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81-33 AUTHORIZING THE ISSUANCEOF HOSPITAL FACILITY REVENUE BONDS, SERIES 1981 (DECATUR MEMORIAL HOSPITAL PROJECT)
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81-33 AUTHORIZING THE ISSUANCEOF HOSPITAL FACILITY REVENUE BONDS, SERIES 1981 (DECATUR MEMORIAL HOSPITAL PROJECT)
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Last modified
9/16/2016 11:17:23 AM
Creation date
9/16/2016 11:17:22 AM
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Resolution/Ordinance
Res Ord Num
81-33
Res Ord Title
AUTHORIZING THE ISSUANCE OF $11,915,000 HOSPITAL FACILITY REVENUE BONDS, SERIES 1981 (DECATUR MEMORIAL HOSPITAL PROJECT)...
Approved Date
4/27/1981
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the Bonds at a price acceptable to the P7unicipality and the Hospital , <br /> and in order to provide for the issuance of the Bonds it is necessary <br /> for the PZunicipality to authorize the execution of the following des— <br /> cribed documents in substantially the forms before this meeting : <br /> ( 1) A First Supplemental PZortgage and Security Agreement <br /> dated as of PZay 1 , 1981 , between the P�unicipality and the Hospital <br /> ( the "P?o rtgage" ) ; <br /> (2) A First Supplemental Trust Indenture dated as of <br /> P4ay I , 1981 , between the PZunicipality and the "Trustee" , authorizing <br /> the issuance of the Bonds ( the "Indenture" ) ; <br /> (3 ) An Official Statement dated on or about May 8, 1981, <br /> to be used in connection with the sale of the Bonds ( the "Official <br /> Statement") ; and <br /> (4 ) A Proposed Contract of Purchase to be dated on or <br /> about PSay 8, 1981 , amon� the P'Iunicipality , the Hospital and the <br /> Underwriters ( the "Purchase Contract" ) . <br /> NOW, THEREFORE, BE IT ORDAINED by the Council of the <br /> City of Decatur, P'facon County, Illinois, as follows : <br /> Section 1. That the Municipality is a home rule unit <br /> under the provisions of the 1970 Constitution of Illinois, and as <br /> a home rule unit may, under the powers granted by Section 6 (a) of <br /> Article VII thereof, "exercise any power and perform any function <br /> pertaining to its government and affairs ." That this ordinance <br /> is adopted pursuant to the P4unicipality' s home rule powers and in <br /> accord with the Enabling Ordinance, any provisions contained in <br /> the Illinois PZunicipal Code to the contrary notwithstanding. <br /> -3- <br />
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