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RE 0 I
S LUT ON N0.
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WHEREAS, recently the revitalization of West Memphis' homebuildinq
industry was virtually assured through the efforts of the
West Memphis Public Facilities Board, with the signing of
a bond purchase agreement totaling $16.5 million dollars
for local lenders; and,
WHEREAS, the five (5) members of the West Memphis Public Facilities
Board, namely: William Barbour, Chairman
Ralph Sloan
Lucille Pate
Clyde T. Rodgers, Jr.
Samuel Turner
cleared the way officially for the taking of house loan
applications by real estate agents throughout West Mem-
phis; and,
WHEREAS, we believe the professional efforts put forth by the West
Memphis Public Facilities Board members effected the event-
ful outcome of the homebuilding bond issue for the City of
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West Memphis, Arkansas.
NOW, THEREFORE, BE IT RESOLVED THAT THE MAYOR AND CITY COUNCIL OF
THE CITY OF WEST MEMPHIS:
1. Wish to take this opportunity to publicly express our
sincere appreciation to the West Memphis Public Facilities
Board members for their professional expertise in suc-
cessfully negotiating the selling of this bond issue.
PASSED AND APPROVED this day of ~ ~" '~ I ~ 1979.
Joyce T. Fer uson
MAYOR
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A T T E S T
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CITY CLERK
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