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5595 PROVIDING FOR ACQUIRING PROPERTY NECESSARY OR APPROPRIATE FOR THE OPERATION OF A PUBLIC UTILITY FOR THE TRANSPORTATION OF PERSONS
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5595 PROVIDING FOR ACQUIRING PROPERTY NECESSARY OR APPROPRIATE FOR THE OPERATION OF A PUBLIC UTILITY FOR THE TRANSPORTATION OF PERSONS
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Last modified
10/24/2016 8:24:59 AM
Creation date
10/24/2016 8:24:58 AM
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Resolution/Ordinance
Res Ord Num
5595
Res Ord Title
PROVIDING FOR ACQUIRING PROPERTY NECESSARY OR APPROPRIATE FOR THE OPERATIONS OF A PUBLIC UTILITY FOR THE TRANSPORTATION OF PERSONS WITHIN THE CORPORATE LIMITS OF THE CITY OF DECATUR...
Approved Date
10/12/1971
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.• . • _ , . ;; ". -� ; � � . <br /> Year � Amount <br /> 1g73 to 19T5, inclusivc $10,000 <br /> 1976 to 1980; inclusive 15,000 <br /> 1g81 to 19�36, inclusive 20,000 <br /> 19g? 25,000 <br /> �hat said bonds shall bear interest from date until paid at the rate <br /> � er annum such interest to be payable on <br /> of seven per cent (7w) p , <br /> July 1, 1972 and semiannually thereafter on the first days of <br /> January and July in each year, which said interest payments to date <br /> of maturity of principal shall be evidenced by proper interest cou- <br /> pons attached to each bond and maturing on the dates herein provided, <br /> and both principal and interest shall be pa.yable in lawful money of <br /> the United States of America at such place in the City of Chicago, <br /> Illinois, as may hereafter be agreed upon by the Council of said <br /> City and the purchaser of the,bonds herein authorized. The seal of <br /> said. City sha,ll be affixed to each of sai.d bonds and said bonds shall <br /> be signed by the 2�iayor and be attested by the Clerk of said City, <br /> and said coupons shall be signed and att�sted by said bfficials, <br />__ respec�;ively, by their respective �acsiL111e signatuxes, .and said <br /> officials, �by the execut�.on of said bonds, shall adopt as and for <br /> their own proper signatures their respective facsimile signatures <br /> appearing on said coupons . . <br /> ' Section 3. That the bonds hereby authorized shall be <br /> � payable to bearer, provided, however, that such bonds may be. subject <br /> to registration as to principal in the name of the holder on the <br /> books of the Treasurer of said City, such registration to be evidenced <br /> by notation of said Treasurer upon the back of such bonds so regis- <br /> tered . No bond so registered shall be subject to transfer except <br /> upon such books and similarly noted on the back thereof unless the <br /> . last registration shall have been to bearer. Such registration of <br /> any of said bonds ahall not, hocaever, affect the ne�o�iabili�;y of <br /> the coupons attached to said bonds, but such coupons shall continue <br /> transferable by delivery merely. <br /> Section �. That each of said bonds and �he 3.nterest <br /> � <br /> coupons to be thereto att�,ched sh�.11 be in suY�t�ntially the followin� <br /> form: • <br /> _5_ <br />
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