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78-101 AUTHORIZING THE FINANCING OF INDUSTRIAL FACILITIES AND AUTHORIZING THE ISSUANCE OF $3,000,000 INDUSTRIAL DEVELOPMENT REVENUE BONDS (SEASON-ALL INDUSTRIES, INC. PROJECT)
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78-101 AUTHORIZING THE FINANCING OF INDUSTRIAL FACILITIES AND AUTHORIZING THE ISSUANCE OF $3,000,000 INDUSTRIAL DEVELOPMENT REVENUE BONDS (SEASON-ALL INDUSTRIES, INC. PROJECT)
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Last modified
9/29/2016 4:36:13 PM
Creation date
9/29/2016 4:36:12 PM
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Resolution/Ordinance
Res Ord Num
78-101
Res Ord Title
AUTHORIZING THE FINANCING OF INDUSTRIAL FACILITIES AND AUTHORIZING THE ISSUANCE OF $3,000,000 INDUSTRIAL DEVELOPMENT REVENUE BONDS (SEASON-ALL INDUSTRIES, INC. PROJECT)
Approved Date
7/17/1978
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♦` "," F� �� . <br /> - � ' ' �,�C� <br /> ORDINANCE N0. �/a r <br /> AN CRDINAPICE AUTHORIZING THE F1T;AIICING OF <br /> INDLSTRIAL FACILITIES AND RELA�'E� pROPERTY <br /> CO:v'STITUTII�G A "PROJ�CT" WIi�-;IiJ i'I�TF MEANING <br /> Or ORDINAPICE ?10. 5768, AS AP�IEIVDED; AUTHOR- <br /> IZII;G THE ISSU�NCE OF $3, 000, 000 I?�dDUSTRIAT <br /> DEVELOPI��Ei�;T REVENUE BONDS (SEASO:v-ALL <br /> TNDUSTRIES, II�1C. PROJECT) SEFIES A AND <br /> �"1 , 500 , 000 Ii�DUSTRIAL DEVELOrME?�^ '?EVE?�IUE <br /> BO:��DS (SEASON-ALL INDUSTRIES , TI�?� . PROJEC i) <br /> SERIES B iPv COi�?�1EC^lION THEREZ^iITH; AUTHORIZI'�G <br /> THE EXECUTIO?�1 AND DELIVERY 0� A �OAN AGREENEI�;�' <br /> BETI�,EEN THE CITY OF DECATUR, MACON COUNTY, <br /> ILLINOIS A.ND SEASON-ALL I:1DliS1RI�S , INC. ; <br /> AUIFORIZING THE EXECUTION P_ND DE�IVERY OF AT�T <br /> TNDENTURE OF TRUST SECURIi�r SAID BOTvTDS; <br /> AUIHORIZING A MORTGAGE AND SECURITY AGP�EET�iEi�1T <br /> ���I^H SEASON-ALL INDUSTRIES, INC . FUR^1HER <br /> SECURING SAID BONDS; AI�TD AUTHORIZING THE EXEC�J- <br /> TION OF BOND PURCHASE AGREEMENTS PROVIDING <br /> FOR THE SP.LE OF SAID BONDS 10 THE PURCHASERS <br /> THEREOF AND RELATED MATTERS . <br /> �tiTHEREAS, pursuant to Ordinance No . 5768 duly adopted by <br /> �h� Council of the City of Decatur, Macon County, Illinois (here- <br /> _na�'ter referred to as the "Issuer" ) on February 5 , 1973 , as <br /> �rr.ended by various ordinances (collectively the "Enanli�g Crdinance" ) , <br /> tY:e Issuer is authorized to issue its revenue bonds to defray _n <br /> t•;hole or in part the costs of any "pro j ect" , as dei ined �n tne <br /> �n�bling Ordinance for the purpose set for�h therein; ar�d <br /> ���HEREAS , as a result of negotia�:ons betv,Teen �he Issuer <br /> �.r.0 Season-All Industries , Inc . (hereinaiter sometimes = �ierre^ <br /> �C c.S i,�1e ��COI?:p8riy�� � � 2.21C�. lri reliance UpOri 2 �i2IilOr'2ri(1i;I:: Gi �!�Y'��M2rit <br /> tis��,�,eQn the �ssuer and the Cor�pany dated D�camber 2? , _, - , , �he <br />
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