HomeMy WebLinkAbout769ORDINANCE NO. 769
AN ORDINANCE AUTHORIZING THE BORROWING OF
$14,000.00 FOR THE CONSTRUCTION OF A HANGAR ON
HANGAR LOT NO. 4 AT THE BATESVILLE AIRPORT
BE IT ORDAINED, by the City Council of the City of
Batesville, Arkansas:
SECTION 1: That the City of Batesville be authorized
to borrw the sum of Fourteen Thousand ($14,000.00) Dollars with
interest at the rate of six (60) per cent per annum repayable in
equal monthly installments of Two Hundred Seventy Dollars and
Sixty -Six Cents ($270.66) per month together with any additional
interest which may be required, the first such payment being due
in the first month after construction is completed of the hangar.
SECTION 2: That the proceeds of a certain lease agree-
ment between the City of Batesville and Batesville Manufacturing
Company, approved by the Batesville Airport Commission, which
lease agreement is dated the 14th day of January, 1969, be pledged
to the lending institution as security for the repayment of said
loan.
SECTION 3: The sum borrowed as herein authorized shall
be repayable solely from the gross revenues derived from the oper-
ation and/or lease of the hangar to be constructed on the airport.i
This ordinance is passed under the authority of Act 176 of 1959 and
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the lending institution shall have all remedies therein provided 1,
for. The indebtedness herein authorized shall not constitute an
indebtedness of the City of Batesville within any constitutional
or statutory limitation thereof and particularly .shall not be con -i
sidered an indebtedness under Amendment 10 to the Constitution of
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the State of Arkansas.
SECTION 4: The Batesville Airport Commission is hereby
authorized to construct said hangar and thereafter to operate same
to insure same, to collect the lease payments and to make all
payments to the lending institution under the borrowing herein
authorized and to do and perform each and every thing in connectio
therewith as authorized by Act 175 of 1959.
SECTION 5. Emergency Clause. It is hereby found and
declared that the Municipal Airport in the City of Batesville,
Arkansas, is in need of additional hangar space and additional
revenue for its proper operation; that sufficient funds are not
available from revenues presently existing to secure same; that
the lease with Batesville Manufacturing Company is available if
construction can start immediately. It is therefore, declared
that an emergency exist and that this act being necessary for
the public peace, health and safety it shall take effect and be
in force from and after its passage and approval.
This Ordinance was enacted this 14th day of January
1969.
ATTEST: MAYOR
City C-96- r k
CERTIFICATE
Comes�e City Clerk of the
City of Batesville, Arkansas, and states that the above and fore-
going is a true, correct and compared copy of Ordinance No.
adopted by the City Council of Batesville, Arkansas. Further, it
is certified that the Council was lawfully and properly called in
meeting and that the ordinance was lawfully and properly adopted.
Dated this -&-�' day of /�yui�.rti _ , 1969.
City C er
tr.• illTRANSCRIPT OF MINUTES OF MEETING OF CITY COUNCIL OF BATESVILLE,
I+ ARKANSAS, HELD ON THE 14th DAY OF January , 1969.
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�I On the 14th day of January _ 1969, meeting
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ii of the City Council of the City of Batesville, Arkansas, was held
and conducted. A roll call was taken and the following members
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11were present:
'I Noel Bone Absent Was:
li Payton Golden
Dean Lewallen Glenn Shelton
!� Bobby Leonard
Boyce Nash
Charles Runyan
Earl Tripp
Alderman Tripp introduced and moved the
iadoption of a Resolution entitled and authorizing the signing by
the Mayor and the City Clerk of a lease with Batesville Manufact-
juring Company on Hangar Lot No. 4. Alderman Runyan
seconded the adoption of the Resolution. Alderman Tripp _
moved to suspend the rules and read the Resolution three times on
this same date. Alderman Runyan seconded this
motion and roll call was taken on the motion to suspend the rules.
Those voting and the votes cast were:
'NAME OF ALDERMAN VOTED AYE VOTED NAY
Noel Bone X
Payton Golden X
Dean Lewallen X
Bobby Leonard X
:'Boyce Nash X
Charles Runyan X
Earl Tripp X
The motion to suspend the rules having been carried by
more than two-thirds of the members composing the Council the
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'Resolution was read three times and the Mayor called for a dis-
cussion and then for a vote on the Resolution. The vote was by
!!roll call as follows:
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ALDERMAN VOTED AYE
Noel Bone
X
Payton Golden
g
Dean Lewallen
X
Bobby Leonard
X
Boyce Nash
X
Charles Runyan
X
Earl Tripp
X
VOTED NAY
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Whereupon, the Mayor declared the Resolution to be
i adopted.
Alderman Tripp introduced and
'jmoved the adoption of an Ordinance numbered 769 Alderman
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Runyan seconded the adoption of the ordinance.
{Alderman Runyan moved to suspend the rules
and read the ordinance three times on the same date. Alderman
Aden seconded that motion and a rollcall was
taken on the motion to suspend the rules. Those voting and the
.votes cast were:
,NAME OF ALDERMAN VOTED AYE VOTED NAY
Noel Bone X
;Payton Golden X
Dean Lewallen X
Bobby Leonard g
Boyce Nash X
Charles Runyan X
,Earl Tripp X
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The motion to suspend the rules having been carried by
!more than two-thirds of the members composing the Councilthe
;ordinance was read three times and the Mayor called for discussion
,,and then for a vote on the ordinance. The vote was by roll call
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;i as follows:
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NAME OF ALDERMAN VOTED AYE VOTED NAY
Noel Bone X
Payton Golden X
Dean Lewallen X
Bobby Leonard X
Boyce Nash X
Charles Runyan X
Earl Tripp X
Aldeman seconded by Alder-
man moved that Section 5, the
emergency clause, be adopted, and on roll call the following
voted Aye:
NAME OF ALDERMAN
Noel Bone
Payton Golden
Dean Lewallen
Bobby Leonard
Boyce Nash
Charles Runyan
Earl Tripp
and none voted Nay.
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The Mayor thereupon declared the ordinance
and the emergency clause duly adopted and signed the ordinance,
which was attested by the City Clerk and impressed with the seal
of the City. The ordinance was given No. 769.
(Other matters not related to this lease and borrowing
are ommitted from these minutes.)
There being no further business, the Council adjourned.
City Clerk
CERTIFICATE
Comes Floy Row, City Clerk of the City of Batesville,
Arkansas, and states that the above and foregoing is a true,
perfect and compared copy of the minutes of the City Council of
the City of Batesville, Arkansas, in a meeting held on the 14th
day of January, 1969, at the City Hall in Batesville, Arkansas,
and that same constitutes all of the action of the City Council
with respect to the adoption of an ordinance and the adoption of
a Resolution concerning the lease and construction of a hangar on
Hangar Lot No. 4, the lease thereof by Batesville Manufacturing
Company and the borrowing of the funds necessary for the constructic
Dated this 15th day of January, 1969.
City C er
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