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Minutes for the City Council meeting on May 17, 1976
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CITY COUNCIL MEETING MAY 17, 1976
The Jonesboro City Council met in regular session, Monday, May 17, 1976, at 7:30 p.m. There were present, Mayor, City Clerk, City Attorney, and the following named aldermen: Bowers, Sanderson, Bridger, Burns, Stricklin, Minx, Smith, Hinson, Haggenmacher, Johnson, Hannah, Darling.
Mr. Jim McKinnon reported to Council that the contract for the East Washington project had been awarded to Tate Contractors for $122,000 and work has begun.
The following ordinance was on 3rd and final reading:
AN ORDINANCE AUTHORIZING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS UNDER ACT NO. 9 OF THE FIRST EXTRAORDINARY SESSION OF THE SIXTY-SECOND GENERAL ASSEMBLY OF THE STATE OF ARKANSAS, APPROVED JANUARY 21, 1960, AS AMENDED, FOR THE PURPOSES OF PROVIDING PERMANENT FINANCING OF THE COST OF SECURING AND DEVELOPING INDUSTRY (THE PARTICULAR INDUSTRIAL PROJECT IS DESCRIBED IN THE ORDINANCE); AUTHORIZING THE EXECUTION AND DELIVERY OF A TRUST INDENTURE SECURING THE BONDS; AUTHORIZING AND PRESCRIBING OTHER MATTERS PERTAINING TO THE INDUSTRIAL PROJECT: AND CONSTRUCTING THEREOF AND THE FINANCING THEREOF; AND DECLARING AN EMERGENCY
Mr. Stricklin moved for the adoption of the ordinance, seconded by Sanderson. Roll call voting aye: Bowers, Sanderson, Bridger, Burns, Stricklin, Minx. Voting nay: Smith, Hinson, Haggenmacher, Johnson, Hannah, Darling. There being a tie vote, the Mayor cast an aye vote and the ordinance was adopted and given #1505.
The following ordinance was on 3rd and final reading:
AN ORDINANCE AUTHORIZING A LEASE AND AGREEMENT BY AND BETWEEN THE CITY OF JONESBORO, ARKANSAS, AS LESSOR AND SOUTHERN CAST PRODUCTS, INC., AS LESSEE IN SUBSTANTIALLY THE FORM AND WITH SUBSTANTIALLY THE CONTENTS SET FORTH IN AND MADE A PART OF THIS ORDINANCE: AUTHORIZING THE EXECUTION AND DELIVERY OF SAID LEASE AND AGREEMENT: PRESCRIBING OTHER MATTERS RELATING THERETO: AND DECLARING AN EMERG...
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