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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
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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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, ' � <br /> 5 . The form of ro osed �Zort�� e �.nd Securit�: A reement <br /> � P � � ., � <br /> dated �s of June 30, �1978 from the Company to the Issuer (the <br /> "r�iortgage" ) , including the Assignment oi the I�iortgage dated as of <br /> June 30, 1978 by the Issuer to the Trustee (�he "Assignment" ) . <br /> NOW, THEREFORE, BE IT ORDAINED B� ^HE COUTTCIL OF T�iE CImY <br /> � T 1 T � r -,T . <br /> 0_ DECATJR, MAC0�1 COUI�TY, ILLIP�OIS, AS � OL�O�,S . <br /> Section 1 . That the form, terms and provisions of the <br /> proposed Loan Agreement and Inden�ure be , and they hereby are , in <br /> all respects approved, and that the Playor Gnd the Clerk oi �he <br /> Issuer be, and they are hereby authorized, e^��powered and direc�ed <br /> to execute and deliver such instruments in the name and on behalf <br /> of the Issuer, to cause the Loan Agreement to be delivered to �he <br /> Company and to cause the Indenture to be del_vered zo the l�rustee ; <br /> that the Indenture shall constitute a lien for the security of the <br /> Series A Bonds and Series B Bonds upon a�l r�gh� , title and <br /> interest of the Issuer in and to the revenues and recei�ts deriveci <br /> by the Issuer from the Project , including �he payments , revenues <br /> and receipts derived from the Loan Agreement �nd said reverues are <br /> hereby and in the Indenture pledged for such purpose ; that the <br /> Loan Agreement and the Indenture are tc be in substantially the <br /> form submitted to this meeting and hereby �pnroved, with such <br /> changes therein as shall be approved by the officials of the Issuer <br /> executing the same , their execution thereo= �o constitute <br /> conclusive evidence of their approval oi ar.y a:,d a�l ch�roes or <br /> rev�sions therein from the forms of Loan A�reement and =nde_�ture I <br /> nereby approved; and that from ar.d af�er t'_:e e�ecution G.n.d uel�very ' <br /> of suc:� instruments , the cfficials , �ge��:� s u��d emalovees o- '�::e <br /> -4- <br />
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