My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
82-66 PROVIDING FOR THE ISSUANCE BY THE CITY OF DECATUR OF ITS ECONOMIC DEVELOPMENT REVENUE BONDS (DECATUR DEVELOPMENT COMPANY PROJECT)
COD
>
City Clerk
>
ORDINANCES
>
1982
>
82-66 PROVIDING FOR THE ISSUANCE BY THE CITY OF DECATUR OF ITS ECONOMIC DEVELOPMENT REVENUE BONDS (DECATUR DEVELOPMENT COMPANY PROJECT)
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/15/2016 9:51:23 AM
Creation date
9/15/2016 9:51:22 AM
Metadata
Fields
Template:
Resolution/Ordinance
Res Ord Num
82-66
Res Ord Title
PROVIDING FOR THE ISSUANCE BY THE CITY OF DECATUR, ILLINOIS OF ITS ECONOMIC DEVELOPMENT REVENUE BONDS (DECATUR DEVELOPMENT COMPANY PROJECT)
Approved Date
6/14/1982
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
14
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
ORDINANCE N0.82-66 <br /> � � ORDINANCE PROVIDING FOR THE ISSUANCE BY THE CITY OF <br /> DECATUR, ILLINOIS OF YTS ECONOMIC DEVELOPMENT FQ <br /> REVENUE BONDS (DECATUR DEVELOPMENT COMPANY PROJECT) . <br /> r <br /> WHEREAS, the City of Decatur, Illinois (the "Munici- <br /> pality" ) is authorized pursuant to the provisions of Ordinance No. <br /> 5768 adopted on February 5, 1973 pursuant to its constitutional <br /> home rule powers, as from time to time supplemented and amended <br /> (the "Enabling Ordinance" ) to issue revenue bonds to defray in <br /> whole or in part the costs of economic development projects and to <br /> enter into leases, financing agreements or loan agreements with <br /> any person in order to secure the Municipality' s revenue bonds, <br /> . provided, however, that any such lease, financing agreement or <br /> loan agreement must provide that such person shall pay to, for or <br /> on behalf of the Municipality an amount sufficient to pay principal, � <br /> interest, redemption premiums and all other costs in connection <br /> with the municipality' s revenue bonds; and <br /> WHEREAS, one of the purposes of the Enabling Ordinance <br /> is to provide a financing device which will aid in financing the <br /> cost of projects in order to relieve conditions of unemployment <br /> and to encourage the increase of commerce and industry within the <br /> Municipality, thereby reducing the evils attendant upon unemployment <br /> and to provide for the increased welfare and prosperity of the <br /> residents of the Municipality; and <br /> WHEREAS, the Municipality has made the necessary arrange- <br /> ments with Decatur Development Company, a Missouri general partner- <br /> ship (the "Beneficiary" ) and beneficiary of Mount Zion State Bank <br /> and Trust Company Trust No. 330 (the "Mortgagor" ) , for the acquisi- <br />
The URL can be used to link to this page
Your browser does not support the video tag.