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82-23 PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION SURFACE WATER DRAINAGE SYSTEM BONDS, SERIES OF 1982
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82-23 PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION SURFACE WATER DRAINAGE SYSTEM BONDS, SERIES OF 1982
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Last modified
9/15/2016 11:24:14 AM
Creation date
9/15/2016 11:24:13 AM
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Resolution/Ordinance
Res Ord Num
82-23
Res Ord Title
PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF $10,750,000 GENERAL OBLIGATION SURFACE WATER DRAINAGE SYSTEM BONDS, SERIES OF 1982...
Approved Date
2/25/1982
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�, , : . , <br /> ;� � - �,���,����6LM� <br /> � , <br /> /��--f <br /> ORDINANCE N0. 82-23 <br /> ORDINANCE PROVIDING FOR BORROWING MONEY AND <br /> AUTHORIZING THE ISSUANCE OF $10,750 ,000 GENERAL <br /> OBLIGATION SURFACE WATER DRAINAGE SYSTEM BONDS, <br /> SERIES OF 1982 , OF THE CITY OF DECATUR, MACON <br /> COUNTY, ILLINOIS, FOR THE PURPOS� OF PAYING THE <br /> COST OF CONSTRUCTING IMPROVEMENTS AND EXTENSIONS <br /> TO THE EXISTING SYSTEM OF SURFACE WATER DRAINS <br /> IN AND FOR SAID CITY AND PROVIDING FOR THE <br /> LEVY OF TAXES FOR THE PAYMENT OF THE PRINCIPAL <br /> OF AND INTEREST ON SAID BONDS. <br /> ��r��� ��*��t �**�* <br /> WHEREAS, the City of Decatur, Macon County, Illinois, <br /> has a population in excess of 25 ,000 , and pursuant to the <br /> rovisions of Section 6 a of rt <br /> P ( ) A icle VII of the 1970 Constitution <br /> of the State of Illinois, said City is a home rule unit of govern- <br /> ment; and, � <br /> WHEREAS, on the 25th day of February, 1982, the <br /> Council of said City did adopt an ordinance setting Porth the � <br /> procedures to be followed in the incurring of indebtedness for i <br /> corporate purposes and the issuance of bonds of said City payable I <br /> f rom ad valorem tax receipts without prior referendum approval, �� <br /> and all in accordance with the pertinent provisions of said <br /> Article VII of the 1970 Constitution of Illinois, such Ordinance <br /> being entitled: <br /> "AN ORDINANCE establishing procedures to be <br /> followed in incurring indebtedness For corporate <br /> purposes, issuing bonds to evidence such indebted- <br /> ness and authorizing and directing the levying of <br /> taxes, without Iimit as to rate or amount, for <br /> the purpose of paying principal and interest on <br /> such bonds as the same become due. " <br /> and which said Ordinance is in Pull force and effect; and <br /> EXHIBIT C <br />
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