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ORD NO 16-1975 ORDINANCE NO. 16 -1975 AN ORDINANCE AUTHORIZING THE MAYOR TO NEGOTIATE FOR A LEASE PURCHASE OF A ROAD- GRADER. 1 WHEREAS, the City of Van Buren, Arkansas, has an immediate need to purchase a Road- grader, and WHEREAS, to take bids and the time to complete the transaction would be detrimental to the City of Van Buren, Arkansas, and WHEREAS, Section 19 -44 -26 of the Arkansas Statutes, 1947, annotated, provides that the governing body, by ordinance, may waive the requirements of competitive bidding in exceptional cases, where such procedure is not deemed feasible or practical. NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Van Buren, Arkansas, 1. That the City Council waives the requirement of competitive bidding in this particular case; of such procedure is deemed infeasible and impractical. 2. The Mayor is authorized, and directed, to negotiate the purchase of a Road- grader.wjth various manufactuu;rs, on a lease- purchase contract. PASSED AND APPROVED this 14th day of April, 1975 Mayor Attested: City lerk