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� • \ / • �K <br /> • ,r`y!k�;;t.. <br /> � ,��������i <br /> ORDINANCE NO. � ( <br /> ORDINANCE AUTHORIZING THE ISSUANCE AND <br /> SALE OF �1,850,000 POLLUTION CONTROL REVENUE <br /> BONDS, SERIES 1984 (A. E. STALEY CO!ViPANY <br /> PROJECT) OF THE CITY OF DECATUR, MACON <br /> COUNTY, ILLINOIS; AUTHORIZING THE EXECUTION <br /> AND DELIVERY OF A LOAN AGREEMENT BY AND <br /> BETWEEN SAID CITY AND SAID COMPANY; AUTHO- <br /> RIZING THE EXECUTION AND DELIVERY OF AN <br /> INDENTURE OF TRUST IN CONNECTION WITH SAID <br /> HONDS; AUTHORIZING THE EXECUTION AND DE- <br /> LIVERY OF RELATED DOCUMENTS; AND RELATED <br /> 1�1ATTERS. <br /> WHEREAS, the City of Decatur, Macon County, Illinois (the "Issuer") is a <br /> political subdivision and a home rule unit of government under Section 6(a) of Article VII <br /> of the 1970 Constitution of the State of Illir.ois; and <br /> WHEREAS, as a home rule unit and pursuant to Ordinance No. 5768, duly <br /> adooted by the City Council of the Issuer, as supplemented and amended (the "Act";, the <br /> ; <br /> Issuer is authorized to issue its revenue bonds to aid in financing the costs oi "projects", <br /> as defined in the �ct, in order to accomplish the public purposes set forth therein; and <br /> WHEREAS, the Issuer has determined it desirable to finance the cost of the <br /> acquisition, construction and installation of certain pollution control facilities at a waste <br /> pretreatment plant, said facilities to be owned by A. E. Staley Manufacturing Company, <br /> a Delaware corporation (the "Company") and to be located at 2200 E. Eldorado Street, <br /> Decatur, Illinois 62521 (the "Project"); and <br /> WHEREAS, it is now proposed to finance a portion of the cost of the acqui- <br /> sition, construction and installation of the Project through the issuance of the Pollution <br /> Control Revenue Bonds, Series 1984 (A. E. Staley �l�ianufacturing Company Project) of the <br /> Issuer, in the aggregate principal amount of $1,850,000 (the "Bonds") and the loan of the <br /> proceeds thereof to the Company; and <br /> WHEREAS, it is now necessary to authorize the execution and deiivery of a <br /> Loan �greement dated as of December 1, 1984, by and between the Issuer and the <br /> Company (the "Agreement"), under the terms of wnich the Issuer agrees to lend :he <br />