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pursuant to the Sale and Service Agreement (hereinafter defined) ; <br /> and <br /> WHEREAS, L. F. Rothschild, Unterberg, Towbin as repre- <br /> sentative of a group of underwriters (the "Representative" ) intends <br /> to offer the Bonds for sale to the public, and to use a Preliminary <br /> Official Statement dated December 19 , 197$ (the "Preliminary Official <br /> Statement" ) and a final Official Statement dated January 8 , 1979 <br /> (the "Final Official Statement") to effectuate such sale and has <br /> submitted to the City a form of Purchase Contract (hereinafter <br /> defined) setting forth the Representative's proposal to purchase <br /> the Bonds; and <br /> WHEREAS, copies of the Sale and Service Agreement , <br /> Indenture and Purchase Contraet have been presented to and are <br /> before this meeting: <br /> NOW, THEREFORE , BE IT ORDAINED BY THE CITY COUNCIL OF THE <br /> CITY OF DECATUR : <br /> Section 1 . The following words and terms used in this <br /> ordinance shall have the following meanings unless the context <br /> clearly indicates another or different meaning or intent: <br /> "Bonds" shall mean the Single Family Mortgage Revenue <br /> Bonds , 1979 Series A of the City in an aggregate principal <br /> amount of not to exceed $15 ,000 ,000 authorized to be issued <br /> pursuant to this ordinance and Article II of the Indenture. <br /> "City" shall mean the City of Decatur, Macon County, <br /> Illinois. <br /> "Custodian" shall mean Continental Illinois National <br /> Bank and Trust Company of Chicago and any successor acting <br /> as such under the Indenture. <br /> "Indenture" shall mean the Trust Indenture dated as of <br /> January 1 , 1979 among the City, the Trustee , and the Custodian, <br /> as approved by this ordinance, as the same may be supplemented <br /> from time to time in accordance with its terms . <br /> "Lending Institution" shall mean The Millikin National <br /> Bank of Decatur and any surviving, resulting or transferee <br /> corporation as permitted by the Sale and Service Agreement. <br /> "Mortgage Loans" shall mean the Mortgage Loans to be <br /> acquired pursuant to, and as defined in, the Sale and Service <br /> Agreement . <br /> "Official Statement" shall mean the Official Statement <br /> as further described and defined in the Purchase Contract . <br /> "Purchase Contract" shall mean the Purchase Contract � <br /> to be entered into between the City and the Representative, ' <br /> -2- I'i <br />