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Section 12. The authorized officials of the City are <br /> hereby empowered to execute and deliver the Bonds and all documents <br /> and other instruments which may be required under the terms of the <br /> Purchase Contract , the Indenture , the Sale and Service Agreement <br /> and this ordinance. For purposes of this section "authorized <br /> officials of the City" shall mean the Mayor, City Manager or <br /> City Clerk. <br /> Section 13 . The Sale and Service Agreement shall contain <br /> the substance of the following paragraphs . <br /> The Lending Institution will not arbitrarily reject <br /> applications for Mortgage Loans for residential proper- <br /> ties within a specific geographic area in Decatur <br /> because of the location and/or age of the property, <br /> or, in the case of a proposed borrower, arbitrarily <br /> vary the terms of such Mortgage Loans or the <br /> application procedures therefor because of race, <br /> color, religion, national origin, age , sex, or marital <br /> status. In addition, the Lending Institution will make <br /> Mortgage Loans available on low and moderate income <br /> residential property in the neighborhoods of the City <br /> of Decatur within the limits of its legal restrictions <br /> and prudent financial practices. ' <br /> The Lending Institution (including a "related person" <br /> thereof, within the meaning of Section 103(b) (6) (C) <br /> of the United States Internal Revenue Code of 195�) <br /> shall not purchase any Bonds. <br /> Section 14 . The City hereby ratifies the use by the <br /> Representative of the Preliminary Official Statement in offering <br /> the Bonds to the purchasers thereof and the City hereby approves <br /> and authorizes the use by the Representative of the Final Official <br /> Statement . <br /> Section 15 . This ordinance shall become effective <br /> immediately upon its adoption and approval by the Mayor. <br /> PASSED by the City Council of the City of Decatur, Macon <br /> County, Illinois , a home rule unit of government this 8th day of <br /> January, 1979 . <br /> APPROVED by the Mayor of the City of Decatur, Illinois, <br /> on this ��day of January, 1979 • <br /> Mayor <br /> -6- <br />