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81-121 AUTHORIZING THE FINANCING OF POLLUTION CONTROL FACILITIES AND AUTHORIZING THE ISSUANCE OF POLLUTION CONTROL REVENUE BONDS, SERIES 1981
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81-121 AUTHORIZING THE FINANCING OF POLLUTION CONTROL FACILITIES AND AUTHORIZING THE ISSUANCE OF POLLUTION CONTROL REVENUE BONDS, SERIES 1981
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Last modified
9/15/2016 2:37:37 PM
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9/15/2016 2:37:37 PM
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Resolution/Ordinance
Res Ord Num
81-121
Res Ord Title
AUTHORIZING THE FINANCING OF POLLUTION CONTROL FACILITIES ...AND AUTHORIZING THE ISSUANCE OF $5,650,000 POLLUTION CONTROL REVENUE BONDS, SERIES 1981 (ARCHER-DANIELS-MIDLAND COMPANY PROJECT)
Approved Date
11/23/1981
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T <br /> � � ����R�F1L�� <br /> , <br /> . <br /> ORDINANCE N0. 81-121 <br /> AN ORDINANCE AUTHORIZING THE FINANCING OF POLLUTION <br /> CONTROL FACILITIES CONSTITUTING A "POLLUTION CONTROL <br /> FACILITY" WITHIN THE MEANING OF ORDINANCE N0. 5768 OF <br /> THE CITY OF DECATUR, MACON COUNTY, ILLINOIS, AS SUPPLE- <br /> MENTED AND AMENDED BY ORDINANCE N0. 7056 AND ORDINANCE <br /> N0. 79-70, IN ORDER TO ELIMINATE, ABATE OR REDUCE <br /> ENVIRONMENTAL POLLUTION IN THE CITY OF DECATUR, ILLINOIS; <br /> AUTHORIZING THE ISSUANCE OF $5,650,000 POLLUTION <br /> CONTROL REVENUE BONDS, SERIES 1981 (ARCHER-DANIELS- <br /> MIDLAND COMPANY PROJECT) IN CONNECTION THEREWITH; <br /> AUTHORIZING THE EXECUTION AND DELIVERY OF A LOAN AGREE- <br /> MENT BY AND BETWEEN THE CITY OF DECATUR, MACON COUNTY, <br /> ILLINOIS, AND ARCHER-DANIELS-MIDLAND COMPANY, PROVIDING <br /> FOR THE MAKING OF A LOAN TO ARCHER-DANIELS-MIDLAND <br /> COMPANY FROM THE PROCEEDS OF SAID BONDS; AUTHORIZING <br /> THE EXECUTION AND DELIVERY OF AN INDENTURE OF TRUST <br /> FROM THE CITY OF DECATUR, MACON COUNTY, ILLINOIS, TO <br /> THE MILLIKIN NATIONAL BANK OF DECATUR, AS TRUSTEE; <br /> AUTHORIZING THE EXECUTION AND DELIVERY OF RELATED <br /> DOCUMENTS; AND RELATED MATTERS. <br /> WHEREAS, pursuant to Ordinance No. 5768, duly adopted <br /> by the City Council of the City of Decatur, Macon County, Illinois <br /> (the "City" or the "Issuer" ) , on February 5, 1973, as supplemented <br /> and amended by Ordinance No. 7056, duly adopted by the City <br /> Council of the Issuer on December 22, 1975, and Ordinance No. <br /> 79-70, duly adopted by the City Council of the Issuer on May 21, <br /> 1979 (the "Enabling Ordinance" ) , the Issuer is authorized to <br /> issue its revenue bonds for the purpose of financing, in whole <br /> or in part, the costs of any "pollution control facility", as <br /> defined in the Enabling Ordinance, for the purpose of eliminating, <br /> abating or reducing environmental pollution in the City of Decatur, <br /> Illinois; and <br /> WHEREAS, as a result of negotiations between the Issuer <br /> and Archer-Daniels-Midland Company, a Delaware corporation (the <br /> "Company" ) , and in reliance on a Memorandum of Agreement approved <br /> by the City Council of the Issuer on September 15, 1g80, and <br /> -2- <br />
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