ORD NO 22-1969 ORDINANCE N0. 22 -1969
i1N ORDINANCE AUTHORIZING A LEASE AGREEMENT BY AND BETWEEN THE
et CITY OF VAN BUREN, ARKANSAS AS LESSOR i,ND CEMENT ASBESTOS PRODUCTS
COMPANY, AN ALABAMA CORPORATION, AS LESSEE, IN SUBSTANTIALLY THE
FORM rND WITH SUBSTANTIALLY THE CONTENTS SET FORTH IN AND MADE :A
PART OF THIS ORDINANCE: AUTHGRIZING THE EXECUTION AND DELIVERY OF
SAID LEASE i,GREEI:ENT: PRESCRIBING OTHER MATTERS RELi.TING THEREOT:
AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN,
ARKANSAS:
Section 1. That there be, and there is hereby authorized
the execditicn and delivery of a Lease Agreement wherein the
City pf Van Buren, Arkansas (called "City is Lessor and CEMENT
ASBESTOS PRODUCTS COMPANY, an ,ylabama corporation (called "CAPGO
is Lessee in substantially the form and with substantially the
contents hereafter sat forth, and the Mayor and City Clerk be,
0 and they are hereby, authorized to execute, acknowledge and
deliver said Lease Agreement for and on behalf of the City. The
form and contents of said Lease Agreement, which are hereby approved
and which are made a part hereof, shall be substantially as
follows:
(Advice is hereby given that a copy uf the form of Lease
Agreement is on file in the office of the City Clerk, and ref-
erence may be had thereto by any interested person).
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 said
Lease`i'.greement.
Section 3. That the provisions of this Ordinance are hereby
declared to be separable, and if cry suction, phrase or provision
shalYfor any reason, be declared to be invalid, such declarations
sha11!hot affect the validity of the remainder of the sections,
phrases or previsions.
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herewith are hereby repealed to the extent of such conflict.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 within
the City in order to provide additional employment and increased
payrolls, alleviate unemployment and provide other benefits
incidental to the operation of a substantial industry, and the
execution and delivery uf the Lease Agreement authorized by this
Ordinance are necessary for the accomplishment cf those public
benefits and purposes. IT IS THEREFORE, declared that an emergency
axists, and this Ordinance, being necessary fur the immediate
preserYation of the public haalth, safety and welfare, shall be in
force and take effect immediately upun and after its passage.
Passed this 22nd day of September, 1969.
Allen R. Toothaker (s)
Mayor
Attest:
Geo L Crofton (s)
City Clerk