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• i, <br />ORDINANCE NO. <br />AN ORDINANCE AUTHORIZING THE EXECUTION <br />OF AN INSTRUMENT TO AMEND AND SUPPLEMENT <br />THE LEASE DATED JANUARY 27, 1961, WHERE- <br />UNDER THE CITY OF BATESVILLE IS LESSOR <br />AND WHITE-RODGERS COMPANY IS LESSEE, SO <br />AS TO RELEASE WHITE-RODGERS COMPANY AS <br />LESSEE AND TO SUBSTITUTE THE EMERSON <br />ELECTRIC MANUFACTURING COMPANY AS LESSEE <br />AND TO AGREE THAT THE CITY WILL RENDER <br />PERFORMANCE OF AN AGREEMENT DATED JANU- <br />ARY 27, 1961, WITH WHITE-RODGERS COMPANY, <br />REFERRED TO IN SAID LEASE, TO THE EMERSON <br />ELECTRIC MANUFACTURING COMPANY; PRESCRIB- <br />ING OTHER MATTERS RELATING THERETO AND <br />DECLARING AN EMERGENCY. <br />WHEREAS, the City of Batesville, Arkansas (herein- <br />after sometimes referred to as "City"), under authority <br />of Act No. 9 of the First Extraordinary Session of the <br />Sixty -Second General Assembly of the State of Arkansas, <br />approved January 21, 1960, and City Ordinance No. 679, <br />issued $1,500,000 aggregate principal amount of its <br />5-3/$% Industrial Development Revenue Bonds, dated as <br />of February 1, 1961, for the purpose of acquiring lands <br />and acquiring, constructing and equipping buildings and <br />manufacturing facilities in accordance with a certain <br />Agreement dated January 27, 1961, between Independence <br />County, Arkansas Industrial Development Corporation and <br />White -Rodgers Company, a Delaware corporation, and that <br />certain Lease dated January 27, 1961, between said In- <br />dependence County, Arkansas Industrial Development Cor- <br />poration as Lessor and said White -Rodgers Company, as <br />Lessee; and <br />WHEREAS, the City has heretofore taken over and <br />acquired from said Independence County, Arkansas In- <br />dustrial Development Corporation said Agreement dated <br />