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Minutes for the City Council meeting on October 3, 1983
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CITY COUNCIL MINUTES, OCTOBER 3, 1983
The Jonesboro City Council met in regular session, Monday October 3, 1983, at 7:30 p. m. present were Mayor, City Attorney, City Clerk and all Aldermen.
The minutes of September 19, 1983, were approved as mailed on motion by Mr. Sanderson, seconded by Mr. Smith. All voted aye.
Mr. Sanderson offered the following ordinance: (Act 9 Bond)
AN ORDINANCE AUTHORIZING THE ISSUANCE OF A TEMPORARY INDUSTRIAL DEVELOPMENT REVENUE BOND UNDER ACT NO. 9 OF 1960, AS AMENDED, FOR THE PURPOSE OF PROVIDING PERMANENT FINANCING FOR THE COST OF SECURING AND DEVELOPING INDUSTRY (THE PARTICULAR INDUSTRIAL PROJECT IS DESCRIBED IN THE ORDINANCE); AUTHORIZING AND PRESCRIBING CERTAIN OTHER MATTERS PERTAINING TO THE INDUSTRIAL PROJECT, THE ACQUISITION THEREOF, AND THE FINANCING THEREOF; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE OF TRUST SECURING THE BOND; AUTHORIZING THE EXECUTION AND DELIVERY OF A LEASE AGREEMENT BETWEEN THE CITY INDUSTRIAL DEVELOPMENT CORPORATION, AS LESSEE; PRESCRIBING OTHER MATTERS RELATING THERETO; AND DECLARING AN EMERGENCY
Mr. Sanderson moved, seconded by Mr. Shelton to suspend the rules and place the ordinance on 2nd reading. All voted aye except Dr. Smith who abstained (Pres. of AIDC) Mr. Nix moved, seconded by Mr. Shelton to suspend the rules and place the ordinance on 3rd reading. All voted aye except Dr. Smith who abstained. Mr. Mays moved, seconded by Mr. Sanderson to approve the ordinance. All voted aye except Dr. Smith who abstained. The ordinance was given #1847. Mr. Mays moved, seconded to Mr. Nix, to include the emergency clause. All voted aye except Dr. Smith who abstained. Motion passed.
The following ordinance was on 3rd reading: (Stop Signs)
AN ORDINANCE PROVIDING FOR CERTAIN TRAFFIC CONTROL DEVICES; TO PROVIDE PENALTIES FOR VIOLATIONS THEREOF; AND FOR OTHER PURPOSES
Mr. Hannah moved, seconded by Mr. Stricklin, to approve the ...
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