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81-52 RATIFYING AND APPROVING THE EXECUTION OF A CONTRACT OF PURCHASE HOSPITAL FACILITY REVENUE BONDS, SERIES 1981
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81-52 RATIFYING AND APPROVING THE EXECUTION OF A CONTRACT OF PURCHASE HOSPITAL FACILITY REVENUE BONDS, SERIES 1981
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Last modified
9/16/2016 10:07:09 AM
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9/16/2016 10:07:09 AM
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Resolution/Ordinance
Res Ord Num
81-52
Res Ord Title
RATIFYING AND APPROVING THE EXECUTION OF A CONTRACT OF PURCHASE AMONG THE CITY OF DECATUR, DECATUR MEMORIAL HOSPITAL AND SMITH BARNEY, HARRIS UPHAM & CO., INC. AND OTHER UNDERWRITERS WITH RESPECT TO HOSPITAL FACILITY REVENUE BONDS, SERIES 1981
Approved Date
4/27/1981
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� �� . <br /> r <br /> WHEREAS, because of adverse conditions in the bond <br /> market, the Bonds authorized by the Bond Ordinance were not sold <br /> pursua.nt to a Purchase Contract dated on or about May 8, 1981, <br /> and it is herefore necessary for this City Council to approve <br /> changes in the dates of the Mortgage and the Indenture from May 1, <br /> 1981 to June 1, 1981, and changes in the dates of the Official <br /> Statement and the Purchase Contract from May 8, 1981 to June 4, <br /> 1981: <br /> NOW, THEREFORE, Be It Ordained by the Council of the <br /> City of Decatur, Macon County, Illinois, as follows : <br /> Section l. That the Mortgage and the Indenture (as <br /> defined in the Bond Ordinance) be dated as of June 1, 1981, <br /> instead of May 1, 1981 as set forth in the Bond Ordinance. '� <br /> Section 2. That the Official Statement and the Purchase <br /> Contract (both as def ined in the Bond Ordinance) be dated as of <br /> June 4, 1981. The execution of the Official Statement and the <br /> Purchase Contract dated as of June 4, 1981 by the officials of <br /> the City executing the same be and the. same is her.eby in all <br /> respects ratified, approved and conf irmed. <br /> Section 3. That all of the other provisions of the <br /> � <br /> Bond Ordinance are hereby reaffirmed and the consummation of the <br /> transaction contemplated by the Bond Ordinance, the Official <br /> Statement and the Purchase Contract (as executed) is hereby <br /> � <br /> declared. to be in conformity with the provisions and purpose of <br /> the Bond Ordinance. <br /> -2- <br /> � <br /> I <br />
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