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ORDINANCE NO. 6 7 3 <br />AN ORDINANCE AUTHORIZING THE LEASING BY THE <br />CITY OF BATESVILLE, ARKANSAS TO BATESVILLE <br />RUBBER COMPANY OF THE LANDS, BUILDINGS, IMPROVE- <br />MENTS, MACHINERY AND EQUIPMENT DESCRIBED IN THE <br />FORM. OF LEASE AGREEMENT APPROVED BY THIS ORDINANCE; <br />A'(1)THORIZING THE EXECUTION OF A LEASE AGREEMENT <br />DY' "J HE MAYOR AND CITY CLERK FOR AND ON BEHALF <br />(:RL 'I'z E CITY IN THE FORM APPROVED BY THIS ORDINANCE, <br />PRESCE:11BING OTHER MATTERS PERTAINING THERETO AND <br />DECLARING AN EMERGENCY. <br />BE IT ORDAINED by the City Council of the City of <br />Batesville, Arkansas; <br />Section 1. That the City of Batesville, Arkansas lease <br />to Batesville Rubber Company, an Arkansas corporation, the lands, <br />buildings, improvements, machinery and equipment described in <br />the form of lease agreement hereinafter authorized for the <br />rentals and pursuant to the terms and conditions, and with <br />the option to purchase, set out fully in the form of lease agree- <br />ment hereinafter authorized. That there be and there is hereby <br />authorized the execution of the Lease Agreement by and between <br />the City of Batesville, Arkansas and Batesville Rubber Company, <br />an Arkansas corporation, in the form and with the contents <br />hereinafter set forth and the Mayor and City Clerk be, and they <br />are hereby, authorized and directed to execute, acknowledge <br />and deliver said Lease Agreement for and on behalf of the City. <br />The form and contents of said Lease Agreement, made a part hereof, <br />are as follows: <br />