HomeMy WebLinkAbout104-85 RESOLUTION•
RESOLUTION NO. 104-85
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A RESOLUTION AUTHORIZING A MEMORANDUM tOF
INTENT BY AND BETWEEN THE CITY OF
FAYETTEVILLE, ARKANSAS AND HACKNEY BROS.
BODY COMPANY 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.
QBE 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, a North Carolina
corporation .(the "Company"), and the Mayor and City'Clerk be,
and theyl,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,Itheir 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
otherwisettake all action necessary to the realization of the
Municipality's obligations under the Memorandum of Intent.
PASSED:
Octoberl.1
, 1985.
t ayor?dud;
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 regular session of the Board of
Directors of Fayetteville Arkansas, held at the regular meeting
place of'the Board of Directors at 7.on o'clock p.m., on
the 1st day of ortoher , 1985.
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