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AN ORDINANCE AMENDING ORDINANCE NO.1816 OF THE CITY COUNCIL OF THE CITY OF JONESBORO, TO PROVIDE FOR THE SALE OF SAID CITY’S INDUSTRIAL DEVELOPMENT REVENUE BONDS (ANHEUSER-BUSH COMPANIES, INC. PROJECT) SERIES 1982 TO MORGAN GUARANTY TRUST COMPANY OF NEW YORK AND TO PROVIDE FOR THE EXECUTION AND DELIVERY OF REVISED FORMS OF AN AGREEMENT OF SALE, INDENTURE OF TRUST, BOND PURCHASE AGREEMENT AND SUCH BONDS IN CONNECTION THEREWITH; DECLARING AN EMERGENCY; AND OTHER MATTERS IN CONNECTION THEREWITH
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WHEREAS, the City of Jonesboro, Arkansas (the “Issuer”), is authorized and empowered by the provisions of the Municipalities and Counties Industrial Development Revenue Bond Law, Acts 1960 (Ex. Sess.), No. 9, as amended (the “Act”), to issue its revenue bonds for the purpose of financing land, buildings or facilities of any and every nature whatsoever that can be used in securing or developing industry within or near the Issuer upon such terms as the City Council of the Issuer shall deem advisable and as shall not conflict with the provisions of the Act; and
WHEREAS, in order to accomplish the purpose of the Act, the Issuer has heretofore determined it necessary and advisable to finance the costs of the acquisition, construction and installation of certain facilities, including buildings, equipment and related facilities suitable for use as a new rice mill facility (the “Project”) for Anheuser-Bush Companies, Inc., a Delaware Corporation, and its wholly-owned subsidiary, Anheuser-Busch, Incorporated (together, the “Companies”), which Project will be located within or near the Issuer and will be used by Busch Agricultural Resources, Inc., a wholly-owned subsidiary of Anheuser-Bush Companies, Inc. (the “User”), and which Project qualities as “facilities” which may be financed pursuant to the Act; and
WHEREAS, this City Council did on December 7, 1981 adopt a resolution, indicating its intent to issue industrial development revenue bonds of the Issuer for financin...
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