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HomeMy WebLinkAbout04-80 RESOLUTION• RESOLUTION 4%757o WHEREAS, the City of Fayetteville, Arkansas (the "City") desires to proceed with the acquisition and installa- tion of a computerized private branch exchange telephone system (the "Equipment") involving a total purchase price to the City of $64,540; and WHEREAS, the City has received a proposal from Powell & Satterfield, Inc., Little Rock, Arkansas ("Powell & Satterfield") to provide financing for the acquisition and installation of the Equipment through a lease agreement with option to purchase (the "Lease"); and WHEREAS, pursuant to Article 12, Section 3 of the Constitution and Section 19-1042 of the Arkansas Statutes Annotated (Supp. 1979), the City is authorized to exercise full legislative power in any and all matters pertaining to municipal affairs, and pursuant to Arkansas Statutes Annotated Section 19-2310 (Supp. 1979) the City is further authorized to buy, sell, convey and lease real and personal property for public or governmental uses and purposes; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the acquisition and installation of the Equipment at the total purchase price of $64,540 is hereby authorized. MICRO t. ai 1980 DATE REEL • r. • Section 2. That the financing for the acquisition, construction and installation of the Equipment shall be provided by entering into the Lease with Powell & Satterfield. The Lease shall be in such form and shall contain such provisions, subject to the terms of this Resolution, as shall be acceptable to the Mayor, the City Clerk, and the City Attorney, who are hereby authorized to confer with Powell & Satterfield in order to complete the Lease. The Lease shall be payable solely from current revenues of the City available during each fiscal .year. The Lease shall not constitute an indebtedness or a pledge of the faith and credit or taxing power of the City within the meaning of any constitutional or statutory limitation. Section 3. That the Mayor and City Clerk, for and on behalf of the City, are hereby authorized and directed to do any and all things necessary to carry out the authority granted by this Resolution, including, without limitation, the execution and delivery of the Lease, and any and all papers, documents, certificates and other instruments of any nature whatsoever, required for the carrying out of such authority or to evidence the exercise thereof. Section 4. Any and all resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 5. This Resolution shall be in full force and effect immediately upon passage hereof. o ADOPTED: January 16, 1980 ATTE ST4 dtALty,C1er• CITY OF FAYETTEVILLE, ARKANSAS By _. (SEAL) --- • Mayor n; RESOLUTION • WHEREAS, the City of Fayetteville, Arkansas (the "City") desires to proceed with the acquisition and installa- tion of a computerized private branch exchange telephone system (the "Equipment") involving a total purchase price to the City of $64,540; and WHEREAS, the City has received a proposal from Powell & Satterfield, Inc., Little Rock, Arkansas ("Powell & Satterfield") to provide financing for the acquisition and installation of the Equipment through a lease agreement with option to purchase (the "Lease"); and WHEREAS, pursuant to Article 12, Section 3 of the Constitution and Section 19-1042 of the Arkansas Statutes Annotated (Supp. 1979), the City is authorized to exercise full legislative power in any and all matters pertaining to municipal affairs, and pursuant to Arkansas Statutes Annotated Section 19-2310 (Supp. 1979) the City is further authorized to buy, sell, convey and lease real and personal property for public or governmental uses and purposes; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the acquisition and installation of the Equipment at the total purchase price of $64,540 is hereby authorized. Section 2. That the financing for the acquisition, construction and installation of the Equipment shall be provided by entering into the Lease with Powell & Satterfield. The Lease shall be in such form and shall contain such provisions, subject to the terms of this Resolution, as shall be acceptable to the Mayor, the City Clerk, and the City Attorney, who are hereby authorized to confer with Powell & Satterfield in order to complete the Lease. The Lease shall be payable solely from current revenues of the City available during each fiscal year. The Lease shall not constitute an indebtedness or a pledge of the faith and credit or taxing power of the City within the meaning of any constitutional or statutory limitation. Section 3. That the Mayor and City Clerk, for and on behalf of the City, are hereby authorized and directed to do any and all things necessary to carry out the authority granted by this Resolution, including, without limitation, the execution and delivery of the Lease, and any and all papers, documents, certificates and other instruments of any nature whatsoever, required for the carrying out of such authority or to evidence the exercise thereof. Section 4. Any and all resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 5. This Resolution shall be in full force and effect immediately upon passage hereof. ADOPTED: January 16, 1980 ATTEST "; e, CITY OFFAYETTEVIL'tLE , ARKANSAS lX Th��b4� �By Mayor ity Cl r -' � tei (SEAI)'tjlC