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77-33 SETTING FORTH THE DETERMINATION OF THE COUNCIL THAT IT IS IN THE PUBLIC INTEREST TO ASSIST HOSPITALS SERVING RESIDENTS IN FINANCING HOSPITAL FACILITIES
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77-33 SETTING FORTH THE DETERMINATION OF THE COUNCIL THAT IT IS IN THE PUBLIC INTEREST TO ASSIST HOSPITALS SERVING RESIDENTS IN FINANCING HOSPITAL FACILITIES
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Last modified
10/7/2016 8:19:31 AM
Creation date
10/7/2016 8:19:30 AM
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Resolution/Ordinance
Res Ord Num
77-33
Res Ord Title
SETTING FORTH THE DETERMINIATION OF THE COUNCIL ...THAT IT IS IN THE PUBLIC INTEREST TO ASSIST HOSPITALS SERVIING RESIDENTS OF THE CITY IN FINANCING HOSPITAL FACILITIES
Approved Date
4/4/1977
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t <br /> . , <br /> k.i� t� � ' , � I�ICROFlLMED <br /> � <br /> � � � �� <br /> � 7-� � � � <br /> ORDINANCE NO . � U � � _ '� 3 <br /> AN ORDINANCE setting forth the determina- <br /> tion of the Council of the City of Decatur, <br /> • Macon County,Illinois , that it is in the <br /> public interest to assist hospitals serving <br /> residents of the City in financin� hospital <br /> facilities , and prescribing the procedures to <br /> be followed in the issuance of Hospital Facilit,y <br /> Revenue Bonds by the City. <br /> � � � <br /> WHEREAS, Section 6 (a) of Article VII of the 1970 <br /> Constitution of Illinois provides that "any municipality which has <br /> a population of more than 25,000 (is ) a Home Rule Unit ", and the <br /> City of Decatur, Macon County, Illinois (the "City") , has a <br /> population in excess of 25,000 and is therefore a Home Rule Unit <br /> and may under the powers granted by Section 6 (a) of Article VII I <br /> r`exercise any power and perform any function pertaining to its ' <br /> government and affairs . . . "; and , <br /> WHEREAS, the City Council has heretofore found and does <br /> hereby find that it is necessary and in the interests of the public <br /> health and the welfare of the residents of the City to use the <br /> powers granted to the City by said Section of the 1970 Constitution <br /> to authorize the issuance of bonds by the City so that the City may <br /> assist not-for-prof�t hospitals open to the public in building, <br /> maintaining and improving hospital and health care facilities for <br /> the benefit of the residents of the City; and <br /> WHEREAS, the issuance of hospital facility revenue bonds <br /> to finance in whole or in part the cost of acquisition, purchase , <br /> Exhibit A � <br />
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