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! - low Section 2. That upon the exercise of the option to Purchase set forth in said Renewal Lease Agreement, if said option is exercised, and the performance by the Lessee of all acts required to be performed by it under the provisions of said Renewal Lease Agreement, the Mayor and City Clerk be,and they are hereby, authorized and directed t:) execute in the name and on behalf of the City of Batesville an instrument of con- veyance as provided in said Renewal Lease Agreement and to deliver said instrument when so executed to the Lessee under said Renewal Lease Agreement. Section 3. That the Mayor and C_ty Clerk be, and they are hereby, authorized and directed for and on behalf of the City of Batesville to do all things, execute all instruments and otherwise take all action necessary to the full realization of the City of Batesville's rights under said Renewal Lease Agreement and to discharge all of the City of Batesville's obligations as Lessor under said Renewal Lease Agreement. Section 4. That the provisions of this ordinance are hereby declared to be separable and if arty section, phrase or provision shall for any reason be declared to be invalid such declaration shall not affect the validity of the remainder of the sections, phrases or provisions. Section 5. That all ordinances and resolutions and parts thereof in conflict herewith are hereby repealed to the extent of such conflict. Section 6. That there is hereby found and declared to be an immediate need for securing and developing industry near the City of Batesville, Arkansas in order to provide employment, alleviate unemployment and otherwise benefit the public health, safety and welfare and the taking of the action authorized by this ordinance is necessary in connection with the securing and developing of a substantial industry. It is, there- fore, declared that an emergency exists and this ordinance being