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RESOLUTION TO ISSUE AND SELL CAPITAL NOTES FOR THE CONSTRUCTING, WIDENING, PAVING AND DRAINAGE FOR THE ACCESS ROAD LOCATED AT THE JONESBORO MUNICIPAL AIRPORT
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WHEREAS, it was declared by this City Council, by Resolutions, on January 30, 1967, that it was desirable and necessary to improve the Jonesboro Municipal Airport so that is might become a more effective part of the National System of Public Airports, and to this end, by means of three(3) Resolutions, all dated January 30,1967, the City Council authorized the Mayor and the City Clerk to issue and sell Capital Notes, pursuant to the provisions of Ordinance #1123, for the purpose of raising funds with which to make improvements and capital improvements at the Jonesboro Municipal Airport, and
WHEREAS, such Capital Notes issued and sold for the purpose of making such improvements at the Jonesboro Municipal Airport are to be repaid from the proceeds received from the sale of bonds issued by the City of Jonesboro, pursuant to Amendments #13 and #49 to the Constitution of the State of Arkansas, and
WHEREAS, it is considered desirable and necessary to make additional improvements at the Jonesboro Municipal Airport, and it is necessary to increase the amount of Capital Notes authorized to be issued for the purpose of constructing and extending the runway, because of increases in the construction costs of such runway, and it is necessary to increase the amount of Capital Notes authorized to be issued for the purpose of enlarging and making additions to, and furnishing, the Terminal Building, because of an increase in the amount originally estimated to be required for this purpose;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Jonesboro, that the Mayor and the City Clerk are authorized and directed, pursuant to the provisions of Ordinance # 1123, to issue and sell Capital Notes of the City of Jonesboro in the face amount of Twenty Three Thousand and No/100 Dollars ($23,000.00). The ...
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