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NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br /> Batesville, Arkansas: <br /> Section 1. That the issuance of the Bonds by the Board as hereinabove <br /> described to finance the Project is hereby authorized and is in all respects <br /> approved. <br /> Section 2. That by the adopting of this Resolution the City assumes no <br /> liability or responsibility for the repayment of the Bonds. <br /> Section 3. That the provisions of this Resolution are hereby declared to <br /> be separable, and if any section, phrase or provision shall for any reason be <br /> declared illegal or invalid, such declaration shall not affect the validity of the <br /> remainder of this Resolution. <br /> Section 4. All resolutions and parts thereof in conflict herewith are <br /> hereby repealed to the extent of such conflict. <br /> Section 5. This Resolution shall be in force and effect immediately upon <br /> and after its passage. <br /> PASSED AND APPROVED THIS day of ) 2011. <br /> �r <br /> ayor <br /> ATTEST: <br /> City Clerk <br /> (W <br /> 2 <br />