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• <br /> Section 4 . That to prescribe the terms and conditions <br /> upon which the Bonds are to be executed, authenticated, issued, <br /> accepted, held and secured, the Mayor is hereby authorized and <br /> directed to execute and acknowledge a Trust Indenture by and <br /> between the City and First National Bank of Lawrence County, Walnut <br /> Ridge, Arkansas, which will act as Trustee thereunder (the <br /> "Indenture") , and the City Clerk is hereby authorized and directed <br /> to execute and acknowledge the Indenture and to affix the seal of <br /> the City thereto, and the Mayor and City Clerk are hereby <br /> authorized and directed to cause the Indenture to be accepted, <br /> executed and acknowledged by the Trustee. The Indenture is hereby <br /> approved in substantially the form submitted to this meeting, and <br /> the Mayor is hereby authorized to confer with the Trustee and <br /> others in order to complete the Indenture in substantially the form <br /> submitted to this meeting with such changes as shall be approved by <br /> such persons executing the document, their execution to constitute <br /> conclusive evidence of such approval. <br /> Section 5 . That there be, and there is hereby, <br /> authorized the execution and delivery of a Lease and Agreement by <br /> and between the City and the Company (the "Lease Agreement") , and <br /> • the Mayor and City Clerk be, and they are hereby, authorized to <br /> execute, acknowledge and deliver the Lease Agreement for and on <br /> behalf of the City. The Lease Agreement is hereby approved in <br /> substantially the form submitted to this meeting, and the Mayor is <br /> hereby authorized to confer with the Company and others in order to <br /> complete the Lease Agreement in substantially the form submitted to <br /> this meeting with such changes as shall be approved by such persons <br /> executing the document, their execution to constitute conclusive <br /> evidence of such approval . <br /> Section 6 . That there is hereby authorized the <br /> preparation and distribution to various prospective and actual <br /> purchasers of the Bonds of an Official Statement describing the <br /> Bonds and their security, and setting forth such other information <br /> as may be determined to be necessary or desirable. The Mayor is <br /> hereby authorized to execute such Official Statement on behalf of <br /> the City. <br /> Section 7 . That the City is hereby involved with the <br /> acquiring, constructing and equipping of industrial facilities, and <br /> pursuant to applicable laws of the State of Arkansas, including <br /> particularly the Act, competitive bidding is waived. <br /> Section 8 . That the Mayor and City Clerk, for and on <br /> behalf of the City, be, and they are hereby, authorized and <br /> directed to do any and all things necessary to effect the execution <br /> and delivery of the Bond Purchase Agreement, the Lease Agreement, <br /> and the Indenture and the performance of all obligations of the <br /> City thereunder, the issuance, execution, sale and delivery of the <br />