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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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. ' � r.-� 1�.�,_". -��;:: � .._ .T. . . ,.;..�...}.;;.�..F , ' .,.. . <br /> . ' .Y�q' ..,.k-�:• � - �! �..'t 't' M' :'es•k^�`'�' '�5L'�`�" :'4' :'n,• _ ' - . ' , . . <br />.Y . � n• ' , ' • ,. •�^ . . ��� , . .. .,�N�"y F.L"�il;.�i.,.. .�{�s..' J� ' . ' ''p.l . . , . . <br /> upon the question of issuing bondg of said City and upon the .ordi- <br /> nance providing for the acquisitian of property nece�sary or appro- <br /> priate for the operation of a public utility for the transportation <br /> of persons within the corpora.te limits of the City of Decatur, Macon <br /> County, Illinois, describing the property to be acquired and pro- <br /> viding for the borrowing of money and the issuance of full faith <br /> and credit bonds of said City to the amount of $250,000 for the <br /> purpose of paying the cost of the acquisition of such property and <br /> providing for the levy and collection of a direct annual tax for the <br /> payment of the principal of and interest on said bonds, at an elec- . <br /> tion duly called, not3.ced, held and canvassed for that purpose in <br /> and for said City, and in compliance with the provisions of said <br /> . <br /> ordinance duly passed by the Council of sa�d City, signed by the <br /> Mayor, published and approved by a majority of the electors of said <br /> City voting thereon, in all respects as required by law. <br /> It is hereby certified and recited that all acts, condi- <br />- tions and things required by the Consti�ution and laws of the State <br /> of Illinois, to exist or to be done precedent to and in the issuance <br /> of this bond, have existed and have been properly done, happened and <br /> been performed in regular and due form and time as required by l,aw <br /> that the indebtedness of said City of Decatur, represented by this <br /> bond and� the issue ofl which it forms a part, and including all other <br /> indebtedness of said City, howsoever evidenced and incurred, does <br /> not; exceed any constitutional or statutory limitation, and that pro- <br /> vision has been made for the collection of a direct annual tax, in <br /> addition to all other taxes, on a11 of the taxable property in said� <br /> City sufficient to pay the interest hereon as the same falls due and <br /> � also to pay and dischar�e the principal hereof at maturity. <br /> Th3s bond is subject to registration as to principal in � <br /> the name of the holder on the books of the City Treasurer, such <br /> .re�istration to be ev�.denced by notation of such Treasurer on the <br /> back hereof, and after such re�istration no transfer hereof, except <br /> upon such book� and simil�:rly noted hereon, sha11 be va,lid unless <br /> _?_ <br />
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