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�,�».......�, _�ti..: .�.__.. _ . .. • ' . . . . .. <br /> City; and <br /> WHEREAS it is essential and for the best interests o.f the <br /> inhabitants of the City of Decatur, Illinois, that provision be made <br /> for the establishment in said City of an adequate system for the <br /> efficient and safe transportation of persons within the Citys and <br /> WHEREAS the Council of said City has heretofore found and <br /> determined and does now hereby find and determine that it is essen- <br /> tial and for the best interests of the inhabitants of said City, that <br /> property necessary or �propriate for the operation a#' a public <br /> utility for the transportation of persons within the corporate limits <br /> � of the City of Deca�ur be acquired, such property to be acquired <br /> being referred to and described hereinabove in the preamble of this <br /> ordinance and consisting of a�l the properties, both real and per- <br /> sonal, now owned by the Decatur City Lines, Inc. , and providing for <br /> the transportation of persons within the City of Decatur, Illinoisy <br /> � and � <br /> WHEREAS �he Council of said City has caused to be made an <br /> estimate of the cost of such property to be acquired necessary or <br /> � • appropriate for the operation of such public utility for the trans- <br /> portation of persons within the corporate limits of the City and has <br /> heretofore and does now hereby find and determine that the estima�ed <br /> cost th�reof will be not less than Two Hundred Fifty Thousand Dol- <br /> lars ($250,000) 9 and <br /> WHEREAS, pursuant to and in accordance with the provisions <br /> contained in Division 117 of Article 11 of the Illinois Municipal <br /> Code of 1961, and all Acts amendatory thereof and supplementary <br /> thereto, the City of Decatur may borrow money for the purpose of <br /> acquiring such property nec�ssary or appropriate for the operation <br /> of such public utility and in evidence thereof issue its ne�otiable <br /> coupons bonds therefor, pledging �or the payment thereof the full <br /> � faith and credit of said City; and <br /> WHERFAS funds are not on hand and available for the pur- <br /> pose of paying the cost of acquirin� the property above referred to <br /> _�_ <br />