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5390 PROVIDING FOR BORROWING MONEY AND ISSUING BONDS OF THE CITY OF DECATUR, TO THE AMOUNT OF $2,600,000
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5390 PROVIDING FOR BORROWING MONEY AND ISSUING BONDS OF THE CITY OF DECATUR, TO THE AMOUNT OF $2,600,000
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10/25/2016 1:15:45 PM
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Resolution/Ordinance
Res Ord Num
5390
Res Ord Title
PROVIDING FOR BORROWING MONEY AND ISSUING BONDS OF THE CITY OF DECATUR, TO THE AMOUNT OF $2,600,000 FOR THE PURPOSE OF PAYING THE COST OF IMPROVING AND EXTENDING THE EXISTING SYSTEM OF SURFACE WATER DRAINS
Approved Date
11/23/1970
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, . ' . <br /> registered. No bond so registered shall be sub�ect to transfer ex- <br /> cept upon such books and similarly noted on the back thereof unless <br /> the last registration sha.11 have been to bearer. Such registration <br /> of any of said bonds shall not, however, affect the negotiability of <br /> the coupons attached to said bonds, but sueh coupons 8ha11 continue <br /> transferable by delivery merely. <br /> Section �+. That each of said bonds and the interest <br /> coupons to be thereto attached shall b� in substantially the <br /> following form� <br /> (Form of Bond) <br /> UNITED STATES OF AMERICA <br /> STATE OF ILLINOIS COUNTY OF MACON <br /> CITY OF DECATUR <br /> SURFACE WAT£R DRAINAGE SYSTEM BOND <br /> Number $5,000 <br /> KNOW ALL ME1V BY T�E PRESENTS, that the City of Decatur, <br /> Macon County, Illinois, hereby acknowledges itself to owe a,nd for <br /> value received, promises to pay to bearer, or if this bond be regis- <br /> tered, then to the registered holder hereof, the sum of FNE THOUSAND <br /> DOLLA.RS ($5,000) on the first day of Janua,ry, 19�, to�ether with <br /> interest on said sum from the date hereof until paid at the rate of <br /> per cent ( �d) per annum, payable on <br /> July 1, 1971, and semiannually thereafter on the first days of <br /> January and July in each year, and until maturity, upon presentation <br /> and surrender of the respective interest coupons hereto attached as <br /> they severally become due and payable. <br /> Both principal and interest are hereby made payable in <br /> lawful money of the United Sta.tes of America at The First <br /> Na�ional Bank of Chicago, ,in the City of Chicago, <br /> Illinois . , <br /> For the prompt payment of this bond, both principal and <br /> interest, as aforesaid, at maturity, and the levy of taxes suffi- <br /> cient for that purpose, the full faith, credit and resources of <br /> -�- <br />
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