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WHEREAS Westport is a subsidiary of Stern-Slegman-Prins Company, a Missouri corporation ("Stern") and Stern has agreed to unconditionally guarantee pe rorr 1arc�by I� es.`porL of its obligations under the Lease ti,gree - ment by an instrunnen t identified as the "Stern Guaranty Agreement"; and _ WHIEREAS permanent financing of the Project costs, necessary costs and expenditures incidental thereto and to the expeditious commence- ment , f "salons, tt"1P. cost Q' th0 issuance of bonds and t meat o_ man.�!«ctt.ring op��:.. _-,s ,,,-onamOUnt necessary t0 rOVlde for 1!a-`_'.i�L C'DOnd3 _��L1Project reVe:1U'_ s are available is i Bing fuCnished by the issuance of Industrial De,.-eloprnent Revenues Bonds by the City under the provisions of Act No. 9 in the principal amount of not to exceed l'i've ITUn '.red Thousand Dollars ($500, 00 0) (the "bonds" or "Act No. 9Pona- s " and WHw AS there has been submitted to the eleciors of the City the question of issuling the Ac-,: No. 9 Bonds Gt a spocial election, and at said special election the electors apprOved the issuance of the r',ct 11o. 9 Bonds; and WHEREAS the bonds arcs, to be sold and delivered in, series, vnt-'-t the initial series being in. the pr'nci_ =�l a^=ounL of $J%J, 000, designated Series A, and ,,hich are Med, bear interest, mc,'ture and ars: sul:jec;: to re- demption as hereafter in this In! 2=__.1: set foni:__ in detail_; NOW, THEREFORE, SF TT ORDAINED i3ythe City Council O, City of Ba '_e_ vilie , ..rka__sas . SeMic)n I That ti.onn to, a. th r. is hev by, authcrinei arae.. (a) 14e vain of 5375,000 in ug�1�0 16' pArnipol of 1 t_..-. __ _a.(. (b) T: pini_ K 4,.- !Vnj" 11, - c�! i --- MCA t1cCA t, Yo Y' _ of till C_ al,!,