HomeMy WebLinkAbout54-79 RESOLUTION•
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RESOLUTION NO. 52/-179
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A RESOLUTION AUTHORIZING A MEMORANDUM OF INTENT
BY AND BETWEEN THE CITY OF FAYETTEVILLE,
ARKANSAS, AND HACKNEY BROS. BODY COMPANY PERTAIN-
ING TO THE ISSUANCE OF INDUSTRIAL REVENUE BONDS
FOR FINANCING THE COSTS OF ACQUIRING, CONSTRUCTING
AND EQUIPPING INDUSTRIAL FACILITIES AND PRESCRIBING
OTHER MATTERS RELATING THERETO.
_MICROFILMED
DATE_Araut_ j979
REEL
BE IT RESOLVED by the Board of Directors of the City of
FayetteVille, Arkansas:
Section 1. That there be, and there is hereby authorized
the execution and delivery of a Memorandum of Intent by and between
the City of Fayetteville, Arkansas (the "Municipality"), and
Hackney Bros. Body Company (the "Company"), in substantially the
form and with substantially the contents hereinafter set forth, and
the Mayor and City Clerk be, and they are hereby, authorized to
execute and deliver the Memorandum of Intent for and on behalf of
the Municipality. The form and contents of the Memorandum of Intent,
which are hereby approved and which are made a part hereto, shall be
substantially as follows:
Section 2. That the Mayor and City Clerk be, and they are
hereby authorized and directed, for and on behalf of the Municipality,
to do all things, execute all instruments and otherwise take all
action necessary to the realization of the Municipality's rights and
to the discharge of the Municipality's obligations under the
Memorandum of Intent.
PASSED:
AssgAL)
„ Maze*.
15\laty Clerk
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APPROVED:
cIL)-•
•
Mayor
CERTIFICATE
The undersigned, City Clerk of Fayetteville, Arkansas,
hereby certifies that the foregoing is a true and compared copy of
a resolution passed at a
of Fayetteville,
Board at Y;1
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Cch session of the Board of Directors
Arkansas, held at the regular meeting place of the
o'clock10 .m., on the A9P—day of190.44.4, 1979.
(9,1rJ Vitseetiket
City Clerk