RES NO 08-03-1995 k
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. S- s 3 -1995
A RESOLUTION AUTHORIZING AN OIL AND GAS LEASE ON PROPERTY OWNED
BY THE CITY OF VAN BUREN, ARKANSAS.
WHEREAS, Gary A. Monroe Associates of Fort Smith, Arkansas,
desire to enter into an Oil and Gas Lease with the City
of Van Buren, for property owned by the City of Van
Buren, described in the attached Exhibit, which is made
a part of this Resolution; and
WHEREAS, Under authority of A.C.A., Section 14 -54 -302, the City
has the authority to enter into such a Lease:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF VAN BUREN, ARKANSAS:
SECTION 1: THAT the City Council hereby authorizes the lease of
the said described city property to Gary A. Monroe and
Associates and authorizes the Mayor and City Clerk to
execute an Oil and Gas Lease with them for the
consideration contained therein.
PASSED AND APPROVED THIS 21ST DAY OF AUGUST ,19 95
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ATTESTED:
CI Y CLERK TREASURER