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5503 PROVIDING FOR BORROWING MONEY AND ISSUING BONDS OF THE CITY OF DECATUR, MACON COUNTY, ILLINOIS TO THE AMOUNT OF $795,000 FOR PUBLIC LIBRARY PURPOSES
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5503 PROVIDING FOR BORROWING MONEY AND ISSUING BONDS OF THE CITY OF DECATUR, MACON COUNTY, ILLINOIS TO THE AMOUNT OF $795,000 FOR PUBLIC LIBRARY PURPOSES
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10/24/2016 1:09:16 PM
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Resolution/Ordinance
Res Ord Num
5503
Res Ord Title
PROVIDING FOR BORROWING MONEY AND ISSUING BONDS OF THE CITY OF DECATUR, MACON COUNTY, ILLINOIS TO THE AMOUNT OF $795,000 FOR PUBLIC LIBRARY PURPOSES
Approved Date
6/14/1971
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' ' , ' , <br /> approved May 29, 1961, and all acts amendatory thereof and supple- <br /> mental thereto, and including the applicable provisions of the Act <br /> of the General Assembly of the State of Illinois, entitled " AN ACT <br /> in relation to free public libraries for cities, villages, incorpo- <br /> rated towns and townships and to repeal Acts and parts of Acts <br /> therein named", approved July 12, 1965, and all Acts amendatory of <br /> the Acts above referred to and supplementary thereto, and was auth- <br /> orized by a ma�ority of the electors of said City voting upon the <br /> question at an election duly called, noticed and held in said City <br /> on April 20, 1971, and this bond and the issue of which it forms a <br /> part, is issued in compliance with the provis�ons of an ordinance <br /> duly adopted by the Council of said City, signed and published, in <br /> all respects as required by law. <br /> It is hereby certified and recited that all acts, condi- <br /> tions and things required by the Constitution 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 law; <br /> that the indebtedness of said City of Decatur, represented by this <br /> bond and the issue of which it forms a part, and including all other <br /> indebtedness of said City, howsoever evidenced and incurred, does not <br /> exceed any constitutional or statutory limitation, and that provision <br /> has been made for the collection of a direct annual tax, in addition <br /> to all other taxes, on all of the taxable property in said City <br /> sufficient to pay the interest hereon as the same falls due and also <br /> to pay and discharge the principal hereof at maturity. <br /> This bond is subject to re�istration as to principal in the <br /> name of the holder on the books of the City Treasurer, such registra- <br /> tion to be evidenced by notation of such Treasurer on the back hereof, <br /> and after such registration no transfer hereof, except upon such books <br /> _7_ <br />
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