopted on June <br /> 14, 1982 providing for the issuance by the City of its Economic <br /> Development Revenue Bonds (Decatur Development Company Project) be <br /> amended at Section 3 and Exhibit A to specify that the interest <br /> rate on said bonds shall be thirteen and one-half per cent (13. 5$ ) <br /> per annum and said bonds shall be authenticated by Mercantile Bank <br /> and Trust Company, Kansas City, Missouri, as Trustee. <br /> Section 2 . In all other respects said ordinance is <br /> approved, ratified and confirmed. <br /> Section 3 . This Ordinance shall take effect immediately <br /> upon its adoption. <br />