Laserfiche WebLink
duly executed, as amended by an Amendatory Memorandum of A$reement <br /> approved by the City Council of the Issuer on September 14, 1981, <br /> and duly executed, the Company has entered into contracts for <br /> the acquisition, installation and construction of certain pollution <br /> control facilities in the City of Decatur, Illinois (the "Pro�ect") , <br /> constituting a pollution control facility within the meaning of <br /> the Enabling Ordinance and which will be of the character and <br /> accomplish the purposes provided by the Enabling Ordinance, and <br /> the Issuer is willing to issue its revenue bonds to help finance <br /> the cost of the Pro�ect and to enter into a loan agreement with <br /> the Company upon terms which will produce revenues and receipts <br /> sufficient to provide for the prompt payment at maturity of the <br /> principal, interest and redemption premium, if any, on such <br /> revenue bonds, all as set forth in the details and provisions of <br /> the Loan Agreement hereinafter identified; and <br /> WHEREAS, it is necessary and proper for the interests <br /> and convenience of the Issuer and its inhabitants to authorize <br /> the financing of the Pro�ect; and <br /> WHEREAS, it is necessary to authorize the execution of <br /> a Loan Agreement to be dated as of December 1, 1981, by and between <br /> the Issuer and the Company (the "Agreement" ) , under the terms of <br /> which the Company will pay amounts sufficient to pay at maturity <br /> the principal of, interest and redemption premium, if any, on the <br /> revenue bonds hereinafter authorized and will evidence such <br /> obligation by executing its Promissory Note in the principal <br /> amount of $5,650,000 (the "IVote" ) ; and <br /> WHEREAS, it is necessary to authorize the execution <br /> and delivery of an Indenture of Trust dated as of December l, <br /> -3- <br />