HomeMy WebLinkAbout29905 / 78-22��nber 21, 1978 #?2 RFSO�JTION
i4i�re wi11 b� a Fin�il Fc-y�lu�on to issue $380,00�.00 City of Osnkosh,
Wisrnrsi<i irit�ttri.al l�:velopment R�v�ue B�nds, Seri�s A(Lis'czl� Irroest*�nts
Pro i:�.�t) .
SUD?�!ITTED B:
- 22 -
�- ' ne1122078
CITY COUNCIL
OF THE
CITY OF OSHKOSH
RESOLUTION NU. � �
BOND RESOLUTIO� AUTHORIZING
$380,000
CITY OF OSHKOSH, WISCONSIN
INDOSTRIAL DEVELOPMENT REVENUE BONDS,
SERIES A
(LISKAR INVESTMENTS PROJECT)
WHEREAS,
"Municipality"), is
and exis[ing under
of Wisconsin and is
S[a[utes, as amende
as the "Act"), [o:
the City o£ Oshkosh, Wisconsin (the
a municipal corporation organized
and pursuant [o the laws of [he State
authorized by Section 66.521 Wisconsin
d (hereinafter sometimes referred to
(a) issue industrial development revenue
bonds to finance all or any part of the
costs of the construction, equipping,
reequipping, acquisition, purchase,
installation, reconstruction, rebuilding,
tehabilitation, improving, supplementing,
maintaining, repairing, enlarging, extending
or remodeling of a project which qualifies
�nder the Act and the improvement of [he
�ite therefor; and
(b) enter into a revenu� agreement with an
eligible participant pursuant to which
che eligible participant agrees to cause
said projecC to be construc[ed and to pay
[he Municipality an amount of funds sufficient
to provide for the promp[ payment when due
of the principal of and interest on said
industrial development revenue bonds; and
WHEREAS, Liskar Investments, a limited partnership
formed under the laws of the State of Wisconsin (the "Borrower"),
has here[ofore requested the Municipality to issue industrial
development revenue bonds to finance a project on behalf of
tbe Borrower as an eligible participant under the AcC; and
WHERF.AS, this body has heretoEore found and determined
that said project consisting of land, a buildinR of approxima[ely
16,000 square fee[ and fix[ures for [he purpose of manufacturing
flexible packagin� products (hereinafter called the "Project") is
a qualified "project" wi[hin the meaning of the Ac[ and [hat the
Borrower is an "eligible par[icipant" within the meaning of the
Act; and
WHERSAS, on July 20, 1978, this body adopted an initial
resolution pursuant [o the Ac[ wherein it was resolved that the
Municipality would issue industrial development revenue bonds to
finance the Project, subject however, to the satisfaction of
certain conditions including the approval by this body of the
terms of the bonds and the revenue agreement described in said
initial resolution; and
WHEREAS, on July 24, 1978, notice of the adoption
of the initial resolution was published in accordance with
Section (1�) of the Act, and no sufficient peti�ion has been
filed with the Clerk requesting a referendum on the question of
the issuance of said indus[rial development revenue bonds;
and
WHEREAS, the Borcower has now [equested that ihe Munici-
pality provide for the issuance of $380,000 principal amount of
industrial development revenue bonds upon the terms set forth in
this Resolution (as herein described, the "Series A Bonds"); and
WHEREAS, in connection therewith the Borrowet has
presented the Municipality with proposed documentation for the
Se_ries A Bonds, as foliows:
(a) a Bond Purchase Agreement, to be dated as of the
date of adoption of this Bond Resolution (the
"Bond Purchase Agreement"), to be entered into
by and among the Municipality, the Borrower,
Banner Yackaging, Inc., a Wisconsin corporation,
Ronald E. Sowle and Frank J. Kearny, III, indi-
viduals residing in the State of Wisconsin (the
"Guarantors"), and [he various institutional in-
ves�ors identified therein, setting forth the
terms and conditions on which the Municipali[y
will sell and said investors will purchase the
Series A Bonds; and
(b) an Indenture of Trus[, [o be da�ed as of
December 1, 1978 (the "Indenture"), to be
entered into between the Municipality and
the corporate trustee hereinafter designated
(the "Trustee"), providing for the creation
of the Series A Bonds, the tetms thereof
and the security therefor; and
-2-
(c) a Loan Agreemenc, to be da[ed as of Decem-
ber 1, 1978 (the "Loan Agreement"}, to be
en[ered into between the Municipali[y and
the Borrower providing for a loan of the
Series A Bond proceeds Co the Borrower
on repayment [erms scheduled to provide
the Municipali[y with revenues sufficient
to retire the Series A Bonds in accordance
wi[h their terms; and
(d) a Promissory Note, to be dated December 1,
1978 (the "Promissory Note"), [o be issued
by the Borrower payable to the order of the
Municipality i❑ the principal amount of
$380,000 as evidence of the borrowing pro-
vided for in the Loan Agreement and to be
andigned by the Municipality to the TrusCee;
(e) a hlortgage, to be dated as of December
1, 1978 (the "Mortgage"), from the
Borrower to the hlu�icipality, and from
the Municipality to be assigned Y.o the
� Trustee, providing colla[eral security
for the performance of the Borrower's
andigations under the Loan Agreement;
(f) two Guaranty Agreements, dated as of
December 1, 1978, from �he Guarantors
to the Trustee.
WHEREAS, in accordance with the Act, this Resolution
and [he aforesaid instruments and documents, the Series A Bonds
and interest thereon shall nevec constitute an indebtedness of
the Municipality within the meaning of any State constitutional
provision or statutory limitation and shall not constitute or
�ive rise Co a pecuniary liability of the Municipality or a
charge agains[ its general credit or taxing powers; and
WHEREAS, it is in the public interest of the Municipality
to encourage and promote the development of projects such as the
Project in order to realize public benefits such as, but not
limited to, the provision and retention of gainful employment
opportunities for the citizens of the Municipality; the stimula-
tion of [he flow of investment capital into the Municipality
wi[h resultant beneficial effects on the economy in the Muni-
cipality; and the preservation and enhancement of the Munici-
palicy's tax base; and
-3-
�
Lv1lEREAS, the develops,ent of the Pro}ect and [he
issuance of Bonds to finance �he Project as herein recited
will, in the judgment of this body, serve the in[ended accom-
plishments of public purpose and in all respects conform to
the provisions and requirements of the Act;
NOW, THEREFORE, BE IT RESOLVEll:
1. Findin s and Deter�ninations. It has been found
and determined an is heteby dec are :
(a) that the Project is a qualified "project"
under and for the purposes of the Act;
(b) that the Borrower is a qualified "eligible
patticipant" under and for purposes of
Che Act;
(c) that the Loan Agreement meeCS t_he require-
ments of a"reve�ue agreemenC" under and
for purposes of the Act;
(d) that the estimated aggregate cost of providing
the Project and paying the costs incident to
the financing is not less Chan $380,OU0; and
(e) that [he payments required to be made by
the Borrower undez the Loan Agteement are
sufficient in amount to pay when due the
principal of, premium, if any, and i�terest
on the Series A Bonds.
2. Authotization to Borrow and to Lend. The hlunici-
pality shall borroca, ut only in t e manner erein recited, Yhe
sum of $380.,000 for the purpose of (i) financing the costs
of providing [he Project, (ii) paying the costs of issuing
and selling the Series A Bonds, and (iii) paying such other
costs related thereto as are permitted to be paid with bond
proceeds under the Act. Said borrocving shall be accomplished
through the sale of the Series A Bonds issued purs�ant to the
Act. The Municipality shall lend the sum of $380,000 to the
Borrower pursuant to the terms of the Loan Agreemenc., which
borrocaing shall be evidenced by the Yromissory Note and secured
by the MorCgage.
3. Designation, Deno�inacion, Tenor and hlaturity of
Series A Bonds Created for Issuance. The Series A Bonds
sha 1 e issued in the priacipal amount of $380,000 and shall
be designated:
CITY OF OSHKOSH, WISCONSIN
IP7DUSTRIAL DEVELOP�tENT REVENUE BOtJDS, SERIES A
(LISKAR IhVESTMENTS PROJECT)
-4-
_ ;
The Series A Bonds sha11 bear interest from [heir
date at [he rate of eight percent (8%) per annum and shall
be payable in 300 consecutive monthly installments of prin-
cipal and in[erest each in Lhe amount of $2,933.00, except
Chac the amount of the final payment shall be the entire
remaining principai balance plus accured and unpaid in[eres[,
commencing January 1, 1974, and continuing on [he first day of
each month thereafter through and inciuding December 1, 2003.
Each monthly payment shall be applied fitst to interest then
due and secondly to principal.
The Series A Bonds shall be issuable as fu11y regis-
tered typewritten bonds without coupons in denominations of
$5,�00 or any integral multiple thereof and may cover
multiple matucities. Fully registered Series A Bonds and
the interest thereon shall be transferable by and shall be
payable to the registered owners thereof in the manner
and with the effect provided in the Indenture. The principal of,
premium, if any, and interest on the Series A Bonds shall be
payabie in lawful maney of [he United States of America at the
principal corporate trust office of the Trustee, as paying agent,
or the office of any successor or additional paying agent desig-
nated by the Municipality and approved by the Sorrower.
The Series A Bonds shall be da[ed December 1,,1978.
Fully registered Series A Aonds without coupons shall be lettered
with the prefix "R" and consecu[ively from 1 upwacds in the order
o� their issuance.
The Series A Bonds shall be issued in the respective
form therefor as set forth in the Indenture, with such insertions
therein as shali be necessary to comply with the terms of this
Resolution and with such corrections therein, if any, as the
approving bond at[orney may require for conformity with the terms
of this Resolu[ion, the Indenture and the Act.
4: Execucion and Authentication of Series A Bonds.
The Series A Bon s shall e execute on e a o t e Munici-
pality with the Eacsimile or manual signature of its City Manager,
countersigned with [he manual signature oE its Clerk and shall
have impressed, imprinted or ochercaise reproduced thereon the
official seal of the Municipality or a facsimile thereof. No
Se�ies A Bond shall be issued unless first authenticated by [he
Trustee, [o be evidenced by the manual signature of an authorized
officer of the Trustee o❑ each Series A Bond.
5. Desi naCion of Trustee. The Municipality hereby
designates and appoints First isconsi❑ National Bank of 0>hkosh,
Oshkosh, Wisconsin, to perform the functions of [he Trustee bond
registrar and paying agent under the Indenture.
-5-
6. Additional Bonds. Bonds in addition to the Series
A Bonds may be tssue rom [ime to time under [he Indenture
subject to the terms and conditions cherein provided and subject
[o [he approval of this body. If so issued, such additional
Bonds shall rank equally and on a parity with the Series A Bonds.
The Series A Bonds and any such additional Bonds are hereinaftet
collectively referred to as the "Bonds".
7. Series A Bonds as Limited Obliga-tions. The Series A
Bonds and interes[ [hereon shall never be or be considered a
general obliga[ion of Che Municipality or an indebtedness of the
MunicipaliCy within the meaning of any State constitutional
provision or statutory limitation and shall not constitute or
give rise co a pecuniary liabiLity of the Municipality or a
charge against its general credit or taxing powers.
8. Source of Payment; Pledge of Revenues. The
Series A Bonds sha11—�mited o�ligations o� the Municipality
payable by it solely fcom revenues consisting of (i) income and
revenue derived by or for the account of the Municipality from
or for the account of the Borrower pursuant "to the terms of
[he Promissory Note and the Loan Agreement (except certain
taxes, expenses and indemnity payments which may become due
[o the Municipality), (ii) all net proceeds realized upon
recourse to the Mortgage and any other collateral given to
secure the Borrower's obligations under the Loan Agreement,
and (iii) mo�eys held in [rust funds created under the
Indenture.
As secuiity for the payment of the principal of, pre-
mium, if any, and interest on the Bonds, the Municipaiity shall
pledge and assign to [he Trustee all of its right, titie and
interest in and [o [he Promissory No[e, the Loan Agreement (ex-
cept for its righ[s to receive and enforce payment of certain
taxes, expenses and indemnity payments from the Borrower as set
forth in [he Indenture and the Loan Agreement), the Mortgage and
the �rust funds held by the Trustee under the Indenture.
Red
ri
The Series A Bonds sha11 be subject [o
maturi[y as provided in �he Indenture
onds Prior to Maturit
re emption prior to
and summarized below:
(a) Mandator Redem tion in Event of Tax Violation.
The Series A Bon s s ai e su ject [o man atory
redemp[ion in whole upon [he occurrence of a
"taxable event" (relating to interest on the
Seties A Bonds) as defined in the Indenture at
100% of principal amo�nt, plus accrued interest
to the redemp[ion date.
(b) Optional Redemption. The Series A Bonds shall be
subjec[ to redemption by the Piunicipality (at the
�
direction of che Borrower) in whole at any time
or in part in inverse order of maturity and ra[ably
amoung Series A Bonds within a ma[urity on any
interest payment date at a redemption price of
100% of the principal amount of the Series A
Bonds so redeemed, plus accrued interest to [he
redemption date.
Notice of any redemption of Series A Bonds prior [o stated
ma[uri�y shall be given in the manner provided in the Indenture.
The principal of, premium, if any, and interest on Series
A Bonds called for redemption as aforesaid shall be payable
solely from moneys held by the Trustee under the Indenture and
available therefor, including moneys derived from the Borrower
for such purpose pursuant to the Loan Agreement.
10. Creation of the Construction Fund. There is
hereby created y the Municipality an ordered established
wi[h the Trustee, a trust fund to be designated with the names
of the Municipality and the Borrower which shall be used [o
pay (or reimburse the Borrower for) the costs of providing the
Project and such other costs in connection with the Project
and the issuance and sale of the Series A Bonds as are permitted
to be paid from the proceeds of the Series A Bonds under the Act,
[he Loan Agreement and the Indenture. There shali be deposited
in said Cons[ruction Fund the entire proceeds received upon
sale of the Series A Bonds less the portion thereof co�sti-
[uting accrued interest. The Municipality hereby authorizes and
directs the Trustee [o withdraw funds from said Construction Fund
for disbursement to or at the order of [he Borrower pursuant to
requisition of the Borrower as provided in the Indenture and Loan
Agreement.
11. Creation of Bond Fund. There is hereby created
by the Municipality an ordered established with the Trustee,
a[rust fund to be designated with the names of the Munici-
pality and the Borrower which sha11 be used [o pay the principal
of, premium, if any, and in[erest on the Bonds. The Municipality
hereby authorizes and directs the Trustee to withdraw sufficienL
funds from said Bond Fund to pay the principal of, premium, if
any, and interest on [he Series A Bonds as the same become due
and payable.
12. Other Tr�st Funds. There is hereby created
by the Municipality an ordered established, if necessary,
with [he Trus[ee funds in which there shall be deposited such
net proceeds of cer[ain sales, insurance and condemnation awards
as may be provided in the Loan Agreement and the Indenture.
The Trustee is au[horized to wi[hdraw funds from said trust
funds for application as provided in the Loan Agreement and the
Indenture.
-7-
13. Investment of Trust Funds. Any moneys held
aG a p+�rt oC [he trust �1s lield by the Trustee under [he
]ndenture hereoC mr�y be inves�e� �nd reinvested by lhe Trustee
upon request by [he Borrower in (i) securities which are direct
general obligations of the Uni�ed States of America, (ii)
securities which are unconditionally guaranteed as to both
principal and interest by the United States of America, (iii)
obligations of any of the following: Banks for Cooperatives,
Federal Financing Bank, Federal Land Banks, Federal Home Loan
Banks, Federal Intermediate Credit Banks, Federal National Mort-
gage AssociaCion, Export Impoct Bank of the United States or
Government National Mortgage Associatio�, (iv) bank repurchase
agreements fully secured by obligations of the United States of
America, and (v) inteces[-bearing accoun�s, time deposits and
certificates of deposit issued by any bank, trust company or
national banking association (including the Trustee) which has
aggregate capital, surplus and undivided profits in excess of
$500,00�, but in no event shall the amount invested at any one
time in interest-bearing accounts, time deposits or cer[ificates
of deposit of any particular bank, trust company or national
banking associa[ion equal or exceed 20% of the capital, sur¢lus
and undivided profits of such bank, [rust company or na[ional
banking association.
14. Determination of Revenue Pa ment. The amount
necessary in eac�i year to pay the principal o, premium, if
any, and interest on [he Series A Bonds is the sum of (i)
the amount of principal becoming due in such year in accordance
with paragraph 3 of this Resolution (as reduced from time to time
by reason of prior redemptions and open market purchases of
Series A Bonds in accordance wi[h the Indenture); plus (ii) the
principal amount of Series A Bonds to be redeemed in such year in
accordance with a call for redemption made in accor.dance with
paragraph 9 of this Resolution and the Indenture, plus [he
premium, if any, payable with respect thereto; plus (iii) the
amount of interest on the Series A Bonds becoming due in s�ch
year in accordance with the interesC rates specified in paragraph
3 of [his Resolution.
In expressing the Borrower's obligation to make the
necessary revenue payments, it shall suffice herein and in
the Loan Agreemen[ �o state that [he Borrower sha11 be obligated
Co pay the Municipality (or �he Trustee for the account of the
Municipality) amounts sufficient to pay when due the principal
of, premium, if any, and interest on the Bonds.
The Loan Agreemen[ contains provisions, adequate
in the judgment of this body, requiring the Borrower to provide
for the maintena�ce of the Project and the carrying of all
proper insurance with respect thereto. Consequently, the
Borrower need no[ be required to pay amounES into any reserve
�:3.'
i
funds for [he retiremen[ of the Series A Bonds or for the
maio[enance of the Project.
15. Award of 5eries A Bonds; Execution and Deliver
of [he Bond Purc aT se A�reemen[. T e Borrower as negotia[e or
[he sale o-�[�e Secies A Bonds Co the institutional investors
designated in [he Bond Purchase Agreement (the "Bond Purchasers")
a[ a price of 100% of the principal amqunt of the Series A
Bonds, plus accrued interest to t6e date of delivery. Given the
purposes of [he financing and [he involvement of the Municipality
[herewith, it is the determination of this body that the Series A
Sonds shall be hereby awarded to the Bond Purchasers at the price
aforesaid with delivery to follow in the manner, at the time and
subject to the conditions set foTth in the Bond Purchase Agreement.
As evidence thereof, the City Manager and the Clerk are hereby
authorized and directed for and in the name of the Municipality
[o execute, affix with the official seal of the Municipality and
deliver Che Bond Purchase Agreement in the £orm presented here-
wi[h, or with such insertions t6erein or corrections thereto as
shall be approved by the City Manager and Clerk consistent with
this Resolution and the terms of the Act, theic execution thereof
[o cons�i[ute conclusive evidence of their approval of any such
insertions and corrections.
16. Execution and Deliver of [he Loan A reement
and the Indenture; Assi nment o the Promissor Note and the
Mortgage. The terms an provisions of t e Promissory Note, the
Loan Agreement, the Mortgage, the Guaranty Agreements and the
Indentuce are hereby approved. The City Manager and the Clerk
are hereby authori2ed for and in the name of the Municipality [o
execu[e, affix with the official seal of the Municipality and
deliver the Loan Agreement, the Indenture and the assignments of
the Promissory Note and the hiortgage in the respective forms
thereof presented herewi[h, or with such insertions therein or
corrections thereto as shall be approved by the City Manager and
Clerk consistent with this Resolution and the terms of the Act,
thei[ execution thereof to constitute conclusive evidence of
their approval of any such insertions and corrections.
17. Execution and Delivery of the Series A Bonds.
The City Manager and the Clerk are hereby authorized for and
in the name of the Municipality to execute the Series A Bonds
in �he manner authorized by paragraph 4 of [his Resolution.
Subject to the [erms and conditions of the Bond Purchase Agree-
men[, the Municipality shall deliver [he Series A Bonds [o the
Bond Purchasers.
18. General Authorizations. The Ci[y Manager and the
Clerk and the appropriate eputies and officials of the Munici-
pality in accordance wi[h [heir assigned responsibili[ies are
hereby each authorized �o execute, publish, file and record
�
such other documents, instrumer.�s, notic�s (including notice
pursuant to Wis. Stats. �893.23) and recor�s and to take �ch
other actions as sha11 be necessary or desirable to accotc:.:.ish
the purposes of this Kesolution and to comply with and periorm
the obligations of the Municipa.lity under the Series A Eonds,
the Loan AgreemenG and the Indenture.
In the eve�t that the City Manager or the Clerk shall be
unable by reason of death, disability, absence or vacancy o£
o�fice to p2rfor� in timely fasY�io� any of the duties sgecified
herein (such as Ehe execution oi Series A Bonds, Che �onu
P��rchase Agreement, the Loan Agree�ant, the Indentur.e or [he
assi.gnmer.�s of the Promissory Note and the hSortga;e), such
du�ies s5?11 b� performed by [he oifieer or offici.:L succeeding
to such duties in accord�nce with la�o and in the ordinances of
the Municipality.
19. Effective Date; Confoimity. This Resolution
shall be effective imme zate y upon its passage and approval.
To the extent that any prior resolutions of this body are
inconsistent with the provisions he.reoi, this Resolution shall
control and such prior resolutions shall be �eesed amended
to such extent as may be necessary to bring them in conformity
with this Resolution.
* � � * r
The fc�regoing resolu�ion of the City Council of
the City o� Oshkosh, Wisconsin was adopted, approved and
reCOrded on December 21� 197�
/�'� r �! �tcw�
- City N;anG�er !�
:
/�, 4
� - . � � �12TF�.i����{-'�-��/��/ , . '
1
..10_
CERTIFICATTONS BY CLERK
I, Converse C. Marks, being first duly sworn, do
hereby deoose and certify that I am the duly appointed, qualified
and ac[ing Clerk of the City o£ Oshkosh, in the County of.Winne-
bago, State of Wiscons�n, and as such I ha.ve in my.possession, or
have access to, the complete corporate records of said City and
of its City Council; that I have carefully comoared the transcript
hereto 2�tached �aith the afoLesaid corporate records; that said
transcript hereto attached is a true, correct and complete copy
of all the corporate records in relation to the adoption of
Resolution No. 22 entitled:
BOND RESOLUTION AUTHORIZING
$380,000
CITY OF OSHKOSH, G7ISCONSIdd
INUUSTIZIAL DEVELOPh1ENT P,EVENUE BONDS,
SERIES A
(LISKAR INVESTi�ENTS PROJECT)
I do hereby further depose and certify as foll.ows:
1. Said resolution was considered for adopCion
by the City Couecil at a meeting held in the CiCy Hall at
7:00 P.M. on Uecember 21, 1978. Said meeting was a regular.
meeting of the City Council and was heid in open session in
coc:,>lia�ce with 5ubchapter IV of Chapter 19 of Che 4lisconsin
Statutes.
2. Said cesolution ���as on the aUenda for said meeting
and pubiic notice thereof «as �iven no[ le�s tF�an 2L} hours prior
to the co�:mencement of said mee�ing in complia;:ce iaith Section
19.54 of the j�:isconsin S[ai_��tes, incl_uding, cvithout limitatio�,
by postir� on Lhe bulletin board in the CiY.y Hall, by notic^ to
those news media wno have filed a written request for notice of
meetings and by notice �o the offfcial ne�aspaper of the City.
3. Said meeting tiaas called to crder by Councilparson
schiefelbein who chaired the neeting. Upon ro'1 I ttoted �^.ad
recor�� that the follocaing Councilpersons erere presenG:
Don H. I:UTCHERA, Jam�s A, t4AiIIER, Ke;hleen M.
PROYP, ,}'<ob2rt E. YUI�TG, Fe:nice TEICiiS`-3LLER;
y^ K.en P. SCrIF.:"�LBEII3
and [I�:t tne following Councilpersons were abs�nt:
Geor�e N. Slii;;TOCk (1)
I noted a^d recorded tha[ a quocum 4;as present. Var-ious matters
and busi„ess were taken up during th� course o� the meeting
-�-
tvithout intervention of any closed session. One of the matters
taken up was said resolution which i�as introduced and its adop�-
tion was moved by Councilperson Kutchera , and seconded by
Councilperson Fol�ing discussion and after al.l
Councilp�tsons wh��to da so hac� expresscd their views for
or agains[ said resolution, the question cYas called and upon rol.l
being ca'_led and the continUed presence of a quor.um being noted,
the recorded vote was as follocas:
Ayo; KUTCHERS,. MATHER, PP.OPP, PUNG,
T�. I C ii T4 7I TwE I2 .,_� r 1( I E FF. r, B F� I N---S-�i—`--
Nay:
Abstain:
Whereupon the Council President declared said r.esalution adoptec3,
and I so recorded it.
IN t,IITNESS T�iEREOF, I have signed t�y name and affixed
the seal of the City hereto on this 21 da� o£ December ,
19 Z8. — -----
[Municipal Seal] ���.�=�' %� ' �
Glerk -��''�
STAfiE OF i?ISCONSIN )
) SS
COUNTY OF i�]INC;EBAGO )
Subscribed and scaorn to before �e [his day, the
daLe last above Written.
NoCar�� Yub�;,c�
My c ay �;'sRr����,r�pires: �Q
[No
pV 8 LlG
-i!- I
N
N
�
�fJ
G�
0
!�
� �
� �
[�' v
+i •
4-a VI v]
'� N
,'� O d
O A
a� a �
cd O N
O 'O ri
O o d S�
N o c�
o �a
� o E c�
o co
•a m
��
� �
r+ a� o
o � ,�
V] VI J �
N V] O
fZ a-1 �
�
ti
�
� �\ �
ri 7
N \ ,�
F
N �ri
.fl i �_ � p
a�i �� �,
U 1>
N �ri
q U