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Section 1. The City hereby acknowledges the intent of <br /> and commitment by the City to issue revenue bonds under the <br /> Constitution and laws of the State of Arkansas , including <br /> particularly (but without limitation) Act No. 238 of the Acts <br /> of Arkansas of 1971, as amended, for the purpose of providing <br /> permanent financing of all or a portion of the cost of <br /> acquiring, constructing and equipping the Project. The Project <br /> consists of one Consumat brand "Energy-from-Waste System, " <br /> including waste disposal system, energy system, and feed <br /> water system. The cost of the Project is presently estimated <br /> to be $620 ,500. <br /> Section 2. That the Mayor and City Clerk be and <br /> they are hereby authorized and directed, for and on behalf of <br /> the City, to do all things , execute all instruments and other- <br /> wise take all action necessary to the realization of the City 's <br /> intent and commitment hereunder. <br /> Section 3. That this Resolution is intended as official <br /> action toward the issuance of the bonds within the meaning <br /> of Section 103 of the Internal Revenue Code and regulations <br /> thereunder. <br /> Section 4. That all resolutions and parts thereof in <br /> conflict herewith are hereby repealed to the extent of such <br /> conflict. <br /> Section 5. That this Resolution shall be in full <br /> force and effect from and after its passage. <br /> ADOPTED AND APPROVED this day of October, 1980 . <br /> ATTEST: <br /> Mayor <br /> LI) &U_� Y <br /> City Clerk <br /> (SEAL) <br />