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/ <br /> , ; � <br /> ' ' � <br /> ,� � �,:`' � <br /> w< <br /> r y' <br /> , • �,a .. <br /> � �..0 t,. <br /> ORDI NANC� NO. � ��,.J'• <br /> ORDINAN�CB PROVIDING FOR B4RROWI1�iG �Y A1�ID AUTfARIZING <br /> THB ISSUANGB OF $6,400,000 SURFACE WATER DRAINAGfi SYSTfiM <br /> BONDS� SERIES OF 1975' OF TF� CITY OF USCAZVR� MACON <br /> COUNrY� ILLINOIS� FOR TFE PURPOSE OF PAYING TF� COST OF <br /> CONSTRUCTING ZMPROVEMBNrS AND EXTfiNSIONS TO THB EXISTING <br /> SYS�M OF SURFAC� WATBR DRAINS IId APID FOR SAID CI1Y AND <br /> PROVIDING FOR THE LBVY OF TAXBS FOR �iEPAYl�Nr OF 1� <br /> PRIPACIPAL OF ATID INTBREST C?N SAID BOL�II7S. <br /> ���� ����� ��t��t� <br /> WHERSAS the Cit of Decatur Macon Count Illinois has <br />� � Y s Y> > <br />� a ulatian in excess of 25 000 aad snant to the rovisicros of <br /> PoP . � P� P <br /> Section 6(a) of Article VII o� the 1970 Constitution of the State of <br /> Illinois, said Ciiy is a hc�e rule unit of governmeat; aad, <br /> WHBRBAS, on the lOth day of March, 1975, the Councii of <br /> said City did adopt an ordinance setting forth the prxedures to be <br /> followed in the inctlrring of indebtedness for corporate purposes and <br /> the issuance of bcrads of said City payable frca ad valorem tax xeceipts <br /> without prior referendu� approval, and all in accordance with the per- ' <br /> tinent pYovision: of said Article VII of the 1970 Oonstitution of <br /> illinois, such Ordinance being entitled: <br /> "AN ORDINANCE establishiag proce�ires to be follow�ed <br /> in incnrz�ig indebtedaes� fcr corporate purposes, is- <br /> sning boads to evidenc� such indebtedaea� and anthor- <br /> izing aad directing tbe levqing af taxea, without <br /> Ii�it as tc rate or asc>nnt, for the purpose c� paying <br /> principal aad interest on anch bonds as the saae be- <br /> CO�@ dne.n <br /> and diich said Ordinance is in fu11 foYce and effect; and, <br />