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Resolution #0743RESOLUTION N0. '~~3 A RESOLUTION ADOPTING THE PROVISIONS OF THE INDUSTRIAL PROJECTS REVENUE BOND ACT WHEREAS, the City of Canton, Illinois desires to encourage additional industry within its locale and to that end intends to make available to new and existing industries the benefit of low cost, tax exempt financing through the issuance of Industrial Project Revenue Bonds; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CANTON, ILLINOIS, AS FOLLOWS: (1) The City of Canton, Illinois hereby adopts the provisions of the Industrial Projects Revenue Bond Act, Illinois Revised Statutes, 1975, Chapter 24, Sections 11-74-1 through 11-74-13 (the "Act"). (2) The officers and the employees of this City are hereby authorized and encouraged to do all acts reason- ably required to assist qualified existing and prospective new industry by carrying out all steps needed to facilitate issuance of bonds under the Act. (3) Existing and prospective new industrial companies are encouraged to contact the Mayor of the City, at 210 East Chestnut Street, Canton, Illinois 61520, telephone (309) 647-0065, for further information as to the City's Industrial Projects Revenue Bond Program. PASSED by the City Council of the City of Canton, Illinois and APPROVED by the Mayor thereof this day of 1977. APPROVED : .~~ Harlan E. Crouch, Mayor ATTEST: a cy E. hites, City Clerk