RES NO 10-02-1984 RESOLUTION NO. c /D /7 V
A RESOLUTION AUTHORIZING A MEMORANDUM OF
INTENT BY AND BETWEEN THE CITY OF VAN BUREN,
ARKANSAS AND HOLLAND AND NOWOTNY, INC.,
PERTAINING TO THE ISSUANCE OF INDUSTRIAL
DEVELOPMENT REVENUE BONDS FOR FINANCING THE
COSTS OF ACQUIRING, CONSTRUCTING AND
EQUIPPING INDUSTRIAL FACILITIES; AND
PRESCRIBING OTHER MATTERS RELATING THERETO.
BE IT RESOLVED by the City Council of the City of Van
Buren, Arkansas:
Section 1. That there be, and there is hereby
authorized the execution and delivery of a Memorandum of Intent
by and between the City of Van Buren, Arkansas (the
"Municipality and Holland and Nowotny, Inc., an Arkansas
corporation (the "Company and the Mayor and City Clerk be,
and they are hereby, authorized to execute and deliver the
Memorandum of Intent for and on behalf of the Municipality. The
Memorandum of Intent is approved in substantially the form
submitted to this meeting, and the Mayor is hereby authorized to
confer with the Company in order to complete the Memorandum of
Intent in substantially the form submitted to this meeting with
such changes as shall be approved by such persons executing the
document, their execution to constitute conclusive evidence of
such approval.
Section 2. That the Mayor and City Clerk be, and they
are hereby authorized and directed, for and on behalf of the
Municipality, to do all things, execute all instruments and
otherwise take all action necessary to the realization of the
Municipality's obligations under the Memorandum of Intent.
PASSED: October .22. 1984.
APPR•VED:
ATTEST:
0
Ma
City -Clerk
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