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ORD NO 21-1975 ORDINANCE NO. 21 -1975 O AN ORDINANCE AUTHORIZING THE MAYOR TO NEGOTIATE FOR A LEASE* PURCHASE OF A TELESQURT. WHEREAS, the City of Van Buren, Arkansas, has an immediate need to purchase a Telesqurt, and WHEREAS, to take any bids, and the time to complete the transaction, would be disastrous toothe City of Van Buren, Arkansas, and WHEREAS, the cost is in a constant state of rising at the present time, 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 situations where such procedure is deemed infesible or profitable. 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 a procedure, is not deemed feasible or practical. 2. That the Mayor is authorized, and directed, to negotiate the purchase of a Telesqurt,with the necessary apparatus on the Telesqurt, with the various manufacturers, on a lease purchase contract. PASSED AND APPROVED this 15th day of April, 1975. Mayor Attested: City Clerk 0