My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
5675 AUTHORIZING AND PROVIDING FOR THE ISSUE OF $8,000,000 WATER REVENUE BONDS
COD
>
City Clerk
>
ORDINANCES
>
1972
>
5675 AUTHORIZING AND PROVIDING FOR THE ISSUE OF $8,000,000 WATER REVENUE BONDS
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/19/2016 4:19:55 PM
Creation date
10/19/2016 4:19:52 PM
Metadata
Fields
Template:
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
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
46
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
, ��. . <br /> This bond and the series of which it forms a part, is pay- <br /> able solely from revenues derived from the wa,terworks system of said <br /> City, and not otherwise, and is issued under authority of Division <br /> 129 of Article 11 of the Illinois Municipal Code of 1961, approved <br /> May 29, 1g61, and all laws amendatory thereof and supplementary <br /> thereto, for the purpose of paying the cost of constructing improve- <br /> ments to the municipal waterworks system of said City of Decatur, <br /> all as more fully referred to and described in the ordinance adopted <br /> by the Council of said City on , 1972, duly si�ned and <br /> thereafter published as required by law and now in full force and <br /> effect and which ordinance authorized the issuance of this bond and <br /> the series of which it forms a part, and this bond does not constitute <br /> an indebtedness of said City within any constitutional or statutory <br /> limitation. <br /> Under the provisions of said Division 129 of Article 11 of <br /> said Illinois Municipal Code of 1961, as above referred to, and the <br /> ordinance adopted pursuant thereto <br /> authorizing the issuance of this bond and the <br /> series of which it forms a part, the revenues from the operation of <br /> the municipal waterworks system of said City shall be deposited in a <br /> separete fund designated as the: "Water Fund" of said City,which shall , <br /> be used and is hereby pledged for paying the cost of operation and <br /> ma�ntenance of such system, providing an adequate depree�tion fund , <br /> and paying the principal of and interest on the bonds of auc� �3i�y <br /> that are payable by their terms only from the revenue of such water- <br /> works system, and to maintain and to make the credits of the required <br /> amounts to the several accounts referred to and described and as pro- <br /> vided for and in conformity with the covenants of the City as set <br /> forth in the ordinance pursuant to which this bond and the series of <br /> which it forms a part, is issued. <br /> It is hereby certified and recited that all acts, conditions <br /> and things required to be done precedent to and in the issuance of this <br /> bond have been done and have happened and have been performed in <br /> -7- <br />
The URL can be used to link to this page
Your browser does not support the video tag.