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5675 AUTHORIZING AND PROVIDING FOR THE ISSUE OF $8,000,000 WATER REVENUE BONDS
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5675 AUTHORIZING AND PROVIDING FOR THE ISSUE OF $8,000,000 WATER REVENUE BONDS
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10/19/2016 4:19:55 PM
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Resolution/Ordinance
Res Ord Num
5675
Res Ord Title
AUTHORIZING AND PROVIDING FOR THE ISSUE OF $8,000,000 WATER REVENUE BONDS OF THE CITY OF DECATUR, MACON COUNTY, ILLINOIS...
Approved Date
6/19/1972
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, , <br /> , <br /> by registered mail, at least thirty {30) days prior to the date of <br /> redemption, or if the holders of any such bonds are unknown, then <br /> notice of such redemption shall be given by publication of such <br /> notice at least once in a newspaper published and of general circu- <br /> lation in the City of Chicago, Illinois, and the date of the publi- <br /> cation of such notice shall be not less than thirty (30) days prior <br /> to such redemption date, and any such notice shall designate the <br />' date and place of redemption of said bonds, which shall be at the <br /> paying agent as hereinafter provided for, in the City of <br /> Illinois, shall designate the serial nunnber and the aggregate prin- <br /> cipal amount of the bonds to be redeemed, and shall indicate that <br /> on the designated date of redem�tion said bonds will be redeemed by <br /> payment of the principal thereoP and accrued interest thereon, and <br /> that from and after the designated redemption date interest in <br /> respect of said bonds so called for redemption shall cease. <br /> Section �. That both principal and interest of said <br /> Water Revenue Bonds shall be payable in lawful money of the United <br /> States of America, at such bank or trust company in the State of <br /> Illinois as may he�eafter be agreed upon by the purchaser of said <br /> bonds and the City. Said bonds shall be signed by the Mayor, sealed <br /> with the corporate seal of said City, and attested by the City Clerk, <br /> and the interest coupons attached to said bonds shall be executed by <br /> the facsimile signatures of said Mayor and said City Clerk, and said <br /> officiais, by the execution of said bonds, shall adopt as and for <br /> their own proper signatures their respective facsimile signatures <br /> appearing on said coupons. <br /> Said bonds, together with i�nterest thereon, sha.11 be pay- <br /> able solely from the revenues derived from the waterworks system of <br /> said City and such bonds sha.11 not in any event constitute an in- <br /> debtedness of the City of Decatur within the meaning of any consti- <br /> tutional or sta,tutory limitation. <br /> � Any of said bonds may be registered as to principal at any <br /> time prior to maturity, in the name of the holder on the books of <br /> -5- <br />
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