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7081 AUTHORIZING THE FINANCING OF AN ECONOMIC DEVELOPMENT PROJECT WITHIN THE MEANING OF ORDINANCE NO. 5768 (INDUSTRIAL BIO-TEST PROJECT)
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7081 AUTHORIZING THE FINANCING OF AN ECONOMIC DEVELOPMENT PROJECT WITHIN THE MEANING OF ORDINANCE NO. 5768 (INDUSTRIAL BIO-TEST PROJECT)
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Last modified
10/7/2016 4:01:41 PM
Creation date
10/7/2016 4:01:39 PM
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Resolution/Ordinance
Res Ord Num
7081
Res Ord Title
AUTHORIZING THE FINANCING OF AN ECONOMIC DEVELOPMENT PROJECT WITHIN THE MEANING OF ORDINANCE NO. 5768...IN ORDER TO ENCOURAGE THE ECONOMIC DEVELOPMENT OF THE CITY (INDUSTRIAL BIO-TEST PROJECT)
Approved Date
5/17/1976
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, , , , � , <br /> 1. The form of Agreement, dated as of May 13, <br /> 1976, between the Issuer and the Company; <br /> 2. The form of the proposed Industrial Development <br /> Revenue Bond (Industrial Bio-Test Project) (the "Bond" ) ; <br /> 3. The form of Bond Purchase Agreement, dated as of <br /> May 13, 1976 (the "Bond Purchase Agreement" ) , between the <br /> Issuer and The Nerthern Trust Company, Chicago, Illinois <br /> (the "Purc:;aser" ) ; and <br /> 4 . The form of Assignment, dated as of May 13, 1976 <br /> (the "Assignment" ) between the Iasuer and the Purchaser. <br /> NOW, THEREFORE, BF IT ORDAINED BY THE CITY COUNCIL OF THE <br /> CITY OF DECATUR, MACON COCINTY, ILLINOIS, AS FOLLOWS : <br /> Section 1. That the form, terms and provisions of the <br /> proposed Agreement be, and they hereby are, in a11 respects approved, <br /> and that the Mayor and the Clerk of the Issuer be, and they hereby are, <br /> authorized, empowered and directed to execute, acknowledge and deliver <br /> the Agreement in the name and on behalf of' the Issuer, and thereupon <br /> to cause the Agreement to be delivered to the Company; that the <br /> Agreement is to be in substantially the form attached hereto and marked <br /> "Exhibit A" and hereby approved, or with such changes therein as <br /> shal� be approved by the officials of the Issuer executing the same, <br /> their execution thereof to constitute conclusive evidence of their <br /> approval of any and all changes or revisions therein from the form of <br /> Agreement attached hereta; and that from and after the execution and <br /> delivery of the Agreement, the officials, agents and employees of the <br /> Issuer are hereby authorized, empowered and directed to do all such <br /> acts and things and to execute all such documents as may be necessary <br /> to carry out and comply with the provisions of the Agreement as <br /> executed. <br /> _3_ <br />
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