RES NO 09-02-1979 i` 5
RESOLUTION NO. 7 7
A RESOLUTION AUTHORIZING A MEMORANDUM OF INTENT
BY AND BETWEEN THE CITY OF VAN BUREN, ARKANSAS,
AND BIG D W REFINING SOLVENTS COMPANY, INC.
PERTAINING TO THE ISSUANCE OF INDUSTRIAL DEVELOP-
MENT REVENUE BONDS FOR FINANCING THE COSTS OF ACQUIR-
ING, 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 Big D W.
Refining Solvents Company, Inc., an Arkansas corporation, in
substantially the form and with substantially the contents herein-
after set forth, 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 form and contents of
the Memorandum of Intent, which are approved and which are made a
part hereto, shall be substantially as follows:
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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 other
wise take all action necessary to the realization of the
Municipality's obligations under the Memorandum of Intent.
PASSED: Le arat___, 1979.
APPROVED:
ATTEST: iii(
Mayor
City t Jerk
(SEAL)
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CERTIFICATE
The undersigned, City Clerk of Van Buren, Arkansas, hereby
certifies that the foregoing is a true and compared copy of a
resolution passed at a9 session of the City Council of
Van Buren, Arkansas, hel at the regular meeting place of the Council
at', o'clock 1 on the /J U'
7/en, day of 1979.
ity Clerk
(SEAL