O-82-46ORDINANCE NO. 0 -82 -46
ORDINANCE AMENDING ORDINANCE NUMBER 0 -82 -34
OF THE VILLAGE OF DEERFIELD, ILLINOIS
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF DEERFIELD, ILLINOIS, AS FOLLOWS:
Section 1. Ordinance No. 0 -82 -34 of the Village of
Deerfield, Illinois heretofore adopted by its President and Board
of Trustees on June 21, 1982 and entitled: "Ordinance Authorizing
the Issuance of $500,000 Corporate Purpose Bonds, Series 1982, of
the Village of Deerfield, Illinois ", is hereby amended to the
extent that Section 2 thereof shall read as follows:
"Section 2. Authorization and Terms of Bonds. To meet
Redevelopment Project Costs, there is hereby appropriated
the sum of $500,000, said sum being iriclusive of cost of
issuance of the bonds herein authorized.
For the purpose of financing said appropriation, general
obligation bonds of the Village shall be issued and sold in
an aggregate principal amount of $500,000, and shall be
designated "Corporate Purpose Bonds, Series 1982 ". The
bonds shall be dated October 1, 1982; shall each be of the
denomination of $5,000 and shall be numbered from 1 upwards,
in order of their maturity. The bonds shall mature (without
option of prior redemption) on December 1 in each year shown
in the following table in the respective principal amount
set forth opposite each such year:
Year Principal Amount
1985
$25,000
1986
25,000.
1987
25,000
1988
50,000
1989
50,000
1990
50,000
1991
50,000
1992
75,000
1993
75,000
1994
75,000
The bonds shall bear interest from their date payable
on December 1, 1983 and semiannually thereafter on each June
1 and December 1 at the rates per annum to be determined by
a supplemental resolution of this Board of Trustees. The
bonds shall be payable as to both principal and interest in
lawful money of the United States of America at the principal
corporate trust office of a bank, trust company or national
banking association selected by the original purchaser of
the bonds provided that such bank, trust company or national
banking association is willing to perform the duties of
paying agent for the bonds on terms acceptable to the Village.
In the absence of such designation, the Village President is
hereby authorized and directed to select as paying agent for
the bonds, a bank, trust company or national banking associa-
tion having its principal corporate trust office in the
State of Illinois.
The bonds shall be executed in the name of the Village
by the manual or facsimile signature of its Village President
and the corporate seal of the Village, or a facsimile thereof,
shall be thereunto affixed or otherwise reproduced thereon
and attested by the manual signature of its Village Clerk.
Interest to maturity shall be evidenced by coupons attached
to the bonds, which coupons shall be authenticated by said
Village President with his facsimile signature. No recourse
shall be had for the payment of any bonds against any officer
of the Village who executes the bonds."
Section 2. Publication. The Village Clerk is hereby
authorized and directed to publish this ordinance in pamphlet
form.
Section 3. Effective Date. This ordinance shall
become effective in the manner provided by law.
-2-
Adopted this 20th day of September, 1982 by roll call
vote as follows:
Ayes: Ehlers, Heisler, Seidman, Swanson, York (5)
Nays: Marty. .(1)
-3-
CERTIFICATE
I, Naomi S. Clampitt, Village Clerk of the Village of
Deerfield, Illinois, hereby certify that the foregoing ordinance
entitled: "Ordinance Amending Ordinance Number 0 -82 -34 of the
Village of Deerfield, Illinois," is a true copy of an original
ordinance which was duly adopted by the recorded affirmative
votes of a majority of the members of the Board of Trustees of
the Village at a meeting thereof which was duly called and held
at 8:00 p.m. on September 20, 1982 in the Board Room at the
Village Hall, and at which a quorum was present and acting through-
out, and that said copy has been compared by me with the original
ordinance signed by the Village President, published in pamphlet
form and recorded in the Ordinance Book of the Village and that
it is a correct transcript thereof and of the whole of said
ordinance, and that said ordinance has not been altered, amended,
repealed or revoked, but is in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the seal of the Village this 21st day of September
1982.
Vill ge Cl
(SEAL)
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8/30/82
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