1993-090ORDINANCE NO. 93 -90
AN ORDINANCE AMENDING THE INDENTURE OF TRUST
RELATING TO COUNTY LINE PARTNERS PROJECT AND
MAKING APPOINTMENTS IN REGARD THERETO.
WHEREAS, the Village of Buffalo Grove, Illinois (the
"Village ") on December 17, 1984 adopted a bond ordinance
authorizing the issuance of its $6,000,000 Economic Development
Revenue Bonds (County Line Partners Project) (the "Bonds "); and
WHEREAS, the Village has approved Four Amendments which
each have provided for early payment of principal on the. Bonds; and
WHEREAS, the Bonds will be remarketed on December 1, 1993
and County Line Partners (the "Borrower ") has requested the Village
to amend certain provisions of the original Indenture of Trust (the
"Indenture ") dated as of December 1, 1984 between the Village and
American National Bank and Trust Company of Chicago, as trustee
(the "Trustee ") , in order to clarify said provisions and provide
for early payment of principal on the Bonds; and
WHEREAS, it is necessary and proper for the interests and
convenience of the Village and its inhabitants to authorize such
amendments; and
WHEREAS, the Village has caused to be prepared and pre-
sented to this meeting the First Supplemental Indenture of Trust
dated as of November 1, 1993 (the "First Supplemental Indenture ")
between the Village and the Trustee which the Village proposes to
enter into; and
WHEREAS, the Borrower has requested the Village appoint
William Blair & Company as Indexing Agent and Remarketing Agent in
regard to the Bonds.
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NOW, THEREFORE BE IT ORDAINED BY THE VILLAGE PRESIDENT
AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COUNTIES OF
COOK AND LAKE, STATE OF ILLINOIS, AS FOLLOWS:
Section 1. That the form, terms and provisions of the
proposed First Supplemental Indenture be, and it hereby is, in all
respects approved, and that the Village President and the Village
Clerk be, and they are hereby authorized, empowered and directed to
execute and deliver such instrument in the name and the behalf of
the Village and that the First Supplemental Indenture is to be in
substantially the form thereof submitted to this meeting and hereby
approved, with such changes therein as shall be approved by the
officials of the Village executing the same, their execution
thereof to constitute conclusive evidence of their approval of any
and all changes or revisions therein and from and after the
execution and delivery of such instrument, the officials, agents
and employees of the Village are hereby authorized, empowered and
directed to do all such acts and things and to execute all such
documents as may be necessary to carry out and comply with the
provisions of such instrument as executed.
Section 2. That from and after the execution and delivery
of said document, the proper officials, agents and employees of the
Village are hereby authorized, empowered and directed to do all
such acts and things and to execute all such instruments as may be
necessary to carry out and comply with the provisions of said
document as executed and to further the purposes, and intent of
this Ordinance, including the preamble hereto.
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Section 3. That William Blair & Company is hereby
appointed as Indexing Agent pursuant to Section 925 of the
Indenture and as Remarketing Agent pursuant to Section 916 of the
Indenture.
Section 4. That the provisions of this Ordinance are
hereby declared to be separable, and if any section, phrase or
provisions shall, for any reason, be declared to be invalid, such
declaration shall not affect the validity of the remainder of the
sections, phrases or provisions.
Section 5. That all ordinances, resolutions, orders or
parts thereof in conflict with the provisions of this Ordinance
are, to the extent of such conflict, hereby superseded.
Section 6. This Ordinance shall be in full force and
effect from and after its passage and approval, in accordance with
law.
PASSED this 15th day of November, 1993.
Ayes: 5 - Marienthal, Reid Rubin Braiman, Hendricks
Nays: 0 - None ABSENT- 1 - Kahn
APPROVED this 15th day of Novembei
ATTEST:
�nn
p' 21Ab-YjjAa'
Vill e Clerk
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VILLAGE OF BUFFALO GROVE
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ORDINANCE NO. �� U
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ADOPTED BY THE PRESIDENT
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AND BOARD OF TRUSTEES OF THE VILLAGE;
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OF BUFFALO GROVE_ /
THIS DAY OFU`t/ , 19
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Published in pamphlet form by authority of the;
President and Board of Trustees of the Village
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of Buffalo Grove, Cook & Lake Counties, Illinois,
this day of ZZ 1
,
Village Clerk
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Bye
eputy Village Clerk
"E
ORDINANCE NO. 93 -90
AN ORDINANCE AMENDING THE INDENTURE OF TRUST
RELATING TO COUNTY LINE PARTNERS PROJECT AND
MAKING APPOINTMENTS IN REGARD THERETO.
WHEREAS, the Village of Buffalo Grove, Illinois (the
"Village ") on December 17, 1984 adopted a bond ordinance
authorizing the issuance of its $6,000,000 Economic Development
Revenue Bonds (County Line Partners Project) (the "Bonds "); and
WHEREAS, the Village has approved Four Amendments which
each have provided for early payment of principal on the Bonds; and
WHEREAS, the Bonds will be remarketed on December 1, 1993
and County Line Partners ( the "Borrower") has requested the. Village
to amend certain provisions of the original Indenture of Trust (the
"Indenture ") dated as of December 1, 1984 between the Village and
American National Bank and Trust Company of Chicago, as trustee
(the "Trustee "), in order to clarify said provisions and provide
for early payment of principal on the Bonds; and
WHEREAS, it is necessary and proper for the interests and
convenience of the Village and its inhabitants to authorize such
amendments; and
WHEREAS, the Village has caused to be prepared and pre-
sented to this meeting the First Supplemental Indenture of Trust
dated as of November 1, 1993 (the "First Supplemental Indenture ")
between the Village and the Trustee which the Village proposes to
enter into; and
WHEREAS, the Borrower has requested the Village appoint
William Blair & Company as Indexing Agent and Remarketing Agent in
regard to the Bonds.
NOW, THEREFORE BE IT ORDAINED BY THE VILLAGE PRESIDENT
AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COUNTIES OF
COOK AND LAKE, STATE OF ILLINOIS, AS FOLLOWS:
Section 1. That the form, terms and provisions of the
proposed First Supplemental Indenture be, and it hereby is, in all
respects approved, and that the Village President and the Village
Clerk be, and they are hereby authorized, empowered and directed to
execute and deliver such instrument in the name and the behalf of
the Village and that the First Supplemental Indenture is to be in
substantially the form thereof submitted to this meeting and hereby
approved, with such changes therein as shall be approved by the
officials of the Village executing the same, their execution
thereof to constitute conclusive evidence of their approval of any
and all changes or revisions therein and from and after the
execution and delivery of such instrument, the officials, agents
and employees of the Village are hereby authorized, empowered and
directed to do all such acts and things and to execute all such
documents as may be necessary to carry out and comply with the
provisions of such instrument as executed.
Section 2. That from and after the execution and delivery
of said document, the proper officials, agents and employees of the
Village are hereby authorized, empowered and directed to do all
such acts and things and to execute all such instruments as may be
necessary to carry out and comply with the provisions of said
document as executed and to further the purposes, and intent of
this Ordinance, including the preamble hereto.
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Section 3. That William Blair & Company is hereby
appointed as Indexing Agent pursuant to Section 925 of the
Indenture and as Remarketing Agent pursuant to Section 916 of the
Indenture.
Section 4. That the provisions of this Ordinance are
hereby declared to be separable, and if any section, phrase or
provisions shall, for any reason, be declared to be invalid, such
declaration shall not affect the validity of the remainder of the
sections, phrases or provisions.
Section 5. That all ordinances, resolutions, orders or
parts thereof in conflict with the provisions of this Ordinance
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are, to the extent of such conflict, hereby superseded.
Section 6. This Ordinance shall be in full force and
effect from and after its passage and approval, in accordance with
law.
PASSED this 15th day of November, 1993.
Ayes: 5 - Marienthal, Reid Rubin Braiman, Hendrirkc
Nays: 0 None ABSENT• 1 - Kahn -
APPROVED this 15th day of Novembei
ATTEST:
Vill"ate Clerk
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