ORD NO 07-1974 ORDINANCE NO. 7` /g
AN ORDINANCE AUTHORIZING A LEASE AND AGREEMENT BY AND
BETWEEN THE CITY OF VAN BUREN, ARKANSAS, AS LESSOR,
AND S H, INC., AS LESSEE, IN SUBSTANTIALLY THE
FORM AND WITH SUBSTANTIALLY THE CONTENTS SET FORTH IN
AND MADE A PART OF THE ORDINANCE; AUTHORIZING THE
EXECUTION AND DELIVERY OF THE LEASE AND AGREEMENT;
PRESCRIBING OTHER MATTERS RELATING THERETO; AND DE-
CLARING AN EMERGENCY.
BE I'T ORDAINED 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 Lease and Agreement wherein the City of Van Buren, Arkansas
(the "City is Lessor, and S H, Inc., an Arkansas corporation "S H
is Lessee, in substantially the form and with substantially the contents herein
set forth (the "Lease Agreement and the Mayor and City Clerk be, and they
are hereby, authorized to execute, acknowledge and deliver the Lease Agreement
for and on behalf of the City. The form and contents of the Lease Agreement, which
are hereby approved and which are made a part hereof, 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 City, to do all things, execute
all instruments and otherwise take all action necessary to the realization of
the City's rights and to the discharge of the City's obligations as Lessor under
the Lease Agreement.
Section 3. That the provisions of this Ordinance are hereby declared
to be separable, and if any section, phrase or provision shall, for any reason, be
declared to be invalid, such declaration shall not affect the validity of the remainder
of the sections, phrases or provisions.
Section 4. That all ordinances and parts thereof in conflict herewith
are hereby repealed to the extent of such conflict.
Section 5. That there is hereby found and declared to be an immediate
need for the securing and developing of industry at the City in order to provide
additional employment and increased payrolls, alleviate unemployment and provide
other benefits incidental to the operations of a substantial industry, and the
execution and delivery of the Lease Agreement authorized by this Ordinance are
necessary for the accomplishment 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 health, safety and welfare,
shall be in force and take effect immediately upon and after its passage.
PASSED: 1974.
APPROVED:
ATTEST:
d r
0 or
City Clerk
(SEAL)
l
The undersigned, City Clerk of the City of Van Buren, Arkansas, hereby
certifies that the foregoing pages are a true and compared copy of an Ordinance
passed at a regular session of the City Council held at the regular meeting,
0 place of the City Council at 7*, m. on the rday of v ar i
1974, and that the Ordinance is of record in Ordinance Record Book No.
Page now in my possession.
GIVEN under my hand and the seal of the City this rday of
7
1974,
City Clerk
(SEAL)
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