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6095 PROVIDING FOR THE ACQUISITION BY THE CITY OF AN INDUSTRIAL PROJECT WITHIN THE CITY (DEBRON PROJECT)
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6095 PROVIDING FOR THE ACQUISITION BY THE CITY OF AN INDUSTRIAL PROJECT WITHIN THE CITY (DEBRON PROJECT)
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Last modified
10/10/2016 4:33:12 PM
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10/10/2016 4:33:11 PM
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Resolution/Ordinance
Res Ord Num
6095
Res Ord Title
PROVIDING FOR THE ACQUISITION BY THE CITY OF AN INDUSTRIAL PROJECT WITHIN THE CITY AND THE LEASING OF THE SAME TO AN INDUSTRIAL CONCERN ... $1,000,000 PRINCIPAL AMOUNT OF INDUSTRIAL PROJECT REVENUE BONDS (DEBRON PROJECT)
Approved Date
6/23/1975
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' 2 <br /> Wl�REAS, the City has avade necessary arrangements �vith De- <br /> bron Corporation, a Delaware Oorporation duly qualified and <br /> authorized to do business in the State of Illinois, for the loca- <br /> tion of a manufacturing plant addition, equipment and appurtenant <br /> facilities within the City, which will employ substantial numbers <br /> of residents of th�e City and the surxounding area with a resulting <br /> alleviation of unemployment and a substantial increase in payrolls <br /> and other public benefits flowing fro� the conducting of industrial <br /> operations; and, <br /> W!-�REAS, the issuance of reveriue bonds by the City as herein- , <br /> after authorized and provided will serve the intended accomplish- II <br /> ments and will in a11 respects conform to the provisions and require- <br /> ments of the enabling ordinance aforesaid; and, <br /> WI�REAS, at or before the time of the issuance of any of said <br /> revenue bonds the City will enter into a lease agYeement with Debron <br /> Corporation as hereinafter authcariaed and which, after e�cution <br /> thereof, wi11 be duly recorded in the office of the Recorder of Deeds <br /> of the O�unty of Macon, Illinois, and to which reference is hereby <br /> made for the rental, terms, conditions and obligations of the respect- <br /> ive parties therein set out; and, <br />
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