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IBM <br />L. <br />EXCERPTS FROM MINUTES OF A MEETING OF THE <br />BATESVILLE, ARKANSAS CITY COUNCIL HELD <br />APRIL 22 , 19 75 <br />The City Council of the City of Batesville <br />Arkansas met in R?GTTLAR session at its regular meeting place in <br />atesville <br />, Arkansas at 7,:00 o'clock P .m., on the <br />22 <br />day of APRIL <br />1975 <br />The following were present: <br />Mayor <br />PEYTO?f GOLDEN <br />City <br />Clerk MAR117! R. SA°ITH <br />NOEL DONE, JOTPI DAVIES . <br />and Aldermen <br />BOYCE NASH$ JIM 91FIMIT I , <br />LYN^T t1T I T T AMS , S` V"T `40011 JR. <br />Absent: 1 <br />A.J. BECWAN <br />SETH WTT LF7S, <br />The Mayor stated that consideration should be given to an ordinance <br />authorizing a. Sale Agreement by and between the City and The General Tire & <br />U <br />Rubber Company and an Escrow Agreement by and between the City and the Trustee <br />in connection with issuing Industrial Development Revenue Bonds <br />This was a matter with which the Council was familiar and after a discussion, <br />Alderman S"',Vj `400D introduced an ordinance entitled: <br />41, <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 MADE 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 />C.P T �1FN <br />and the City aKM 1`TAVOR read the ordinance in full. <br />