ORD NO 14-1977 ORDINANCE NO. L 47 7
AN ORDINANCE AMENDING ORDINANCE NO. 49 -1976,
ADOPTED ON THE 15th DAY OF NOVEMBER, 1976,
PERTAINING TO AN INDUSTRIAL PLANT; PRESCRIBING
OTHER MATTERS PERTAINING THERETO; AND DECLARING
AN EMERGENCY.
WHEREAS, the City of Van Buren, Arkansas (the "City
adopted Ordinance No. 49 -1976, passed and approved on the 15th day
of November, 1976 "Ordinance No. 49- 1976 which Ordinance No. 49-
1976 authorized the issuance of $1,000,000 in principal amount of
Industrial Development Revenue Bonds Diamond Shamrock Project,
dated December 1, 1976 (the "Bonds pursuant to the provisions of
Act No. 9 of the First Extraordinary Session of the Sixty- Second
General Assembly of the State of Arkansas, approved January 21,
1960, as amended; and
WHEREAS, due to the delay in the delivery of the Bonds
it is necessary to amend Ordinance No. 49 -1976 to change the date
of the Bonds from December 1, 1976 to June 1, 1977;
NOW, THEREFORE, BE IT ORDAINED by the City Council of the
City of Van Buren, Arkansas:
Section 1. That Ordinance No. 49 -1976 be amended in that
where reference is made to the date of the Bonds being December 1,
1976, that it shall be amended to read June 1, 1977.
Section 2. That Ordinance No.' 49 -1976, as amended hereby,
is continued in full force and effect.
Section 3. That there is hereby found and declared to be an
immediate need for the securing and developing of industry in order
to provide employment and payrolls, alleviate unemployment and other-
wise benefit the public health, safety and welfare of the City and
the inhabitants_thereof, and the issuance of the Bonds authorized
hereby and the taking of the other action authorized by Ordinance
No. 49 -1976, as amended hereby, are immediately necessary for the
accomplishing of these public benefits and purposes. It is, therefore,
declared that an emergency exists and this Ordinance being necessary
for the immediate preservation of the public peace, health and
safety shall be in force and effect immediately upon and after its
passage.
PASSED: fre, 1977.
APPROVED:
ATTEST:
i ayor
O l e IF
ty Clerk
(SEAL)
CERTIFICATE
The undersigned, City Clerk of Van Buren, Arkansas, hereby
certifies that the foregoing pages are a true, correct and compared
0 copy of Ordinance No. of the City of Van Buren, Arkansas,
passed at a session of the City Council of Van Buren,
Arkansas, held at the regular meeting place of the Council at
o'clock .m., on the day of 1977, and
that the Ordinance is of record in Ordinance Record Book No.
at Page now in my possession.
GIVEN under my hand and the seal of the City this day of
1977.
City Clerk
�(SEiiL)^
0