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RESOLUTION NO. 7S3 <br /> A RESOLUTION AUTHORIZING A MEMORANDUM OF <br /> INTENT BY AND BETWEEN THE CITY OF BATESVILLE, <br /> ARKANSAS, AND BATESVILLE MEDICAL INVESTORS <br /> LIMITED PARTNERSHIP, PERTAINING TO THE <br /> ISSUANCE OF HOSPITAL REVENUE BONDS FOR <br /> FINANCING THE COSTS OF ACQUIRING HOSPITAL <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 and <br /> between the City of Batesville, Arkansas (the "Municipality" ) , <br /> and Batesville Medical Investors Limited Partnership, an Arkansas <br /> limited partnership (the "Company" ) , and the Mayor and City Clerk <br /> be, 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 other- <br /> wise take all action necessary to the realization of the Muni- <br /> cipality' s obligations under the Memorandum of Intent. <br /> PASSED: /0 - 12- 1982 . <br /> APPROVED: !t <br /> ATTEST: <br /> or <br /> City_C1e k <br /> ( SEAL) <br />