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1120RESOLUTION NO. JIB A RESOLUTION AUTHORIZING THE MAYOR AND THE CITY CLERK TO EXECUTE A DEED WHEREAS, Arkansas Statutes require a written resolution of the City Council authorizing the Mayor and City Clerk to execute deeds for the conveyance of real property; and WHEREAS, Reflexion Industries proposes to pay off the bond issue and to acquire ownership of the real property which was subject of said bond issue; and WHEREAS, said real property is presently held in the name of the City of West Memphis; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS, THAT upon payment in full of the bond issue by Reflexion Industries, the Mayor and City Clerk are hereby authorized to execute a deed for the conveyance of the real property which was the subject of said bond issue to Reflexion Industries. APPROVED this 17th day of September, 198 MAYOR ATTEST. CITY LERK PONSORED Y: ~.~.--- ~ ~ ~. b `. ~_~~~ a - ~~~ ~~~s~~