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t <br />ORDINANCE NO. <br />AN OIDINANCE CALLING A SPECIAL ELECTION TO <br />VOTE UPON THE QUESTION OF ISSUING T.ONDS UNDER <br />YHE PROVISIONS OF ACT NO. 9 OF THE FIRST EXTRA- <br />ORDINARY SESSION OF TiE SIXTY-SECOND GENERAL <br />ASSE1,,MLY OF THE STATE OF Ai x�,ANSAS, APPROVED <br />JANUARi 21, 1960, FOR THE PURPOSE OF FINANCING <br />THE COST OF SECURING AND DEVELOPING INDUSTRI <br />WITHIN OR NEAR THE CITY OF TATESVILLE, ARIKANSAS; <br />PRESCRIEING OTHER MATTERS RELl�TING THERETO; AND <br />DECLARING AN E EttiGENCy . <br />1 <br />� c <br />WHEIR AS arrangements have been made with White -Rodgers <br />Company, aelawa�-e <br />corporation (hereinafter sometimes <br />referred to as the 'Company"), for the location of a substantial <br />industrial plant within or near the City of h,atesville, Arkansas <br />(hereinafter sometimes referred to as the "Citypf), which plant <br />will be operated by the Company, or a subsidiary thereof, for <br />manufacturing and related purposes; and <br />WHER.MS the location of the said industry within or near <br />the City will alleviate unemployment, result in increased employ - <br />mens, result in increased payrolls, and will otherwise be bene- <br />ficial to and in the best interests of the City and its citizens <br />and inhabitants; and <br />WHEREAS in order to make the necessary arrangements for <br />the permanent financing of the cost of acquiring necessary lands, <br />constructing and equipping a factory building and related facili- <br />ties thereon and purchasing and installing necessary machinery <br />therein (hereinafter sometimes called the "Project"), essential <br />to the location of said industry, the City Council of the City <br />has determined to issue, subject to the approval of the electors, <br />City of Latesville, Arkansas Industrial Development Revenue Londs <br />under the provisions of Act No. 9 of the First Extraordinary <br />