7171 AUTHORIZING THE FINANCING OF INDUSTRIAL FACILITIES (INDUSTRIAL DEVELOPMENT REVENUE BONDS)

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— — _ __�__LL..._._.�_._.s� _�.� _ _ __ .� --.. _._ �,___ . _.� , ' , , � for the proposed bond issue to finance the Pro�ect (the "Indent�re" ) ; � 3. The form of the proposed Industrial Development Revenue Bonds (Archer-Daniels-Midland Company Pro�ect) (the "Bonds" ) to be issued in the aggregate principal amount of $1, 000,000; 4. The form of Bond Purchase Agreements to be � � dated as of the effective date of this Ordinance (the "Bond Purchase Agreements" ) , between the Issuer, the Company, and the purchasers named therein (the � r'purchasers") ; and 5. The form of the Preliminary Placement Memorandum of the Issuer dated September 9, 1976 (which together with a final Placement Memorandum is herein called the "Placement Memorandum") describing the Bonds; NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF DECATUR, MACON COUNTY, ILLINOIS, AS FOLLOWS : Section 1. That the form, terms and provisions of the proposed Loan Agreement and Indenture be, and they hereby are, in all respects approved, and that the Mayor and the Clerk of the Issuer be, and they are hereby authorized, empowered and directed to execute, acknowledge and deliver such ir:struments in the name and on behalf of the Issuer, to caus� the Loan Agreement to be delivered to the Company and to cause the Indenture to be delivered to the Trustee; that the Indenture shall constitute a lien for the security of the bonds at any time issued thereunder upon all right , title and interest of the Issuer in and to the revenues and receipts � derived by the Issuer from the Project , including the payments, �'� revenues and receipts derived from the Loan Agreement and said II revenues are hereby and in the Indenture pledged for such purpose; that the Loan Agreement and the Indenture are to be in substantially _3_ :;