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77-88 AUTHORIZING THE ISSUANCE OF $9,575,000 HOSPITAL FACILITY REVENUE BONDS, SERIES 1977
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77-88 AUTHORIZING THE ISSUANCE OF $9,575,000 HOSPITAL FACILITY REVENUE BONDS, SERIES 1977
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10/6/2016 3:34:49 PM
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10/6/2016 3:34:49 PM
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Resolution/Ordinance
Res Ord Num
77-88
Res Ord Title
AUTHORIZING THE ISSUANCE OF $9,575,000 HOSPITAL FACILITY REVENUE BONDS, SERIES 1977 (DECATUR MEMORIAL HOSPITAL PROJECT)
Approved Date
6/6/1977
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(3) An Official Statement dated as of June 6 , <br /> 1977 , to be used in connection with the sale of the Bonds (the <br /> "Official Statement") ; and <br /> (4) A Purchase Contract dated as of June 6 , 1977 , <br /> among the Municipality, the Hospital and the Underwriters (the <br /> "Purchase Contract") . <br /> NOW, THEREFORE , BE IT ORDAINED by the Council of the <br /> City of Decatur, Macon 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 Municipality' s home rule powers and in <br /> accord with the Enabling Ordinance , any provisions contained in <br /> the Illinois Municipal Code to the contrary notwithstanding. <br /> Section 2. That the form, terms and provisions of the <br /> proposed Mortgage be, and they hereby are, in all respects approved, <br /> and that the Mayor and Clerk of the Municipality be, and they hereby <br /> are , authorized, empowered and directed to execute, acknowledge and <br /> deliver the Mortgage in the name and on behalf of the Municipality, <br /> and thereupon to cause the Mortgage to be recorded; that the Mortgage <br /> is to be in substantially the form before this meeting and hereby <br /> approved, or with such changes therein as shall be approved by <br /> the officials of the Municipality executing the same , their <br /> execution thereof to constitute conclusive evidence of their approval <br /> of any and all changes or revisions therein from the form <br /> - 3 - <br />
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