6048 ESTABLISHING PROCEDURES TO BE FOLLOWED IN INCURRING INDEBTEDNESS FOR CORPORATE PURPOSES, ISSUING BONDS TO EVIDENCE SUCH INDEBTEDNESS AND AUTHORIZING AND DIRECTING THE LEVYING OF TAXES

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. � �'� , . ', , 3 of the Mayox executed by the person so designated, with the signa- ture of the person so designated underneath, shall be attached to each notice. Each notice, with the signature attached, shall be re- corded in the journal of the proceedings of the Council and then filed with the City Clerk. When the signature of the Mayor is placed on a full faith and credit bond oP the City at the direction of the Mayor in the specified manneY, such full faith and credit bond in all respects shall be as binding on the City as if signed by the Mayor in person. Section S. The Bond Ordinance shall make provision f'or the pay- ment of such bonds, both principal thereof and interest thereon until maturity, by the levy of a direct annual tax upon aIl the taxable pro- perty within the City of Decatur sufficient for such purpose. A copy of such Bond Ordinance, as adopted, certified to by the City Clerk, shall be filed in the office of the County Clexk of the County of Macon, Illinois. Such Bond Ordinance, as so filed, shall constitute the authority for the County Clerk in and for each of the years for which taxes are levied in said Bond Ordinance, to extend such taxes for col- lection against all the taxable property situated within the City of Decatur. The taxes so levied for the payment of principal of and in- terest on the bonds shall be extended annually by the County Clerk with- out limitation as to rate or amount and such taxes shall be in addition to and in excess of all other taxes le�ied or authorized to be levied by the City of Decatur. Except as provided herein, such taxes so levied shall not be subject to repeal or abatement in any manner whatsoever un- til such time as all the bonds authorized under the terms of said Bond Ordinance and issued shall ha Ve been paid in full, both principal there- of and interest thereon, up to and including the date of maturity, pro- vided, however, that if the City of Decatur has funds available, it may appropxiate same and order their deposit in trust with the paying agent for the purpose of the payment of any of �izs maturities of bonds or in- terest thereon, in which event the taxes so levied to pay such principal or interest may be abated by the amount so deposited, such abatement to be by ordinance adopted by the Council of the City of Decatur and placed on file with the County Clerk. Section 6. The provisions of any Bond Ordinance shall constitute an appropriation of the amounts required as therein referred to and de- scribed and upon the delivery of the bonds therein authorized, the pro- ceeds thereof shall be used solely and only for the purpose or purposes for which the bonds w�ere authorized.