HomeMy WebLinkAbout140-83 RESOLUTIONRESOLUTION NO. 140 83
A RESOLUTION AUTHORIZING A MEMORANDUM OF
INTENT BY AND BETWEEN THE CITY OF
FAYETTEVILLE, ARKANSAS, AND BPO ACQUISITION
CORP. PERTAINING TO THE ISSUANCE OF
INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR
FINANCING THE COSTS OF ACQUIRING,
CONSTRUCTING AND EQUIPPING INDUSTRIAL
FACILITIES; AND PRESCRIBING OTHER MATTERS
RELATING THERETO.
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 BPO Acquisition Corp., a Delaware
corporation (the "Company"), and the Mayor arid City Clerk be,
and they are hereby, authorized to execute and deliver the
Memorandum of Intent for and on behalf of the Municipality. The
Memorandum of Intent is approved in substantially the form
submitted to this meeting, and the Mayor is hereby authorized to
confer with the Company in order to complete the Memorandum of
Intent in substantially the form submitted to this meeting with
such changes as shall be approved by such persons executing the
document, their execution to constitute conclusive evidence of
such approval.
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 obligations under the Memorandum of Intent.
ATTEST:"N
PASSED: November 30
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1983.
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 special session of the Board of
Directors of Fayetteville, Arkansas, held at the regular meeting
place of the Board at 4:45 o'clock P .m., on the 30th day of
November
, 1983.
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City Cle
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Arkansas
place in
the 30th
Noland
Buurpass
Absent:
EXCERPTS FROM MINUTES OF MEETING OF THE
FAYETTEVILLE, ARKANSAS BOARD OF DIRECTORS
HELD 11-30 , 1983
The Board of Directors of the City of Fayetteville,
, met in special session at its regular meeting
Fayetteville, Arkansas; at 4:45 o'clock P .m., on
day of Nov. , 1983. The following were present: Mayor
; City Clerk Kennedy ; and Directors
Johnson O1.rton Sharp
and
Directors Lancaster and Osborne
The Mayor stated that consideration should be given to
a resolution authorizing a Memorandum of Intent. This was a
matter with which the. Board was familiar and after a discussion,
Director Burpass introduced a Resolution entitled:
A RESOLUTION AUTHORIZING A MEMORANDUM OF
INTENT BY AND BETWEEN THE CITY OF
FAYETTEVILLE, ARKANSAS, AND BPO ACQUISITION
CORP.,. PERTAINING TO THE ISSUANCE OF
INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR
FINANCING THE COSTS OF ACQUIRING,
CONSTRUCTING AND EQUIPPING INDUSTRIAL
FACILITIES; AND PRESCRIBING OTHER MATTERS
RELATING THERETO.
and the City Clerk read the Resolution in full.
Director Blfless
seconded by Director
adopted. The
the motion and
Orton moved that the Resolution be
question was put by the Mayor on the adoption of
the roll being called, the following voted aye:
Noland, Surpass, Johnson, Orton and Sharp
and the following voted nay:
None
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The Mayor thereupon declared the. Resolution adopted
and signed the Resolution, which was attested by the City Clerk
and sealed with the seal of the City. The Resolution was given
No..�140-83 ,
!(Matters not -relating to the Resolution are omitted.)
N
kThe.re being no furter ear• dour ed.
Atal
City Clerk
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Mayo
CERTIFICATE
The undersigned, City Clerk of Fayetteville, Arkansas,
hereby certifies that the foregoing pages are a true and correct
copy of excerpts of the minutes of a meeting of the Board of
Directors of Fayetteville, Arkansas at a special session
held at the regular meeting place of the Board in said City at
4:45 o'clock P.m., .on the 30th day of November 1983,
and the time and place of the meeting was furnished to each
person who made a request- therefor in accordance with the
provisions of Act No. 93 of the Acts of Arkansas of 1967.
City Clerk