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AWN <br /> RESOLUTION NO. TI - 3 <br /> I - 3 - 1 <br /> A RESOLUTION AUTHORIZING A MEMORANDUM OF <br /> INTENT BY AND BETWEEN THE CITY OF <br /> BATESVILLE, ARKANSAS, AND IDEAL BAKING <br /> COMPANY, INCORPORATED, PERTAINING TO THE <br /> ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE <br /> BONDS FOR FINANCING THE COSTS OF ACQUIRING, <br /> CONSTRUCTING AND EQUIPPING INDUSTRIAL <br /> FACILITIES; AND PRESCRIBING OTHER MATTERS <br /> RELATING THERETO. <br /> BE IT RESOLVED by the City Council of the City of <br /> Batesville, Arkansas: <br /> Section 1. That there be, and there is hereby autho- <br /> rized the execution and delivery of a Memorandum of Intent by <br /> and between the City of Batesville, Arkansas (the "Muni- <br /> cipality" ) , and Ideal Baking Company, Incorporated, an Arkansas <br /> corporation (the "Company" ) , and the Mayor and City Clerk be, <br /> and they are hereby, authorized to execute and deliver the <br /> Memorandum of Intent for and on behalf of the Municipality. The <br /> Memorandum of Intent is approved in substantially the form <br /> submitted to this meeting, and the Mayor is hereby authorized to <br /> confer with the Company in order to complete the Memorandum of <br /> Intent in substantially the form submitted to this meeting with <br /> such changes as shall be approved by such persons executing the <br /> document, their execution to constitute conclusive evidence of <br /> such approval. <br /> Section 2 . That the Mayor and City Clerk be, and they <br /> are hereby authorized and directed, for and on behalf of the <br /> Municipality, to do all things, execute all instruments and <br /> otherwise take all action necessary to the realization of the <br /> Municipality' s obligations under the Memorandum of Intent. <br /> PASSED: 1987. <br /> APP VED: <br /> ATTEST: <br /> zia, " d 1."_��i Mayor <br /> City Clerk <br /> (SEAL) <br />