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2018-05-01
CITY-OF-BATESVILLE
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2018-05-01
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Section 3. The eighth section of Ordinance No. 947,part A, is amended by <br /> deleting it in its entirety and replacing it with the following: <br /> To receive funds from the City of Batesville, Arkansas, the County of <br /> Independence and any other appropriate source, and to use said funds for the following <br /> purposes in Batesville and Independence County, Arkansas: to purchase or obtain by gift <br /> real property to be used as an industrial park suitable for the location thereon of industrial <br /> development and the creation of additional jobs; to attract and develop businesses and <br /> services including, but not limited to, retail businesses, restaurants, transportation, <br /> businesses and services supporting recreation and tourism, and medical services; to <br /> develop and maintain infrastructure in support of these activities. <br /> Section 4. The eighth section of Ordinance No. 947, part 3, is amended by <br /> deleting it in its entirety and replacing it with the following: <br /> To develop and maintain real property to the fullest extent necessary in order to <br /> accomplish the expansion of business and industry in Batesville and Independence <br /> County,Arkansas. <br /> Section 5. The eighth section of Ordinance No. 947,part D, is amended by <br /> deleting it in its entirety and replacing it with the following: <br /> To establish reserves and to invest said reserves or any other funds coming into <br /> said corporation in bonds, certificates of deposit, savings accounts or other business <br /> and/or industrial property as the Board of Directors may deem satisfactory. <br /> Section 6. All ordinances, resolutions and parts thereof in conflict herewith are <br /> repealed to the extent of such conflict. <br /> PASSED: J " 0!3, <br /> APPROVED: <br /> Mayor <br /> ATTEST: <br /> L""- <br /> "'.") )-)-\ C*�hw+rr� <br /> City Clerk <br /> 2 <br />
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