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RESOLUTION NO.
A RESOLUTION AUTHORIZING A MEMORANDUM OF
INTENT BY AND BETWEEN THE CITY OF WEST
MEMPHIS, ARKANSAS, AND HACKNEY, INC.,
PERTAINING TO THE ISSUANCE OF INDUSTRIAL
DEVELOPMENT REVENUE BONDS FOR FINANCING THE
COSTS OF ACQUIRING, CONSTRUCTING AND
EQUIPPING INDUSTRIAL FACILITIES; AND
PRESCRIBING OTHER MATTERS RELATING THERETO.
BE IT RESOLVED by the City Council of the City of West
Memphis, Arkansas:
Section 1. That there be, and there is hereby
authorized the execution and delivery of a Memorandum of Intent by
and between the City of West Memphis, Arkansas (the
"Municipality"), and Hackney, Inc., a Texas corporation (the
"Company"), and the Mayor and City Clerk be, and they are hereby,
authorized to execute and deliver the Memorandum of Intent for and
on behalf of the Municipality. The Memorandum of Intent is
approved in substantially the form submitted to this meeting, and
the Mayor is hereby authorized to confer with the Company in order
to complete the Memorandum of Intent in substantially the form
submitted to this meeting with such changes as shall be approved
by such persons executing the document, their execution to
constitute conclusive evidence of such approval.
Section 2. That the Mayor and City Clerk be, and they
are hereby authorized and directed, for and on behalf of the
Municipality, to do all things, execute all instruments and
otherwise take all action necessary to the realization of the
Municipality's obligations under the Memorandum of Intent.
PASSED : ,~~~ ~ 1981 .
APPROVED:
ATTEST : > /J~`1
Mayor
City rk
(SEAL)
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CERTIFICATE
The undersigned, City Clerk of West Memphis, Arkansas,
hereby certifies that the foregoing is a true and compared copy of
a resolution passed at a ~,~, session of the City Council of
West Memphis, Arkansas, held at the regular meeting place of the
Council at ~ 3 0 0' clock ~. m. , on the 3 da ofd, 1981.
City Cl r ~
(SEAL)
1-
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RESOLUTION
OF THE CITY OF 4lEST MEMPHIS
ARKANSAS
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PREFACE
SUBJECT •
. A RESOLUTION AUTHORIZING A ME'.tilORANDUM OF
INTENT BY A.'VD BETWEEN THE CITY OF WEST
MEMPHIS, ARKANSAS, AND HACKNEY, INC.
PERTAINING TO THE ISSUANCE OF INDUSTRIAL
DEVELOPMENT REVENUE BONDS FOR FINAIJCLUG
THE' COSTS, OF ACQUIRING, CONSTRUCTING AND
EQUIPPING INDUSTRIAL FACILITIES; AND
PRESCRIBING OTHER MATTERS RELATING THERETO.
SPONSORED BY: Alderman
Alderman
Mayor `
FIRST READING: MONTH DAY YEAR
SECOND READING: MONTH DAY YEAR
THIRD READING: DIONTH DAY ~YEP.R
EMERGENCY CLAUSE: MONTH DAY YEAR
PUBLISHED:* Iv10NTH DAY YEAR
DATE OF COUNCIL MINUTES PASSED:
MONTH DAY YEAR
Revenue Ordinance must be published four (4) times..
SPONSORED:
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