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ORDINANCE NO. 847 <br />AN ORDINANCE AUTHORIZING A SALE AGREEMENT BY AND <br />BETWEEN THE CITY OF BATESVILLE, ARKANSAS, AND THE <br />GENERAL TIRE & RUBBER COMPANY, IN SUBSTANTIALLY THE <br />CONTENTS SET FORTH IN AND IVLADE A PART OF THIS ORDI-- <br />NANCE, AND, IN CONNECTION THEREWITH, AN ESCROW <br />AGREEMENT IN SUBSTANTIALLY THE CONTENTS SET FORTH <br />IN AND MADE A PART OF THIS ORDINANCE; AUTHORIZING <br />THE EXECUTION AND DELIVERY OF THE SALE AGREEMENT <br />AND THE ESCROW AGREEMENT; PRESCRIBING OTHER MATTERS <br />RELATING THERETO; AND DECLARING AN EMERGENCY. <br />BE IT ORDAINED by the City Council of the City of Batesville, <br />Arkansas: <br />Section 1. That there be, and there is hereby authorized the execution <br />and delivery of a Sale Agreement (the "Sale Agreement") between the City of <br />Batesville, Arkansas (the "City") and The General Tire & Rubber Company, an <br />Ohio corporation (the "Company") , in substantially the form and with substan- <br />tially the contents hereinafter set forth, and the Mayor and City Clerk be, and <br />they are hereby, authorized to execute, acknowledge and deliver the Sale Agree- <br />ment for and on behalf of the City. The form and contents of the Sale Agreement, <br />which are hereby approved and which are made a part hereof, shall be substan- <br />tially as follows: <br />L� <br />