HomeMy WebLinkAbout31-78 RESOLUTION•
RESOLUTION NO. e -'IS
A RESOLUTION APPROVING THE DESIGNATION OF A
TRUSTEE AND PAYING AGENT; AND PRESCRIBING OTHER
MATTERS RELATING THERETO.
WHEREAS, by Ordinance No. 2438 of the ordinances of the
City of Fayetteville, Arkansas (the "City"), passed and approved on
the 18th day of April, 1978 (the "Authorizing Ordinance"), there
were authorized and ordered issued $800,000 in principal amount of
General Obligation Improvement Bonds, dated January 1, 1978 (the
"bonds"), with interest payable semiannually on January 1 and July 1
of each year, commencing January 1, 1979, and with the bonds to
mature on January 1 in each of the years 1981 to 1992, inclusive;
and
WHEREAS, in accordance with the terms of the Authorizing
Ordinance the purchasers have designated Union National Bank of
Little Rock, Little Rock, Arkansas, as Trustee and Paying Agent;
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors
of the City of Fayetteville, Arkansas:
Section 1. That Union National Bank of Little Rock, Little
Rock, Arkansas, is hereby approved and confirmed as Trustee and
Paying Agent of the bonds.
Section 2. That this Resolution is adopted pursuant to the
authority conferred by the Authorizing Ordinance, and the Authorizing
Ordinance, together with and as supplemented by this Resolution, shall
continue in full force and effect.
Section 3. That the provisions of this Resolution are
hereby declared to be separable and if a section, phrase or provision
shall be declared invalid, such declaration shall not affect the
validity of the remainder of the Resolution.
MICROFILMED
DATE OCT 2 0 1978
REEL VI*
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Section 4. This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: tfila y 16 , 1978.
APPjQVED:
ATTEST:` Mayor
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City Clerk
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CERTIFICATE
I, the undersigned, City Clerk of the City of Fayett'eville,
Arkansas, hereby certify that the foregoing pages are a true and
compared copy of a Resolution adopted at a kiTida!- session of the
Board of Directors of the City of Fayetteville, Arkansas, held at the
regular meeting place of the Board in the City at 7/0c) o'clock
p.m., and that the Resolution is of record in Resolution Record Book
No.LEEI, Page /, now in my possession.
GIVEN under my hand and seal this cQ day of
1978, being the date of the adoption of this Resolution.
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City Clerk